Underwriting Specialist, Domestic P&C
About The Position
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. JOB DESCRIPTION: When you join CNA an Underwriting Specialist you will be responsible for underwriting US risks produced from CNA Canada, CNA UK and CNA Europe for the underwriting lifecycle from submission through policy issuance, for both new business and renewal. Recognized as the technical expert in the international underwriting specialty, you will work within the broadest limits of authority requiring the highest degree of technical complexity and coordination. This hybrid position, three days per week in office, may be in any of the following metropolitan cities: Chicago, Radnor, PA or Lake Mary, FL.
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. Ability to effectively interact with all levels of CNA's internal and external business partners.
- Ability to work independently.
- Strong analytical and problem-solving skills.
- Ability to exercise independent judgment and to make critical business decisions effectively.
- Knowledge of Microsoft Office Suite as well as other business-related software.
- Demonstrated leadership skills.
- Bachelor's degree or equivalent experience.
- Typically, three to five years’ underwriting experience.
Nice To Haves
- Professional designations preferred.
Responsibilities
- Reviews applications and financial requirements for risks requiring complex underwriting skills.
- Determines acceptability of risk in accordance with company guidelines and standards. Also, determines the need for additional evidence of insurability and appropriate strategy.
- Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
- Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary.
- Negotiates with agents to reach positive and profitable outcomes.
- Notifies agencies of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
- Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.
- Markets products and services through agencies or through the brokerage community and makes field visits.
- Develops and maintains agency and/or broker relationships.
- May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities.
- Keeps current on state/territory issues and regulations, industry activity and trends and freely shares information with others.
- Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
- Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.
Benefits
- 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 .
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
