CNA Financial Corporation

Underwriting Consultant, National Accounts Casualty Wholesale

CNA Financial Corporation$72K — $141K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent experience; professional designations preferred.
  • 5+ years of underwriting experience, particularly in complex risks.
  • Proven knowledge of underwriting and insurance industry theories and practices.
  • Demonstrated high level of technical expertise and product-specific knowledge.
  • Strong analytical, problem-solving, and negotiation skills.

Responsibilities

  • Review complex insurance applications and determine risk acceptability based on company guidelines.
  • Conduct pricing analysis aligned with compliance requirements and market conditions.
  • Prepare quotes and engage with external contacts to resolve inquiries and negotiate outcomes.
  • Communicate adverse underwriting decisions and maintain open lines with agencies regarding requirements and status.
  • Analyze the profitability and quality of underwritten risks, preparing reports for management review.
  • Develop and maintain relationships with agencies and the brokerage community to market products effectively.
  • Stay informed on relevant regulations and share knowledge within the team.

Benefits

  • Hybrid working model from the Chicago office.
  • Opportunities for professional development and career growth within the organization.
  • Access to advanced underwriting systems and tools for efficient workflow.
  • Collaboration with a team of high-level experts in the field.
  • Possibility of pursuing additional professional designations.
Full Job Description
JOB DESCRIPTION:

Join this elite team of Excess Casualty Underwriters who are high level individual contributors handling wholesale lead umbrella and excess accounts. Recognized as a technical expert, you will drive business results through strong sales, marketing and relationship building skills with external and internal business partners. You are responsible for overall management, business development, growth and profitability of a book business.

This position works from our office in a hybrid capacity from our office in Chicago, IL.

Essential Duties & Responsibilities
  • Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. Also, determines the need for additional evidence of insurability and appropriate strategy.
  • Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
  • Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary. Negotiates with agents to reach positive and profitable outcomes.
  • Notifies agencies of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
  • Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.
  • Markets products and services through agencies or through the brokerage community and makes field visits. Develops and maintains agency and/or broker relationships.
  • May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities.
  • Keeps current on state/territory issues and regulations, industry activity and trends and freely shares information with others.
  • Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
  • Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.

May perform additional duties as assigned.

Reporting Relationship

Underwriting Director

Skills Knowledge & Abilities
  • Proven knowledge of underwriting and insurance industry theories and practices.
  • Demonstrated high level of technical expertise and product specific knowledge.
  • Strong interpersonal, communication and negotiation skills.
  • Ability to effectively interact with all levels of CNA's internal and external business partners.
  • Ability to work independently.
  • Strong analytical and problem solving skills.
  • Ability to exercise independent judgment and to make critical business decisions effectively.
  • Knowledge of Microsoft Office Suite as well as other business-related software


Education & Experience
  • Bachelor's degree or equivalent experience. Professional designations preferred.
  • Typically a 5+ years underwriting experience.


As determined by CNA and depending on the applicant's experience and/or qualifications, candidates may be hired into one of three Underwriter positions: Underwriting Specialist, Underwriting Consultant, or Underwriting Consulting Director. Typically, 3-10+ years of related experience.

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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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