Underwriting Specialist Financial Institutions

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Under technical direction responsible for underwriting risks in a book of business for Financial Institutions. Works within specific limits of authority on assignments requiring significant technical complexity and coordination. Utilizes underwriting policies and guidelines rating manual rules and insurance laws and regulations.

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

1. Advanced knowledge of underwriting and insurance industry theories and practices.

2. Demonstrated high level of technical expertise and product specific knowledge.

3. Strong interpersonal communication and negotiation skills. Ability to effectively interact with all levels of CNAs internal and external business partners.

4. Ability to work independently.

5. Strong analytical and problem solving skills.

6. Ability to exercise independent judgment and to make critical business decisions effectively.

7. Knowledge of Microsoft Office Suite as well as other business-related software.

8. Demonstrated leadership skills.

Education & Experience

1. Bachelors degree or equivalent experience. Professional designations preferred.

2. Typically a minimum three to five years underwriting experience.

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I n certain jurisdictions CNA is legally required to include a reasonable estimate of the compensation for this District of Columbia California Colorado Connecticut Illinois Maryland Massachusetts New York and Washington the national base pay range for this job level is $54000 to $103000 determinations are based on various factors including but not limited to relevant work experience skills certifications and location. 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. For a detailed look at CNAs benefits please visit .

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation please contact .

Required Experience :

IC

Key Skills

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Employment Type : Full-Time

Experience : years

Vacancy : 1

Yearly Salary Salary : 54000 - 103000