Underwriting Consultant - Large/Complex Healthcare-UND0003J9
Job Summary
If you're looking for an employer who provides a great place to work and opportunities to grow . . . we can show you more.
Be part of an insurance industry leader that provides coverages and services to healthcare organizations. CNA has more than 50 years of healthcare market experience, and is recognized as the insurance leader for healthcare providers. We offer a breadth of products for healthcare organizations and professional that includes professional liability, property, equipment maintenance warranty program, small business package, and cyber liability/information risk.
CNA operates at the forefront of change, providing tailored coverages and services that allow healthcare organization to focus on what’s important to them – their patients. We offer extensive industry knowledge, valuable insight and core coverages tailored to meet the unique needs of hospitals and health systems, allied health facilities, and physician groups. As an affiliated carrier for eight national healthcare professional associations and co-founder of the National Patient Safety Foundation, we bring extensive industry knowledge, unparalleled experience and solid financial stability to the evolving world of healthcare.
Our culture is geared toward sales execution and customer focus and is complimented by our strong business strategy and underwriting discipline.
Position Summary
CNA has an excellent opportunity for an Underwriting Consultant with experience underwriting Hospitals, Allied Healthcare and Physicians risks. This role is responsible for using technical, sales and analytical skills to provide insurance solutions that help CNA’s customers manage risk. The Underwriter will have a thorough understanding of CNA’s strategies and appetites and will use internal and external data to make appropriate individual and portfolio risk decisions.
The Underwriting Consultant is responsible for the profitable growth of an assigned book of business, utilizing underwriting policies and guidelines, rating manual rules and insurance laws and regulations. The open position will report to the AVP of Large and Complex Risks and is responsible for a book of business working with various healthcare segments.
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. Work with Product Development to draft specialized endorsement language for highly complex risk.
- 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. Partner with actuary and senior leadership on determining appropriate pricing, terms, conditions and structure of proposed programs.
- Makes recommendations on underwriting policy and pricing strategy.
- Analyzes quality, quantity, and profitability of highly complex risks underwritten; consolidates underwriting findings into comprehensive referrals to senior leadership within the parameters of their Letters of Authority.
- Markets products and services through agencies or through the brokerage community and makes field visits. Maintain Branch visibility working with branch leadership and regional underwriters.
- 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.
- Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
- Responsible for special underwriting projects and presentations.
- Conduct external marketing and sales calls with key agency trading partners and current/prospective clients.
May perform additional duties as assigned.
Reporting Relationship
Manager or above
Skills, Knowledge & 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, Excel and other business-related software.
7. Demonstrated leadership skills.
Education & Experience
1. Bachelor's degree or equivalent experience. Professional designations preferred.
2. Typically a minimum eight years underwriting experience.
