Underwriter - Contract Surety

CNA Insurance • Charlotte, NC

23h • Hybrid

About The Position

Under broad supervision, responsible for underwriting risks in a Surety 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.

Requirements

• Knowledge of underwriting and insurance industry theories and practices.
• Developing technical expertise and negotiation skills.
• Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
• Ability to work independently.
• 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.
• Ability to exercise independent judgment and make sound business decisions effectively.
• Knowledge of Microsoft Office Suite as well as other business-related software.
• Demonstrated leadership skills
• Bachelor's degree or equivalent experience.
• Completion of a formal underwriting training program or minimum one year underwriting experience.

Responsibilities

• 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.
• May perform additional duties as assigned.

Benefits

• Comprehensive and competitive benefits package
• Helps employees and their family members achieve their physical, financial, emotional and social wellbeing goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree