CNA Financial Corporation

VP, Territory Distribution Leader

CNA Financial Corporation$194K — $308K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required; Master's preferred in a related field.
  • 15+ years of experience in underwriting, sales, marketing, and distribution management.
  • Expertise in insurance distribution and related fields required.
  • Professional certifications in relevant areas are preferred.
  • Expert communication and leadership skills necessary. Supervision of a team involved.

Responsibilities

  • Engage with regional field leaders and collaborate with business unit resources for local office operations.
  • Ensure production and profitability goals are met by coordinating with National Distribution executives.
  • Align target appetites of CNA business units with the broker's books of business to drive profitable growth.
  • Generate prospects that fit strategic appetites, while building strong relationships with key agents and brokers.
  • Maintain a strong understanding of business appetites and broker portfolios to maximize prospect flow to CNA.
  • Monitor and report on key performance indicators to achieve annual profitability goals.
  • Lead and manage the team with a focus on talent management and succession planning.

Benefits

  • Comprehensive and competitive benefits package.
  • Support for employee physical, financial, emotional, and social wellbeing.
  • Family members also have access to benefits.
  • Additional resources for personal and professional development available.
Full Job Description
This officer position is responsible for achieving the overall profitability and production goals for an assigned territory within the Northeast region across all business units, working closely with the business unit leaders and underwriters whose products are transacted in the territory.

This role is based in our New York City office location.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:
  • Engages with and works for the Regional Field Leader and collaborates with Business Unit resources relative to any local offices that nationally represented brokers have in their region.
  • Collaborates with National Distribution executives to ensure annual production and profitability plans are met.
  • Responsible for ensuring alignment between all CNA business units' target appetites and the books of business of agents/brokers in their territory to maximize our profitable growth opportunities.
  • The role generates prospects for assigned territory to match the business's core strategic appetite to that of the agents/brokers in their territory. Accountable for creating and maintaining relationships with key agents and brokers in assigned territory.
  • The position must have a strong understanding of the company's long term business appetite and how that aligns with the business of agents/brokers in the territory. Top Executive levels dictate the appetite, underwriting authority and have full underwriter oversight,
  • Understands the portfolios, expertise and servicing needs of agents/brokers in the region to maximize the flow of prospects towards CNA and to ensure all agents and brokers domiciled in the territory meet their production and profitability of annual plans for all lines of business.
  • Regular reporting and monitoring of key performance indicators required to ensure achievement of annuals profitability goals.
  • May lead, direct and has full management accountability for staff in area with an emphasis on talent management and succession planning in accordance with corporate strategic direction.


May perform additional duties as assigned.

Reporting Relationship

Typically SVP or above

Skills, Knowledge & Abilities

1. Specialist in their discipline, professional field or formal body of knowledge and expert understanding of the critical issues in related areas pertaining to insurance distribution.
2. Expert communication skills which are critical to building consensus across area of influence (external and/or internal relationships), team, matrix and/or hybrid environment.
3. Leadership and management skills demonstrating integrity and professionalism.
4. Proven ability to drive sales results by identifying and resolving significant problems within scope of responsibility.
5. Expert level knowledge of the insurance industry, its products, and services.
6. Advanced knowledge of Microsoft Office Suite and other business-related software.

7. Expert sales and negotiating skills with proven experience managing a large book of business

Education & Experience

1. Bachelor's degree with Master's preferred in a related discipline, or equivalent.
2. Typically a minimum of 15 years of related underwriting, sales, marketing and distribution management experience.
3. Applicable professional certifications preferred.

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 $194,000 to $308,000 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. For a detailed look at CNA's benefits, please visit cnabenefits.com.

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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