Underwriter - Management Liability (Private/Non-Profit)-UND0003KU

| Chicago
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Job Summary

 

 

Under broad supervision, responsible for underwriting risks in a book of business. Works within limited authority on assignments of moderate technical complexity. 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:

 

1. Reviews applications and financial requirements for risks requiring moderate technical underwriting skills.  Determines acceptability of risk in accordance with company guidelines and standards.

 

2. Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration of applicant documentation, business factors and competitive situations.

 

3. Prepares quotes and answers questions from agencies, internal and external contacts and escalates issues as necessary.

 

4. Prepares written communication on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.  Verbally notifies agents of decisions where appropriate in order to ensure clear understanding of the decision.

 

5. Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.

 

6. May assist in marketing products and services through agencies or through the brokerage community and makes field visits.

 

7. Develops and maintains positive agency and/or broker relationships to ensure positive outcomes.

 

8. Keeps current on state/territory issues, regulations and trends.

 

9. Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.

 

10. Develop proficiency in all relevant CNA systems.  Also, may update the underwriting systems.

 

May perform additional duties as assigned.

 

Reporting Relationship

Supervisor or above 

 

Skills, Knowledge & Abilities

1. Knowledge of underwriting and insurance industry theories and practices.  

2. Developing technical expertise and negotiation skills. 

3. Strong interpersonal and communication skills.  Ability to effectively interact with all levels of CNA's internal and external business partners. 

4. Ability to work independently. 

5. Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, and to manage and prioritize multiple concurrent projects. 

6. Ability to exercise independent judgment and make sound 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. 

2. Completion of a formal underwriting training program or minimum one year underwriting experience.

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Technology we use

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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 Benefits
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 Benefits
Generous parental leave
Family medical leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid holidays
Paid sick days
Office Perks
Relocation assistance
Onsite gym
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Online course subscriptions available

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