CNA Financial Corporation

Underwriting Consultant, Wholesale Aging Services

CNA Financial Corporation • $72K — $141K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent experience; professional designations preferred.
  • Minimum of eight years underwriting experience.
  • Advanced knowledge of insurance and underwriting principles.
  • Strong communication, negotiation, and presentation skills.
  • Advanced analytical and problem-solving abilities.

Responsibilities

  • Manage a highly complex book of underwriting business with minimal oversight.
  • Conduct detailed assessments of complex underwriting risks and develop specialized endorsement language.
  • Determine pricing for complex risks based on financial analysis and compliance requirements.
  • Make policy recommendations and pricing strategies based on analytical findings.
  • Build and maintain effective relationships with large producers and agencies in the territory.
  • Stay updated on industry trends, regulations, and territory-specific issues.
  • Mentor junior underwriters and support their professional development.

Benefits

  • Opportunity for advanced technical expertise in underwriting specialties.
  • Engage with industry trade groups for networking and learning.
  • Flexibility in working environment with a hybrid option available.
  • Participation in special underwriting projects and presentations.
Full Job Description
Individual contributor responsible for the overall management, business development, analysis and monitoring of a highly complex book of business. Recognized as a technical expert in an underwriting specialty. Under general management direction, works within broad limits of authority on assignments requiring a high degree of technical complexity and coordination. May have regional, industry segment or company-wide scope.

JOB DESCRIPTION:

Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
Works on highly complex underwriting risks employing diagnostic and systematic analysis to assess acceptability. Develops specialized endorsement language for highly complex risk.
Determines appropriate pricing of complex risks for assigned book of business based on financial and competitive analysis in line with compliance requirements and with little oversight needed from superiors.
Makes recommendations on underwriting policy and pricing strategy.
Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management.
Markets products and services through agencies or through the brokerage community and makes field visits.
Develops and maintains agency and/or broker relationships with large producers within the assigned territory to reach positive and profitable outcomes on complex, high-risk business.
Keeps current on state/territory issues and regulations, industry activity and trends. May participate in industry trade groups.
Mentors and guides less experienced underwriters and assists in the development of underwriting training.
Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
Responsible for special underwriting projects and presentations.


Reporting Relationship
Manager or above


Skills, Knowledge and Abilities
1. Advanced technical expertise, underwriting skill and high level of knowledge of insurance and underwriting principles, practices and procedures.
2. Strong communication, negotiation and presentation skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
3. Advanced analytical and problem solving skills, with the ability to manage and prioritize multiple projects.
4. Ability to deal with ambiguous situations and issues.
5. Creativity in resolving unique and challenging business problems.
6. Knowledge of Microsoft Office Suite and other business-related software.
7. Demonstrated leadership skills.


Education and Experience
1. Bachelor's degree or equivalent experience. Professional designations preferred.2. Typically a minimum eight years underwriting 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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