Underwriter (Small Commercial Surety) – UND0002YC
Under broad supervision responsible for underwriting risks on small accounts of a Surety book of business. Works within limited authority on assignments of moderate technical complexity. Utilizes underwriting policies and guidelines rating manual rules and insurance laws and regulations.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Reviews applications and financial requirements for risks requiring moderate technical underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards.
- Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration of applicant documentation business factors and competitive situations.
- Prepares quotes and answers questions from agencies internal and external contacts and escalates issues as necessary.
- Prepares written communication on adverse underwriting decisions rate appeals underwriting requirements status and declinations. Verbally notifies agents of decisions where appropriate in order to ensure clear understanding of the decision.
- Analyzes quality quantity and profitability of risks underwritten and prepares reports for management review.
- May assist in marketing products and services through agencies or through the brokerage community and makes field visits.
- Develops and maintains positive agency and/or broker relationships to ensure positive outcomes.
- Keeps current on state/territory issues regulations and trends.
- Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.
- Develop proficiency in all relevant CNA systems. Also may update the underwriting systems.
Supervisor or above
Skills Knowledge and Abilities
- Knowledge of underwriting and insurance industry theories and practices.
- Developing technical expertise and negotiation skills.
- Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNA’s internal and external business partners.
- Ability to work independently.
- Strong ability to identify analyze and solve problems as well as the ability to learn rapidly adapt quickly to change and to manage and prioritize multiple concurrent projects.
- Ability to exercise independent judgment and make sound business decisions effectively.
- Knowledge of Microsoft Office Suite as well as other business-related software.
- Demonstrated leadership skills
Education and Experience
- Bachelor’s degree in business, finance and/or accounting or equivalent experience.
- Completion of a formal underwriting training program or minimum one year underwriting experience.
EEO Statement: CNA is an Equal Opportunity Employer committed to a diverse work culture. M/F/D/V.
Primary Location: United States