Underwriting Officer specializing in Ocean Marine underwriting strategies for small and mid - size businesses. Assessing risks and driving the execution of underwriting strategies in the Ocean Marine sector.
About the role
- Underwriting Trainee learning underwriting practices in the Cyber line of business at CNA. Involves communication, analysis, and documentation in risk assessment.
Responsibilities
- Performs a combination of duties in accordance with departmental guidelines: Reviews insurance applications and documentation to determine if the applicant is an acceptable risk.
- Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration.
- Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
- Verbal notifications to agents of decisions for clear understanding.
- Uses available underwriting systems and modeling tools; updates the underwriting systems by documenting pertinent information.
- Prepares quotes and answers questions from agencies and internal or external customers, escalating issues to management as necessary.
- Negotiates with agents to reach positive and profitable outcomes.
- Makes field visits to Agent and Broker offices to build relationships and understand territory and market nuances.
- Interacts with Claim personnel on issues relating to specific claims, and other internal customers such as legal and actuarial.
- Develops a working knowledge of product language across all CNA business units, underwriting practices, policies and guidelines.
- Develops a full, working knowledge of all relevant CNA systems.
Requirements
- Bachelor's degree preferred or equivalent experience.
- Based on product line, successful completion of required exams or work towards certification may be required.
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.
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