Underwriting Specialist

Overview

CNA is a leading provider of insurance solutions. We strive to create a culture where employees can grow and develop their skills.

Salary

The estimated salary for this role is $64,000 to $84,000 annually, based on factors such as relevant work experience, skills, certifications, and location. CNA offers a comprehensive benefits package to support the well-being of our employees.

Job Description

As an Underwriting Associate at CNA, you will play a key role in underwriting risk for the underwriting lifecycle. You will work under broad supervision, responsible for underwriting risk for renewal and new business within limited authority. You will partner with Underwriters on all aspects of the Underwriting function, providing necessary information for prudent underwriting decisions.

You will perform a combination of duties, including:

1. Performing underwriting analysis and documentation to determine acceptability of risk in accordance with company guidelines and standards for renewal and new business within assigned Letter of Underwriting Authority.
2. Handling endorsement requests within delegated authority, referring endorsements outside of authority to underwriter with recommended action.
3. Handling assigned renewal book within assigned authority, demonstrating ability to triage renewal applications/specs and formulate next steps for the underwriter with outlined changes or points of attention for accounts outside authority.
4. Working as a liaison within the branch, or across CNA to resolve issues (billing and collections, risk control, underwriting guidance from cabinet members, line of business, underwriting services subject matter experts).
5. Documenting assigned files ensuring completeness, compliance, and quality (correspondence, proposals, endorsements, cancellations, etc.).
6. Executing on advanced pricing strategy (i.e. business unit pricing tools) on behalf of the Underwriter in compliance with regulatory and CNA specific underwriting strategies, demonstrating ability to document pricing rationale.
7. Completing quote proposals and negotiating with external partners within assigned authority.
8. Leveraged as the first-line point of contact to the producers/customers on account related matters, proactively identifying opportunities for up sell or account rounding.
9. Assist in marketing products and services through external partners and makes field visits.
10. Expert on systems and workflows, serving as a resource to others (train, problem solver, coach ) and conduit for feedback to internal underwriting partners.
11. Keeps current on line of business strategy, state/territory issues, regulations and trends.

Required Skills and Qualifications

To succeed in this role, you will need:

• Knowledge of Property and Casualty underwriting including insurance products, policy processing procedures and documentation.
• Strong time management, and analytical skills.
• Strong interpersonal and communications skills, ability to effectively interact with all levels of CNA's internal and external business partners.
• Demonstrated ability to work independently on multiple tasks.
• Strong capability to advise and coach others.
• Demonstrated customer service experience and ability to interact with a wide-variety of people on a daily basis in person, via telephone and email.
• Strong knowledge of Microsoft Office Suite as well as other business-related software.

Benefits

CNA offers a comprehensive benefits package to help our employees achieve their physical, financial, emotional and social wellbeing goals. For more information, please visit cnabenefits.com.