Underwriting Associate Manager (Middle Market P&C)
Chicago, IL - USA
Job Summary
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.
JOB DESCRIPTION:
CNAs Commercial Middle Markets team provides standard lines commercial property and casualty insurance products such as General Liability Property Inland Marine Commercial Auto Workers Compensation and Umbrella to businesses of all sizes. Our Middle Markets team underwrites a diverse mix of business and industry classes including Manufacturing Professional Services Financial Institutions Real-estate Distributors Technology Wholesale and Retail. Typical account sizes range from $75000 up to $and over in premium on a multi-line basis.
The UA Manager manages a staff of Underwriting Associates across multiple geographies lines of business segments or industries who are accountable for executing the underwriting life cycle from pre-submission through binding and achieving business results of a renewal book of business through rate achievement retention profitability analysis and portfolio management. Under general management direction works within broad limits of authority requiring a high degree of technical complexity and coordination. May have regional multi-geography industry segment or company-wide scope of responsibility.
Job Summary
Manages a staff of Underwriting Associates across multiple geographies lines of business segments or industries who are accountable for executing the underwriting life cycle from pre-submission through binding and achieving business results of a renewal book of business through rate achievement retention profitability analysis and portfolio management. Under general management direction works within broad limits of authority requiring a high degree of technical complexity and coordination. May have regional multi-geography industry segment or company-wide scope of responsibility.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
Manages the work activities performance and development of subordinate Underwriting Associate (UA) staff responsible for an assigned renewal book of business and/or in support of Underwriters books of business.
Onboards trains coaches and develops UAs; participates in the development of underwriting training and accountable for granting UA with underwriting authority.
Engages with UA and underwriting staff to support the UA as a file lead navigating the underwriting lifecycle from pre-submission policy issuances and renewal ensuring adherence to workflow processes effective communication timeframes for deliverables and service standards are met.
Reviews and manages the application of underwriting policy and pricing for risks; drives adherence to documentation and referral standards and completes file reviews to drive continuous improvement in underwriting quality; provides feedback to business partners as needed.
Demonstrates development of business acumen which contributes to monitoring business results to ensure UA staff is supporting and driving rate retention and other key metrics.
Makes recommendations on workflow underwriting policy and pricing strategy to management. Collaborates with stakeholders such as regional/territory management Operations UW Shared Services for process enhancements and efficiencies.
Develops business report acumen and prepares and presents operational reports to management as needed.
Executes regional/territory initiatives and business strategies ensuring UAs adhere to role responsibilities and process and workflow expectations.
May be responsible for executing on referrals and account rounding activities on new business opportunities for an assigned book of business.
Develops maintains and cultivates territory agency broker and business unit relationships to ensure positive and profitable outcomes.
Keeps current on state/territory issues and regulations industry activity and trends. May participate in industry trade groups.
May perform additional duties as assigned.
Skills Knowledge & Abilities
1. Ability to effectively lead coach and develop Underwriting staff.
2. Advanced technical expertise underwriting skill and knowledge of insurance and underwriting principles practices and procedures.
3. Strong communication negotiation and presentation skills. Ability to effectively interact with all levels of CNAs internal and external business partners.
4. Advanced analytical and problem solving skills with the ability to manage and prioritize multiple projects.
5. Ability to deal with ambiguous situations and issues.
6. Creativity in resolving unique and challenging business problems.
7. Ability to achieve business goals and objectives.
8. Knowledge of Microsoft Office Suite and other business-related software.
Education & Experience
1. Bachelors degree or equivalent experience. Professional designations preferred.
2. Typically a minimum of five years underwriting or equivalent experience.
3. Leadership experience preferred.
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In certain jurisdictions CNA is legally required to include a reasonable estimate of the compensation for this District of Columbia California Colorado Connecticut Illinois Maryland Massachusetts New York and Washington the national base pay range for this job level is $72000 to $141000 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 visit.
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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:
Manager
About Company
CNA provides insurance solutions to more than 1 million businesses and professionals worldwide. With more than 100 years of industry experience, CNA has earned a reputation as one of the most trusted commercial insurance companies in the business. We’re a powerful legacy built on expe ... View more