AVP Construction Industry Leader - West-UND0003OD

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The AVP Construction Industry Leader - West has overall responsibility to lead the Western territory for Construction segment to achieve the planned financial outcome.  This leader will have demonstrated executive presence and brand in Construction, specifically within the Top 6 distribution firms who control Construction revenue.  The AVP will strategically develop campaigns that cut across multiple disciplines and multiple products to package a seamless proposition that will resonate with Construction specific brokers and customers.  They have accountability for defining segment space and target appetite and capacity to serve this segment within the west territory.  Other duties include:

  1. Ownership to develop, innovate and define value propositions that will be reflective of the territory.
  2. Develops, leads and executes strategies that optimizes profit growth and appropriate rate/account retention .
  3. Leads the team with regard to research and development of competitive intelligence. For example, emerging Technology, emerging Construction sectors, and how they may be a change advocate by uniquely understanding the exposures.
  4. Stays current with economic factors affecting the industry and makes strategic adjustments as appropriate.
  5. Leads and executes profit improvement measures as needed.
  6. Interfaces with and provides direction with Shared Service and Support units to deliver value across the supply chain.
  7. Ensure the appropriate pricing and analytics are in place that optimizes the profitability of the segment.
  8. Experience working with loss sensitive programs structures including deductible, retro and captive insurance programs. 
  9. Develop and maintain relationships with Global and National Construction brokers.
  10. Takes ownership of client relationship management for significant customers.
  11. Actively engaged in the Construction and Insurance Industry with thought leadership driving visibility and market presence.
  12. Develop industry and technical expertise with field underwriters.
  13. Identify and develop broker relationships with significant market share in Construction.
  14. Monitor specific industry related competitor activity and competitive landscape to ensure real time differentiation of the CNA Construction value proposition.

Job Summary
Officer position responsible for providing overall underwriting excellence through management for an industry. Ensures effective management and implementation of strategic objectives and policies for an industry segment in accordance with the company's strategic plans.

Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

  1. Implements strategic objectives underwriting strategies and best practices with substantial impact on the short-term success of an industry segment.
  2. Ensures the achievement of continued profitability growth and/or operational efficiencies for an industry segment through assessment of risk tolerance market appetite and emerging risk issues.
  3. 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.
  4. Monitors the usage and profitability of alternative pricing programs.
  5. Drives adherence to underwriting authority delegation audit criteria and catastrophe management for an industry segment.
  6. Collaborates with business partners in Risk Control Actuarial Claim Worldwide Operations and Compliance to address governance and compliance issues related to underwriting practices.
  7. Provides guidance and direction in the development of underwriting and training tools.
  8. May lead direct and have full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with strategic direction.
  9. May take lead responsibility for the development of underwriting strategies and position papers for emerging issues when assigned.
  10. May maintain relationships with branches brokers agents and customers to assess risk tolerance market appetite and emerging issues.

May perform additional duties as assigned.

Reporting Relationship
Typically VP and above

Skills Knowledge and 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 and 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. 3. Chartered Property Casualty Underwriter (CPCU) roles.

 

 

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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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