Audit Consultant - Specialty Underwriting

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Job Summary
Manage and conduct independent underwriting audits for Specialty underwriting operations, including Professional Lines underwriters of Business, all Specialty Products, and producers with delegated underwriting authority. Summarizes findings in audit reports and provides recommendations to the affected business and corporate underwriting. Follows-up on all recommendations until resolution of the audit subject matter is achieved satisfactorily. Work will encompass the development and management of Specialty projects derived from audit findings.
Essential Duties & Responsibilities:

  • Plan and establish audit schedules assuring all underwriting operations are audited on an agreed time-line.
  • Review files, analyzing quality and selection, quoting, pricing, and insurance of new and renewal business to determine if it follows the Company's current underwriting guidelines.
  • Maintain internal audit standards and procedures, including documentation, auditing criteria, forms, and specific areas to be covered.
  • Maintain appropriate audit criteria based upon specific underwriting authority delegated to each subsidiary and their respective underwriters, including employees, contractors, or producers that may hold underwriting authority such as classes of business, limits of insurance, pricing, and policy terms and conditions.
  • Write audit reports, including findings and recommendations, and have them reviewed and signed off by the business leader.
  • Work with underwriting operations to develop responses and necessary actions responsive to audit findings.
  • Maintain written responses to audit findings and follow-up until all issues have been resolved.
  • Actively look for opportunities and recommend efficiencies to improve underwriting performance and processes.


Skills and Knowledge Required:

  • Capable of effectively reviewing and auditing financial and other files and making decisions from the findings.
  • Knowledge of the underwriting function and insurance coverages, underwriting process, and compliance procedures for our chosen markets.
  • The ability to be a critical thinker to identify and analyze exposures, recognize areas of concern, and develop appropriate solutions.
  • Ability to maintain strong working relationships and work in a collaborative environment
  • Demonstrates effective organization and workload management skills.
  • Strong attention to detail.
  • Strong analytical skills required.
  • Proven ability to work independently.
  • Ability to travel determined by business needs.


Education & Experience Required:

  1. Bachelor's degree required or a combination of intermediate to complex account underwriting experience and specialized industry training.
  2. Minimum of 5 years' experience in an Underwriting position within property/casualty insurance.
  3. Knowledge of the property and casualty industry is required, with knowledge of surplus and specialty lines preferred.


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Technology we use

  • Engineering
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Location

Located in the heart of the loop, CNA’s headquarters are at 151 N Franklin. With close proximity to both L and Metra stations.

An Insider's view of CNA

How would you describe the company’s work-life balance?

Work-life balance has always been a priority for me. It always will be. CNA’s hybrid working model allows me to not only maximize collaboration with my peers but also take advantage of increased flexibility by combining remote and in-office work. I’m empowered to take control of my schedule based on what works best for me and my team.

Alison Massey

Agile Scrum Master Consultant

How does the company support your career growth?

Throughout my five-year career, I’ve seen CNA value creating thinking and continuous learning. My managers actively encourage me to pursue rewarding professional development opportunities. Those opportunities have had a direct impact on my career growth. At CNA, the opportunities are endless and your career aspirations matter.

Alaina Cole

Underwritting Specialist

What unique initiatives do you have that encourage innovation?

We have an Innovation program and team that designs processes to encourage creative thinking and capture ideas across CNA. In addition to collaborating with and learning from world-class technology partners, we also host events such as our Innovation Summit and Hackathon, which bring winning competition ideas to life in real products and services.

Keith Zhang

Architecture Consulting Director

What's the biggest problem your team is solving?

A primary focus of my team is reducing the time-to-market associated with machine learning models. By leveraging cutting-edge cloud services and streamlining processes, we’re enhancing the model development lifecycle. That enhancement allows us to use efficient, effective predictive analytics when making business decisions.

Ryan Gulden

Senior AI/ML Engineer

What are CNA Perks + Benefits

CNA Benefits Overview

One of the many advantages of working at CNA is the benefits program we offer you and your eligible dependents,
beginning on the first day of your employment. The program features a variety of plans that provide health care
benefits, well-being, disability and survivor protection, and 401(k) savings, among others. Below are highlights
of the offerings.

Culture
Volunteer in local community
Partners with nonprofits
Open door policy
OKR operational model
Open office floor plan
Flexible work schedule
Remote work program
Diversity
Dedicated diversity and inclusion staff
Diversity employee resource groups
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Wellness programs
Financial & Retirement
401(K)
401(K) matching
Company equity
Employee stock purchase plan
Performance bonus
Charitable contribution matching
Child Care & Parental Leave
Generous parental leave
Family medical leave
Adoption Assistance
Vacation + Time Off
Generous PTO
Paid holidays
Paid sick days
Office Perks
Relocation assistance
Onsite gym
Professional Development
Job training & conferences
Tuition reimbursement
Lunch and learns
Online course subscriptions available

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