AVP, Underwriting - National Accounts Property (Structured Risk)

Continental Casualty Company
Chicago, IL Full Time
POSTED ON 5/18/2024
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 CNA’s benefits, check out our Candidate Guide. Officer position responsible for providing overall underwriting direction and execution for National Accounts Property Structured Risk business in the Central region. Leads a territory of underwriters and ensures effective management to drive underwriting excellence and implementation of strategic objectives and policies for large property business unit, in accordance with the company’s strategic plans. The National Accounts Property (NAP) business unit offers policy holder’s 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). NAP consists of four sub-business units: • Structured Risk – Ground Up and Large Quota Share Placements • Risk Management – Retail Broker driven Shared & Layered Placements • E&S Select Risk – Wholesale Broker driven Shared & Layered Placements • Equipment Breakdown JOB DESCRIPTION: Essential Duties & Responsibilities Performs a combination of duties in accordance with departmental guidelines: Implements strategic objectives, underwriting strategies, operational plans and best practices with substantial impact on the short-term success of a product line or segment. Ensures the achievement of continued profitability, growth and/or operational efficiencies for large property business through assessment of risk tolerance, market appetite and emerging risk issues. Leads, directs and has full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with strategic direction. Manages performance, execution of underwriting strategies and guidelines and external visibility. Evaluates underwriting performance based on financial analysis. Includes rate, reserve adequacy, operational, planning and product reviews. Provides results to members of the underwriting management team and develops plans to resolve issues. Monitors the usage and profitability of alternative pricing programs. Drives adherence to underwriting authority delegation, audit criteria and catastrophe management for large property. Collaborates with CNA field and business unit leaders across the company to promote one CNA with key distribution partners and cross-sell opportunities. Maintains relationships with brokers, agents and customers to assess risk tolerance, market appetite and emerging issues. Collaborates with business partners in Risk Control, Actuarial, Claim, Operations and Compliance to address governance and compliance issues related to underwriting practices. Provides guidance and direction in the development of underwriting and training tools in partnership with Global Property Organization. May take lead responsibility for the development of underwriting strategies and position papers for emerging issues when assigned. May perform additional duties as assigned. Reporting Relationship Typically VP and above Skills, Knowledge & Abilities 1. In-depth technical knowledge of underwriting theories and practices within the insurance field. 2. Ability to effectively interact and communicate with all levels of external and/or internal business partners within scope of responsibility, team and/or matrix environment. 3. Leadership and management skills, demonstrating integrity and professionalism. 4. Ability to drive results by identifying, and resolving problems within scope of responsibility. 5. Knowledge of the insurance industry, its products and services. 6. Knowledge of Microsoft Office Suite and other business-related software. Education & Experience 1. Bachelor’s degree with Master’s preferred in a related discipline, or equivalent. 2. Typically a minimum of 10 years of related work experience, with five years management experience. #LI-AN1 #LI-hybrid CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact leaveadministration@cna.com. At CNA, we are focused on success, individually and collectively. We pride ourselves on promoting a culture that challenges and engages people. We strive to connect people, departments and business areas, to function as a team, and to serve our customers and communities with professionalism and respect. Our dedication to employee engagement, continuous learning and the open exchange of ideas is the cornerstone of our business. These ideals, combined with our focus on the customer, enable us to explore new market opportunities and build on our success. Our values, culture and financial strength are what differentiates us from other employers and make CNA the place you want to work. CNA is committed to fostering a diverse and inclusive culture grounded in equity that supports our organization, clients, and communities by prioritizing talent and programs that represent our current environment and empower all employees and partners to be active allies and advocates for equality. Globally, our Employee Resource Groups — Advocacy for Visible & Invisible Disabilities (AVID), Asian Professionals for Excellence (APEX), Empowering Black Professionals (EBP), Generational Perspectives (GP), Organization of Hispanics and Latine Americanos (¡OHLA!), Pride, Women Impacting Leadership (WIL) and Veterans — make CNA, and our communities, even stronger. At CNA, we have a long standing commitment to the diverse communities in which we live and work. We actively make a difference for the greater good through partnerships, sustainability, initiatives, and working together for a better tomorrow. Corporate Social Responsibility is not one person, or one department, it's the entire enterprise coming together to make the world a better place.

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