CNA Financial Corporation

VP, Workers Compensation

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 finance, business, or related field.
  • At least 12 years of relevant experience, including 7 years in management roles.
  • Deep knowledge of Workers Compensation insurance claims processes and legalities.
  • Proven leadership with effective communication and integrity.
  • Expertise in data analytics tools for decision-making.

Responsibilities

  • Drive strategic priorities for Workers Compensation claims management.
  • Provide leadership and cultivate a culture of excellence within the claims organization.
  • Oversee the development and implementation of claims metrics and processes.
  • Manage high exposure claims with timely investigation and evaluation.
  • Lead talent management and succession planning initiatives for staff.
  • Enhance customer experience through corporate initiatives and improvements.
  • Collaborate with underwriting and risk teams on market trends and legal changes.

Benefits

  • Comprehensive benefits package focused on physical, financial, emotional, and social wellbeing.
  • Hybrid work environment flexibility.
  • Opportunities for professional development and continuing education.
  • Participation in industry trade groups and knowledge sharing.
Full Job Description
Officer position responsible for providing overall leadership and direction for loss cost management, and major case oversight and outcome for the Workers Compensation line of business. Formulates strategic priorities and operational objectives for technical claim management and/or processes for the $1.1B portfolio, in accordance with the strategic direction and priorities of the company and Claim organization. Drives efficiencies across the nearly 200 Claims employees within the Workers Compensation line of business located throughout the US with 7hub8 locations in California, Texas, Florida, Illinois, New York and Pennsylvania. JOB DESCRIPTION: Essential Duties & Responsibilities Performs a combination of duties in accordance with departmental guidelines: 3Drives implementation of strategic and operational priorities with significant impact on the short-term success of (technical) claims management for the Workers Compensation line of business to achieve superior total claim outcome and moderate impact on the long-term success of the organization. 3Provides strategic leadership and direction for the management of Workers Compensation claim organization, cultivating a culture of excellence. Champions CNA with an expert level of understanding of the organizations differentiating position in the industry, CNAs products and services, as well as a working knowledge and understanding of competitors products and services. 3Drives the development, implementation and continuous planning, organizing and leading of all claim programs, metrics, processes, results and initiatives. Analyzes and manages human capital metrics to drive increased efficiency and productivity; acts as a liaison to executive management on critical business issues and drives corporate priorities within assigned business segment. 3Provides expert level technical oversight of high exposure claims to ensure files are investigated, evaluated, reserved and managed in a timely manner. 3Will 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 corporate strategic direction. 3Drives for a superior customer experience and continuous improvement through the development and implementation of corporate initiatives involving human capital, processes and technology. Identifies emerging issues and trends that may have substantial impact on CNA profitability and business results. 3Collaborates with underwriting, risk control and actuarial to ensure knowledge sharing on latest trends, market trends, legal changes and loss reserving. Regularly reports on loss trends and exposures to internal and external business partners. 3Remains knowledgeable of current state/territory regulations and issues, industry activities and trends. May represent company in industry trade groups such as NCCI, WCRI and APCIA. 3Create and drive efficiencies throughout the Claim organization. 3Act as an organizational leader by being an active participant in the Extended Claim Leadership Team (ECLT) and the Senior Claims Leadership Team( SCLT). May perform additional duties as assigned. Reporting Relationship Peter McCarron  SVP and Head of P& C Claims Skills, Knowledge & Abilities 3Mastery of Workers Compensation insurance claims principles (legal, operations, practices and procedures) and broad understanding of the critical issues in other related areas. 3Advanced communication skills which are critical to building consensus across area of influence (external and/or internal relationships), team, and/or matrix environment. 3Strong leadership and management skills demonstrating integrity and professionalism. 3Proven ability to drive results by identifying and resolving significant problems within scope of responsibility. 3Senior level knowledge of the insurance industry, its products and services. 3Advanced understanding and usage of data analytics tools. 3Work well independently and as part of a team. 3Knowledge of Microsoft Office Suite and other business-related software. Education & Experience 3Bachelors degree with Masters preferred in finance, business or a related discipline, or equivalent. 3Typically a minimum of twelve years of related work experience, with seven years management experience. 3Applicable certifications preferred. #LI-Hybrid #LI-LG1 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 CNAs benefits, please visitcnabenefits.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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