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Underwriting Associate - Middle Market

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CNA Insurance

2mo ago

Applications are closed

  • Job
    Full-time
    Mid Level
  • Media & Journalism
  • Scottsdale, +2

Requirements

  • Knowledge of Property and Casualty underwriting including insurance products, policy processing procedures and documentation.
  • Strong time management, and analytical skills
  • Strong interpersonal and communications skills. Ability to effectively interact with all levels of CNA’s internal and external business partners.
  • Demonstrated ability to work independently on multiple tasks.
  • Strong capability to advise and coach others.
  • Demonstrated customer service experience and the ability to interact with a wide-variety of people on a daily basis in person, via telephone and email.
  • Strong knowledge of Microsoft Office Suite as well as other business-related software.
  • Education & Experience
  • Bachelor’s degree or equivalent experience.
  • Typically a minimum of three years of related work experience.
  • Education & Experience:
  • Bachelor’s degree or equivalent experience.
  • Typically a minimum of three years of related work experience.

Responsibilities

  • Performs underwriting analysis and documentation to determine acceptability of risk in accordance with company guidelines and standards for renewal and new business within assigned Letter of Underwriting Authority.
  • Handles endorsement requests within delegated authority. Refers endorsements outside of authority to underwriter with recommended action. Independently engages agency to clarify intent of endorsement or seek missing information.
  • Handles assigned renewal book within assigned authority and demonstrates the ability to triage renewal applications/specs and formulate next steps for the underwriter with outlined changes or points of attention for accounts outside authority.
  • Works as a liaison within the branch, or across CNA to resolve issues (billing and collections, risk control, underwriting guidance from cabinet members, line of business, underwriting services subject matter experts)
  • Documents assigned files ensuring completeness, compliance, and quality (correspondence, proposals, endorsements, cancellations, etc.).
  • Executes on advanced pricing strategy (i.e. business unit pricing tools) on behalf of the Underwriter in compliance with regulatory and CNA specific underwriting strategies and demonstrates ability to document pricing rationale
  • Completes quote proposals and negotiates with external partners within assigned authority.
  • Leveraged as the first-line point of contact to the producers/customers on account related matters while proactively identifying opportunities for up sell or account rounding.
  • Assist in marketing products and services through external partners and makes field visits.
  • Expert on systems and workflows. Serves as a resource to others (train, problem solver, coach ) and conduit for feedback to internal underwriting partners.
  • Keeps current on line of business strategy, state/territory issues, regulations and trends.

FAQs

What is the primary responsibility of the Underwriting Associate - Middle Market?

The primary responsibility of the Underwriting Associate is to underwrite risk throughout the underwriting lifecycle, from submission through policy issuance, for both renewal and new business, while working within limited authority and partnering with Underwriters to facilitate prudent underwriting decisions.

What types of tasks will the Underwriting Associate perform?

The Underwriting Associate will perform underwriting analysis and documentation, handle endorsement requests, manage an assigned renewal book, resolve issues as a liaison, document files for completeness and compliance, execute pricing strategies, complete quote proposals, serve as a point of contact for producers/customers, assist in marketing products, and provide expertise on systems and workflows.

What skills are necessary for this position?

Necessary skills for this position include knowledge of Property and Casualty underwriting, strong time management and analytical skills, excellent interpersonal and communication skills, the ability to work independently on multiple tasks, customer service experience, proficiency in Microsoft Office Suite, and the capability to advise and coach others.

What educational background is required for the Underwriting Associate position?

A Bachelor’s degree or equivalent experience is required for the Underwriting Associate position.

How many years of related work experience are typically required for this role?

Typically, a minimum of three years of related work experience is required for the Underwriting Associate position.

What types of interactions will the Underwriting Associate have in their role?

The Underwriting Associate will interact with a wide variety of internal and external business partners, including producers and customers, through in-person meetings, telephone calls, and email communications.

Is the Underwriting Associate expected to keep up with industry trends?

Yes, the Underwriting Associate is expected to stay current on line of business strategy, state/territory issues, regulations, and trends related to the underwriting field.

What is the role of the Underwriting Associate in terms of endorsements?

The Underwriting Associate handles endorsement requests within their delegated authority and refers endorsements outside of their authority to an underwriter with recommended actions while engaging with agencies to clarify intent or gather missing information.

Will the Underwriting Associate participate in marketing activities?

Yes, the Underwriting Associate will assist in marketing products and services through external partners and may conduct field visits as part of this effort.

What kind of decision-making authority does the Underwriting Associate have?

The Underwriting Associate operates within a limited authority to make decisions regarding risk acceptability, endorsement requests, and renewal applications, while referring more complex matters to underwriters.

CNA Insurance

CNA (NYSE: CNA) is a leading commercial property and casualty insurance company serving the global business community.

Finance
Industry
5001-10,000
Employees
1897
Founded Year

Mission & Purpose

CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe.