Underwriter (Small Commercial Surety) – UND0002YC


Job Summary
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.

Reporting Relationship

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.

Job Underwriting

Primary Location: United States

Organization Surety