Job Description

JOB DESCRIPTION

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Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

  • Reviews applications and financial requirements for risks requiring moderate technical underwriting skills. Determines acceptability of 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 quotes and answers questions from agencies, internal and external contacts and escalates issues as necessary.

  • Prepares written communication 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 the decision.

  • Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.

  • May assist in marketing products and services through agencies or through the brokerage community and makes field visits.

  • Develops and maintains positive agency and/or broker relationships to ensure positive outcomes.

  • Keeps current on state/territory issues, regulations and trends.

  • Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.

  • Develop proficiency in all relevant CNA systems. Also, may update the underwriting systems.

    • Skills, Knowledge & Abilities

    1. Advanced knowledge of underwriting and insurance industry theories and practices.
    2. Demonstrated high level of technical expertise and product specific knowledge of MPL, Tech E&O and Cyber .
    3. Strong interpersonal, communication and negotiation skills. Ability to effectively interact with all levels of CNA's internal and external business partners. 
    4. Ability to work independently.
    5. Strong analytical and problem solving skills. 
    6. Ability to exercise independent judgment and to make critical business decisions effectively.
    7. Knowledge of Microsoft Office Suite as well as other business-related software.
    8. Demonstrated leadership skills.

    Education & Experience

    1. Bachelor's degree or equivalent experience. Professional designations preferred.
    2. Typically a minimum three to five years underwriting experience.
    **Title of the role is subject to change based on experience to one of the following titles: Underwriting Specialist or Underwriting Consultant**

    In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia,California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $54,000 to $103,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.

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