Underwriting Consultant - Property Shared Layered
Underwriting Consultant - Property Shared Layered
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Job Description
You have a clear vision of where your career can go. And we have the leadership to help you get there.At CNA we strive to create a culture in which people know they matter and are part of something important ensuring the abilities of all employees are used to their fullest potential.
CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them and their family members achieve their physical financial emotional and social wellbeing goals.
For a detailed look at CNAs benefits check out our Candidate Guide.
JOB DESCRIPTION:
The National Accounts Property (NAP) business unit offers coverage solutions for large national and global businesses with unique complex risk profiles to provide customized risk management and insurance solutions via retail and wholesale distribution channels. Our underwriting departments are specialized based on program structure type (ground up vs. shared and layered) and distribution channel (retail vs. wholesale).
The Underwriting Consultant Property (Shared & Layered) is responsible for the overall management business development analysis and monitoring of a highly complex book of business. In this role you will under general management direction work within broad limits of authority on assignments requiring a high degree of technical complexity and coordination.
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 highrisk 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 daytoday 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 CNAs internal and external business partners.
3. Advanced analytical and problemsolving 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 businessrelated software.
7. Demonstrated leadership skills.
Education and Experience
Bachelors degree or equivalent experience. Professional designations preferred.
Typically a minimum eight years underwriting experience.
As determined by CNA and depending on the applicants experience and/or qualifications candidates may be hired into one of three Underwriter positions: Underwriting Specialist Underwriting Consultant or Underwriting Consulting Director. Typically starting at 3 years of related experience.
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CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation please contact.
Required Experience:
Contract
Employment Type
Full-Time
