CNA Financial Corporation

Commercial Mid-Market Leader (Central Region)

CNA Financial Corporation$110K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a related discipline or equivalent experience.
  • Minimum of 10 years of related work experience.
  • At least 5 years of management experience.
  • In-depth technical knowledge of insurance underwriting theories and practices.
  • Chartered Insurance Professional (CIP) or other insurance designations preferred.

Responsibilities

  • Implement strategic objectives and underwriting strategies with a significant impact on product line success.
  • Ensure profitability, growth, and operational efficiencies through risk assessment and market analysis.
  • Evaluate underwriting performance and develop resolutions based on financial analysis.
  • Monitor usage and profitability of pricing programs.
  • Drive adherence to underwriting authority and compliance standards.
  • Collaborate with partners in Risk Control, Actuarial, and Claims to ensure governance related to underwriting practices.
  • Guide the development of underwriting training tools.

Benefits

  • Professional development opportunities including training tools.
  • Opportunities for leadership and team management.
  • Collaborative work environment with cross-department partnerships.
Full Job Description
Officer position responsible for providing overall underwriting excellence through management for a product line or segment. Ensures effective management and implementation of strategic objectives and policies for a product line or segment, in accordance with the company's strategic plans.

JOB DESCRIPTION:

Essential Duties & Responsibilities
• Implements strategic objectives, underwriting strategies and best practices with substantial impact on the short-term success of a product line or segment.
• Ensures the achievement of continued profitability, growth and/or operational efficiencies for a product line or segment through assessment of risk tolerance, market appetite and emerging risk issues.
• Evaluates underwriting performance based on financial analysis. Includes rate, reserve adequacy, operational, planning and product reviews. Provides results to members of the underwriting management team and develops plans to resolve issues.
• Monitors the usage and profitability of alternative pricing programs.
• Drives adherence to underwriting authority delegation, audit criteria and catastrophe management for a product line or segment.
• Collaborates with business partners in Risk Control, Actuarial, Claim, Operations and Compliance to address governance and compliance issues related to underwriting practices.
• Provides guidance and direction in the development of underwriting and training tools.
• May lead, direct and have full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with strategic direction.
• May take lead responsibility for the development of underwriting strategies and position papers for emerging issues when assigned.
• May maintain relationships with branches, brokers, agents and customers to assess risk tolerance, market appetite and emerging issues.

Skills, Knowledge and Abilities
• In-depth technical knowledge of underwriting theories and practices within the insurance field.
• Ability to effectively interact and communicate with all levels of external and/or internal business partners within scope of responsibility, team and/or matrix environment.
• Leadership and management skills, demonstrating integrity and professionalism.
• Ability to drive results by identifying, and resolving problems within scope of responsibility.
• Knowledge of the insurance industry, its products and services.
• Knowledge of Microsoft Office Suite and other business-related software.

Education and Experience
• Bachelor's degree in a related discipline, or equivalent.
• Typically a minimum of 10 years of related work experience, with five years management experience.
• Chartered Insurance Professional (CIP) or other insurance designations preferred.

About CNA Financial Corporation

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; and commercial property, general liability, cyber liability, umbrella, and excess liability, as well as various other property and casualty coverages for healthcare institutions, professional services firms, and other specialized industries. The company also provides warranty and service contracts for consumer goods, and extended service contracts for consumer automobiles and recreational vehicles; and accident and health, and group life insurance products. In addition, it offers management and professional liability insurance and risk management services, as well as other specialized property and casualty coverages to various healthcare organizations, including hospitals, physician groups, and nursing homes. The company markets its products through independent agents, brokers, and general underwriters to various customers, including small, medium, and large businesses; insurance companies; associations; and other industry groups. CNA Financial Corporation was founded in 1853 and is headquartered in Chicago, Illinois.
Learn more about CNA Financial Corporation
Size
5,600 employees
Market Cap
$11.2 billion
Industry
Net Income
$690 million
Founded
1973
5 Year Trend
+4.7%
Revenue
$10.8 billion
NASDAQ

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