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Underwriting Consultant - Commercial Construction

CNA
Bloomington, MN, USA
Full-time

JOB DESCRIPTION

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines :

  • Reviews applications and financial requirements for risks requiring complex underwriting skills.
  • Determines acceptability of risk in accordance with company guidelines and standards. Also, determines the need for additional evidence of insurability and appropriate strategy.
  • Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
  • Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary.
  • Negotiates with agents to reach positive and profitable outcomes.
  • Notifies agencies of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
  • Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.
  • Markets products and services through agencies or through the brokerage community and makes field visits. Develops and maintains agency and / or broker relationships.
  • May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities.
  • Keeps current on state / territory issues and regulations, industry activity and trends and freely shares information with others.
  • Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
  • Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.

Skills, Knowledge & Abilities

  • Advanced knowledge of underwriting and insurance industry theories and practices.
  • Demonstrated high level of technical expertise and product specific knowledge.
  • Strong interpersonal, communication and negotiation skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
  • Ability to work independently.
  • Strong analytical and problem solving skills.
  • Ability to exercise independent judgment and to make critical business decisions effectively.
  • Knowledge of Microsoft Office Suite as well as other business-related software.
  • Demonstrated leadership skills.

Education & Experience

  • Bachelor's degree or equivalent experience. Professional designations preferred.
  • Underwriting experience required. Qualified applicants at varying experience levels will be considered, position level will be determined based on qualifications.
  • 30+ days ago
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