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.
Under broad supervision, responsible for underwriting risks in a book of business. Works within limited authority on assignments of moderate technical complexity. Utilizes underwriting policies and guidelines, rating manual rules and insurance laws and regulations.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
Reviews applications and financial requirements for risks requiring moderate technical underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards.
Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration of applicant documentation, business factors and competitive situations.
Prepares quotes and answers questions from agencies, internal and external contacts and escalates issues as necessary.
Prepares written communication on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations. Verbally notifies agents of decisions where appropriate in order to ensure clear understanding of the decision.
Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.
May assist in marketing products and services through agencies or through the brokerage community and makes field visits.
Develops and maintains positive agency and/or broker relationships to ensure positive outcomes.
Keeps current on state/territory issues, regulations and trends.
Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.
Develop proficiency in all relevant CNA systems. Also, may update the underwriting systems.
Skills, Knowledge & Abilities
1. Knowledge of underwriting and insurance industry theories and practices.
2. Developing technical expertise and negotiation skills.
3. Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
4. Ability to work independently.
5. Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, and to manage and prioritize multiple concurrent projects.
6. Ability to exercise independent judgment and make sound business decisions effectively.
7. Knowledge of Microsoft Office Suite as well as other business-related software.
8. Demonstrated leadership skills
Education & Experience
1. Bachelor's degree or equivalent experience.
2. Completion of a formal underwriting training program or minimum one year underwriting experience.
As determined by CNA and depending on the applicant's experience and/or qualifications, candidates may be hired into one of three Underwriter positions, Underwriter, Underwriting Specialist or Underwriting Consultant. Typically starting at 2 to 10+ years of related experience.
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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 $44,000 to $74,000 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] .
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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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