Underwriting Specialist - Contract Surety

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.

For a detailed look at CNA’s benefits, check out our Candidate Guide . Under technical direction, responsible for underwriting risks in a Surety book of business.

Responsibilities

• Works within specific limits of authority on assignments requiring significant technical complexity and coordination.
• 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 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.

Requirements

• Reporting Relationship Manager or Director Skills, Knowledge and 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 and Experience 1.
• Bachelor's degree or equivalent experience.
• Professional designations preferred.
• Typically a minimum three to five years underwriting experience. Title is subject to change based on experience and skillset.

Benefits

• 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.

Alternate titles include the following

"Underwriter" or "Underwriting Consultant" #LI-KE1 #LI-Hybrid CNA utilizes AI-enabled technology during the recruiting process. For more information, please visit our careers page . CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected]