Underwriting Specialist(Middle Market Private Equity)

CNA • New York, NY

4d

About The Position

At CNA, the Underwriting Specialist works under technical direction to underwrite risks in a book of business. The role operates within specific authority limits and handles assignments requiring significant technical complexity and coordination. It applies underwriting policies and guidelines, rating manual rules, and insurance laws and regulations. Depending on the applicant’s experience and qualifications, CNA may hire candidates into an Underwriting Specialist or Underwriting Consultant position.

Requirements

• Advanced knowledge of underwriting and insurance industry theories and practices.
• 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, 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 in accordance with company guidelines and standards, including the need for additional evidence of insurability and an appropriate strategy.
• Set appropriate pricing based on financial and competitive analysis while meeting compliance requirements.
• Prepare quotes and respond to questions from agencies, policyholders, and other external contacts; escalate issues and proposed solutions to management as needed.
• Negotiate with agents to achieve 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 and make field visits.
• Develop and maintain agency and broker relationships.
• Provide guidance and assistance to other underwriters and functional areas, particularly on 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 to perform day-to-day activities.
• Work with more senior underwriters or management on risks exceeding authority limits or requiring special handling.

Benefits

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

What This Job Offers

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