Underwriting Specialist - Contract Surety

CNA • Charlotte, NC

7d • Hybrid

About The Position

Underwriting Specialist responsible for underwriting risks in a Contract Surety book of business under technical direction. Works within specific limits of authority on assignments requiring significant technical complexity and coordination, using underwriting policies and guidelines, rating manual rules, and insurance laws and regulations. The title may vary based on experience and skillset; alternate titles include Underwriter and Underwriting Consultant.

Requirements

• Advanced knowledge of underwriting and insurance industry theories and practices.
• Demonstrated high level of technical expertise and product-specific knowledge.
• Strong interpersonal, communication, and negotiation skills, including the ability to interact effectively with internal and external business partners at all levels.
• Ability to work independently.
• Strong analytical and problem-solving skills.
• Ability to exercise independent judgment and make critical business decisions effectively.
• Knowledge of Microsoft Office Suite and other business-related software.
• Demonstrated leadership skills.
• Bachelor's degree or equivalent experience.
• Typically a minimum of three to five years of underwriting experience.

Nice To Haves

• Professional designations preferred.

Responsibilities

• Review applications and financial requirements for risks requiring complex underwriting skills; determine risk acceptability under company guidelines and standards, the need for additional evidence of insurability, and an appropriate strategy.
• Determine appropriate pricing based on financial and competitive analysis and compliance requirements.
• Prepare quotes and respond to questions from agencies, policyholders, and other external contacts; escalate issues to management with proposed solutions when necessary.
• Negotiate with agents to reach positive and profitable outcomes.
• Notify agencies of adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations.
• Analyze the quality, quantity, and profitability of underwritten risks and prepare reports for management review.
• Market products and services through agencies or the brokerage community, make field visits, and develop and maintain agency and/or broker relationships.
• Provide guidance and assistance to other underwriters and functional areas, particularly regarding cross-sell opportunities.
• Stay current on state and territory issues and regulations, industry activity, and trends, and share information with others.
• Use advanced functionality in relevant CNA systems for day-to-day activities.
• Work with more senior underwriters or management on risks exceeding authority level or requiring special handling.

Benefits

• Comprehensive and competitive benefits package intended to support employees' and their family members' physical, financial, emotional, and social wellbeing.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level