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Underwriting Consultant - Management Liability

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CNA Insurance

2mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Business, Operations & Strategy
  • Irvine, +3
  • Quick Apply

AI generated summary

  • You must have expertise in management liability underwriting, strong analytical skills, and excellent communication abilities to assess risks and provide solutions.
  • You will assess complex underwriting risks, determine pricing, analyze profitability, maintain broker relationships, mentor junior underwriters, and manage special projects and presentations.

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. Develops 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.
  • Makes recommendations on underwriting policy and pricing strategy.
  • Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management.
  • Markets products and services through agencies or through the brokerage community and makes field visits.
  • 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.
  • Mentors and guides less experienced underwriters and assists in the development of underwriting training.
  • Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
  • Responsible for special underwriting projects and presentations.

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.

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.