Underwriting Specialist(Excess Casualty)

Continental Casualty Company
NY45, US Full Time
POSTED ON 7/26/2022 CLOSED ON 10/28/2022

Job Posting for Underwriting Specialist(Excess Casualty) at Continental Casualty Company

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’s US Insurance Operations (USIO) provides standard lines commercial property and casualty insurance products such as General and Product Liability, Property and Commercial Auto, Workers' Compensation, Umbrella Liability and Excess Liability Coverages to businesses of all sizes. Our Commercial standard lines umbrella and excess team underwrites a diverse mix of business and industry classes including Manufacturing, Distributors, Real Estate, Technology, Retail, Hospitality and Professional Services. Our Excess Casualty Underwriters are high level individual contributors handling lead umbrella and excess accounts, both monoline and over CNA risk management primary accounts. Recognized as technical experts, they drive business results through strong sales, marketing and relationship building skills with external and internal business partners. They are responsible for overall management, business development, growth and profitability of a book business. JOB DESCRIPTION: Essential Duties & Responsibilities Performs a combination of duties in accordance with departmental guidelines: Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. Also, determines the need for additional evidence of insurability and appropriate strategy. Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements. Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary. Negotiates with agents to reach positive and profitable outcomes. Notifies agencies of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations. Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review. Markets products and services through agencies or through the brokerage community and makes field visits. Develops and maintains agency and/or broker relationships. May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities. Keeps current on state/territory issues and regulations, industry activity and trends and freely shares information with others. Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities. Works with more senior underwriters or management on risks exceeding authority level or requiring special handling. Skills, Knowledge & Abilities 1. Advanced knowledge of underwriting and insurance industry theories and practices. 2. Demonstrated high level of technical expertise and product specific knowledge. 3. Strong interpersonal, communication and negotiation skills. Ability to effectively interact with all levels of CNA's internal and external business partners. 4. Ability to work independently. 5. Strong analytical and problem solving skills. 6. Ability to exercise independent judgment and to make critical business decisions effectively. 7. Knowledge of Microsoft Office Suite as well as other business-related software. 8. Demonstrated leadership skills. Education & Experience 1. Bachelor's degree or equivalent experience. Professional designations preferred. 2. Typically a minimum three to five years underwriting experience. Compensation Range $97,000.00 - $121,000.00 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.
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Salary.com Estimation for Underwriting Specialist(Excess Casualty) in NY45, US
$288,823 to $463,034
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