Underwriting Trainee - Surety

CNA Insurance

21h•Hybrid

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. 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. For a detailed look at CNA’s benefits, check out our Candidate Guide. Under close supervision, learns underwriting practices by participating in formal or on-the-job training for a specified period of time. At CNA, we are focused on success, individually and collectively. We pride ourselves on promoting a culture that challenges and engages people. We strive to connect people, departments and business areas, to function as a team, and to serve our customers and communities with professionalism and respect. Our dedication to employee engagement, continuous learning and the open exchange of ideas is the cornerstone of our business. These ideals, combined with our focus on the customer, enable us to explore new market opportunities and build on our success. Our values, culture and financial strength are what differentiates us from other employers and make CNA the place you want to work. At CNA, we are committed to advancing a culture of inclusion – one that attracts talent from all walks of life, fosters respect and collaboration, and enables all of our colleagues to do their best work. At CNA, we have a long standing commitment to the diverse communities in which we live and work. We actively make a difference for the greater good through partnerships, sustainability, initiatives, and working together for a better tomorrow. Corporate Social Responsibility is not one person, or one department, it's the entire enterprise coming together to make the world a better place.

Requirements

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.

Nice To Haves

Bachelor's degree preferred or equivalent experience.

Responsibilities

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.
Carries out responsibilities consistently, dependably and accurately.
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.