Rating Specialist, New Business

Posted 14 Hours Ago
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Hiring Remotely in Lake Mary, FL
Remote
Hybrid
37K-64K Annually
3-5 Years Experience
Cloud • Insurance • Professional Services • Analytics • Cybersecurity
The Role
The Rating Specialist will perform duties related to New Business and Renewal Rating transactions, ensuring transaction accuracy, gathering relevant data for underwriting, and providing support for pricing decisions across multiple business lines.
Summary Generated by Built In

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
CNA currently has an opportunity for a Rating Specialist supporting our US offices.
Under general supervision, handles New Business and or Renewal Rating transactions, including but not limited to New or Renewal business quotes, New or Renewal business rating or pricing revisions for two or more lines of business within Middle Market or Specialty Lines.
JOB DESCRIPTION:
Shift: 10 AM - 6 PM ET
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

  • Reviews incoming business transactions and related information for completeness, accuracy, and quality. Works with Underwriter, Underwriting Technician or Associate to resolve any discrepancies and process New or Renewal business related transactions in a timely manner.
  • Performs rating to support New or Renewal business quotes for multiple lines of business. Performs manual rating functions for non-system supported coverages.
  • Gathers third party data and insurance application data to record information in predictive modeling tools that enable the underwriter new business risk selection and pricing decision process. Data gathering includes reviewing exposures, loss experience and other account information to ensure accurate entry to underwriting proprietary tools and models.
  • Regularly reviews department processing guidelines and procedures and provides recommendations as necessary to modify existing guidelines to ensure accuracy.
  • Determines workflow activities required to process insurance policy based on line of business.
  • Responds to policy service requests from Underwriters, Underwriter Associate and or Underwriting Technician for all levels of complexity across multiple lines of Middle Market business.
  • May act as a resource for questions to less experienced peers.


May perform additional duties as assigned.
Reporting Relationship
Supervisor or above
Skills, Knowledge & Abilities

  • Knowledge of insurance industry and its products and services such as Auto, Workers Comp, Package and Specialty lines within Commercial business.
  • Strong written, verbal, and interpersonal communication skills.
  • Be a proven performer against goals and metrics.
  • Ability to handle multiple tasks and prioritize work with a demonstrated sense of urgency.
  • Vast knowledge of Microsoft Office suite, with a proficient level of experience directly within Excel, and other business-related software.
  • Analyzes all available data, guidelines, and metrics to make logical, well-informed, creative, and effective decisions.
  • Takes ownership and accountability for resolving issues in a timely manner.


Education & Experience

  • High school diploma, GED or equivalent.
  • Typically, at least 3 years of multi-line Commercial Specialty lines or prior Rating/ Underwriting experience.


#LI-1
#LI-Remote
I n certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia , California, Colorado, Connecticut, Maryland , New York and Washington, the national base pay range for this job level is $37,000 to $64,000 annually.Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees - and their family members - achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA's benefits, please visit cnabenefits.com .
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected] .

What the Team is Saying

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The Company
HQ: Chicago, IL
7,000 Employees
Hybrid Workplace
Year Founded: 1897

What We Do

CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe.

As a company of allies, we understand the importance of fostering an inclusive and supportive culture for all employees. Our eight Employee Resource Groups elevate the voices of underrepresented groups and champion critical DEI initiatives in the workplace and beyond. We strive to promote an environment of inclusion and continuously work to ensure all employees feel valued and respected.

Why Work With Us

CNA knows the importance of having the tools you need to expand your expertise and develop your career. With a variety of cross-discipline and cross-functional opportunities, CNA provides you with the tools and resources needed to customize your career path and understand what is needed to be effective in your role.

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CNA Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Typical time on-site: Flexible
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HQChicago, IL
Located in the heart of the loop, CNA’s headquarters are at 151 N Franklin. With close proximity to both L and Metra stations.

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