Hybrid Underwriting Associate, Risk Management

at CNA Insurance

• Job title: Underwriting Associate, Risk Management
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: $47,000 - $78,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Chicago, United States

About the role

• Underwriting Associate managing risk for renewal and new business within limited authority. Collaborating with Underwriters and maintaining branch and broker relationships in the National Accounts Property, Risk Management team.

Responsibilities

• Responsible for underwriting risk for the underwriting lifecycle both renewal and new business within limited authority.
• Partner with Underwriters as well as maintain branch and broker relationships on all aspects of the Underwriting function including providing the necessary information to allow the Underwriter to make prudent underwriting decisions.
• Handle 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.
• Handle 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.
• Work 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).
• Document assigned files ensuring completeness, compliance, and quality (correspondence, proposals, endorsements, cancellations, etc.).
• Execute 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.
• Complete quote proposals and negotiate 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.
• Keep current online of business strategy, state/territory issues, regulations and trends. May perform additional duties as assigned.

Requirements

• Bachelor’s degree or equivalent experience.
• Typically, a minimum of one to three years of related work experience.
• 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.

Benefits

• CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.