CNA Insurance
Underwriting Consultant(Middle Market Private Equity)
CNA Insurance, Lake Mary, Florida, us, 32795
Underwriting Consultant (Middle Market Private Equity)
Under technical direction, responsible for underwriting risks in a book of business. 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. Responsibilities
Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. 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; escalates issues to management 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 the brokerage community and makes field visits. Develops and maintains agency and/or broker relationships. Provides 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 shares information with others. Utilizes CNA systems to perform day-to-day activities and 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 judgement 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. Typically a minimum three to five years underwriting experience. As determined by CNA and depending on the applicant’s experience and/or qualifications, candidates may be hired into one of two Underwriter positions: Underwriting Specialist or Underwriting Consultant. Typically 5–10+ years of related experience. In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $72,000 to $141,000 annually. Salary 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 CNA’s benefits, please visit cnabenefits.com. CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact leaveadministration@cna.com. Seniority level
Not Applicable Employment type
Full-time Job function
Finance and Sales Industries
Financial Services and Insurance Referrals increase your chances of interviewing at CNA Insurance by 2x Get notified about new Underwriting Consultant jobs in Lake Mary, FL.
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Under technical direction, responsible for underwriting risks in a book of business. 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. Responsibilities
Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. 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; escalates issues to management 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 the brokerage community and makes field visits. Develops and maintains agency and/or broker relationships. Provides 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 shares information with others. Utilizes CNA systems to perform day-to-day activities and 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 judgement 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. Typically a minimum three to five years underwriting experience. As determined by CNA and depending on the applicant’s experience and/or qualifications, candidates may be hired into one of two Underwriter positions: Underwriting Specialist or Underwriting Consultant. Typically 5–10+ years of related experience. In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $72,000 to $141,000 annually. Salary 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 CNA’s benefits, please visit cnabenefits.com. CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact leaveadministration@cna.com. Seniority level
Not Applicable Employment type
Full-time Job function
Finance and Sales Industries
Financial Services and Insurance Referrals increase your chances of interviewing at CNA Insurance by 2x Get notified about new Underwriting Consultant jobs in Lake Mary, FL.
#J-18808-Ljbffr