Underwriting Specialist(Commercial Construction P&C)

CNA Insurance • Tarrytown, NY

1d • $54,000 - $103,000 • Hybrid

About The Position

Underwriting Specialist in Commercial Construction Property & Casualty. Under technical direction, this role underwrites risks in a book of business within defined authority limits, handling assignments that require significant technical complexity and coordination. The position applies underwriting policies and guidelines, rating manual rules, and insurance laws and regulations.

The role evaluates complex applications and financial requirements, determines risk acceptability and pricing, prepares quotes, negotiates with agents, and communicates underwriting decisions and requirements. It also analyzes portfolio quality and profitability, develops agency and broker relationships, keeps current on relevant regulations and industry trends, and uses CNA systems to perform daily work. The specialist may guide other underwriters and works with senior underwriters or management on risks outside their authority or requiring special handling.

Depending on experience and qualifications, candidates may be hired as an Underwriting Specialist or Underwriting Consultant. The described level typically requires three to five years of underwriting experience; the posting also notes typically 3–10+ years of related experience for the two possible positions.

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 three to five years of underwriting experience; the posting also notes typically 3–10+ years of related experience for candidates hired into either Underwriting Specialist or Underwriting Consultant positions.

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 through 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 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.
• 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 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 their family members' physical, financial, emotional, and social wellbeing goals.

What This Job Offers

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