Underwriting Trainee, Inland Marine

CNA Financial-posted 2 months ago
Hybrid • Plano, TX
5,001-10,000 employees
Insurance Carriers and Related Activities
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CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them - and their family members - achieve their physical, financial, emotional and social wellbeing goals. Under close supervision, learns underwriting practices by participating in formal or on-the-job training for a specified period of time.

  • Reviews insurance applications and documentation to determine if the applicant is an acceptable risk in accordance with company guidelines and standards.
  • Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration of applicant documentation, business factors and competitive situations.
  • Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
  • Verbally notifies agents of decisions where appropriate in order to ensure clear understanding of decisions.
  • Uses available underwriting systems and modeling tools; updates the underwriting systems by documenting pertinent information relative to the underwriting requirements, status and final decision.
  • Prepares quotes and answers questions from agencies and internal or external customers, escalating issues to management as necessary.
  • Negotiates with agents to reach positive and profitable outcomes.
  • Makes field visits to Agent and Broker offices to build relationship and better understand territory and market nuances.
  • Accompanies Risk Control on visits to insureds or prospective insureds to better understand risk control assessments relating to risk exposure and control.
  • Interacts with Claim personnel on issues relating to specific claims, and other internal customers such as legal and actuarial concerning the insurability of prospective risks and continued insurability.
  • Develops a working knowledge of product language across all CNA business units, underwriting practices, policies and guidelines.
  • Develops a full, working knowledge of all relevant CNA systems.
  • Strong desire to develop knowledge and understanding of underwriting.
  • Strong verbal and written communication skills with the ability to develop positive business relationships.
  • Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly and adapt quickly to change.
  • Ability to work independently.
  • Developing decision-making skills.
  • Knowledge of Microsoft Office Suite as well as other business-related software.
  • Demonstrated leadership skills.
  • Bachelor's degree preferred or equivalent experience.
  • Based on product line, successful completion of required exams or work towards certification may be required.
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