Underwriting Specialist, Cyber

CNA•New York, NY

20h•Hybrid

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. The position also markets CNA products and services, builds agency and broker relationships, and collaborates with other underwriters and functional areas.

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, with the ability to interact effectively with all levels of internal and external business partners.
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 according to 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 and compliance requirements.
Prepare quotes and respond to questions from agencies, policyholders, and other external contacts; escalate issues and proposed solutions to management when needed.
Negotiate with agents to reach positive and profitable outcomes.
Notify agencies of adverse underwriting decisions, rate appeals, underwriting requirements, status updates, 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/or broker relationships.
Provide guidance and assistance to other underwriters and functional areas, particularly on cross-sell opportunities.
Keep 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 limits or requiring special handling.