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CNA
Chicago, Illinois, United States
(on-site)
Posted
14 hours ago
CNA
Chicago, Illinois, United States
(on-site)
Job Type
Full-Time
Underwriting Consultant, Equip Breakdown/Property
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Underwriting Consultant, Equip Breakdown/Property
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Description
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.JOB DESCRIPTION:
Joining the National Accounts Property Equipment Breakdown unit as an Underwriting Consultant, you will be responsible for underwriting risks in a book of business, working within specific limits of authority on assignments requiring significant technical complexity and coordination. You will utilize underwriting policies and guidelines, rating manual rules and insurance laws and regulations.
This position will have a heavy emphasis on new business production for highly complex monoline Equipment breakdown accounts. Recognized as a technical expert in an underwriting specialty, you will drive business results through strong sales, face-to-face marketing and relationship building skills with external Brokers, Agents and Producers along with cross-selling opportunities through internal business partners (local Branch and Home Office teams).
Ideally, this position works hybrid, 4-days per week market facing model, from our office in Chicago, IL; however, we are open to considering candidates across the Midwest and West coast.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Works on highly complex underwriting risks employing diagnostic and systematic analysis to assess acceptability.
- Determines appropriate pricing of complex risks for assigned book of business based on financial and competitive analysis in line with compliance requirements and with little oversight needed from superiors.
- Makes recommendations on underwriting policy and pricing strategy.
- Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management.
- Markets products and services through agencies or through the brokerage community and make field visits.
- Develops and maintains agency and/or broker relationships with large producers within the assigned territory to reach positive and profitable outcomes on complex, high-risk business.
- Keeps current on state/territory issues and regulations, industry activity and trends. May participate in industry trade groups.
- Mentors and guides less experienced underwriters and assist in the development of underwriting training.
- Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
- Responsible for special underwriting projects and presentations.
Reporting Relationship
Manager or above
Skills, Knowledge and Abilities
1. Advanced technical expertise, underwriting skill and high level of knowledge of insurance and underwriting principles, practices and procedures.
2. Strong communication, negotiation and presentation skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
3. Advanced analytical and problem-solving skills, with the ability to manage and prioritize multiple projects.
4. Ability to deal with ambiguous situations and issues.
5. Creativity in resolving unique and challenging business problems.
6. Knowledge of Microsoft Office Suite and other business-related software.
7. Demonstrated leadership skills.
Education and Experience
1. Bachelor's degree or equivalent experience. Professional designations preferred.
2. Typically, a minimum of 5+ years underwriting experience in equipment breakdown, preferred, or property.
As determined by CNA and depending on the applicant's experience and/or qualifications, candidates may be hired into one of three Underwriter positions: Underwriting Specialist, Underwriting Consultant, or Underwriting Consulting Director. Typically, 3-10+ years of related experience.
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I n certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia , California, Colorado, Connecticut, Illinois , Maryland , Massachusetts , New York and Washington, the national base pay range for this job level is $72,000 to $141,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees - and their family members - achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA's benefits, please visit cnabenefits.com .
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 .
Requisition #: R-6925
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Job ID: 82109701

CNA
Insurance
Our History
Since 1897, CNA has been providing outstanding service and an ongoing commitment to building long-term relationships, earning us a reputation for being a carrier that inspires trust. At CNA, we take pride in our ability to offer innovative products and services that meet the evolving needs of our customers and business partners alike.
As the 7th largest U.S. commercial insurer and the 13th largest U.S. property & casualty insurer, we provide insurance protection to more than one million businesses and profess...
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