FAQs
What is the role of an Underwriting Consultant - Management Liability at CNA?
The Underwriting Consultant is an individual contributor responsible for the overall management, business development, analysis, and monitoring of a complex book of business. This role requires a high degree of technical expertise and coordination, and it may have regional, industry segment, or company-wide scope.
What are the essential duties and responsibilities of this position?
Key responsibilities include assessing highly complex underwriting risks, developing specialized endorsement language, determining pricing of complex risks, analyzing profitability, marketing products through agencies, maintaining broker relationships, mentoring less experienced underwriters, and managing special projects.
What skills and knowledge are required for this job?
Candidates should possess advanced technical expertise in underwriting, strong communication and negotiation skills, advanced analytical and problem-solving abilities, creativity in resolving business problems, and proficiency in Microsoft Office Suite and other business-related software.
How many years of experience are typically required for this position?
A minimum of eight years of underwriting experience is typically required for the Underwriting Consultant role.
Is a specific educational background necessary for this job?
Yes, a Bachelor's degree or equivalent experience is necessary, along with preferred professional designations.
Are mentorship responsibilities included in this role?
Yes, the Underwriting Consultant is expected to mentor and guide less experienced underwriters and assist in their development through underwriting training.
What is the importance of maintaining broker relationships in this role?
Maintaining agency and broker relationships is crucial for reaching positive and profitable outcomes on complex, high-risk business, thus significantly impacting the overall success of the underwriting consultant's responsibilities.
What kind of work environment can an Underwriting Consultant expect at CNA?
The work environment at CNA fosters a culture where employees are valued and can realize their potential, supported by leadership that helps guide their career development.
What tools or systems will the Underwriting Consultant utilize in their daily activities?
The Underwriting Consultant will utilize advanced functionality in relevant CNA systems, along with common business software, to perform their day-to-day underwriting activities.
What level of influence does this role have on underwriting policy and pricing strategy?
The Underwriting Consultant has significant influence, as they make recommendations on underwriting policy and pricing strategy based on their comprehensive analysis of complex risks.