AVP, Underwriting (Private Equity - West Zone)

CNA · Chicago, IL

Company

CNA

Location

Chicago, IL

Type

Full Time

Job Description

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
JOB DESCRIPTION:
CNA's private equity segment, consists of the diverse exposures that firms and their portfolio companies face depending on the industry - from commercial enterprise and manufacturing to life sciences, construction, professional services, real estate and technology. Our Private Equity team delivers agility, specialization and forward-looking insights to help policyholders stay a step ahead of market evolution. To meet the diverse needs of this segment, our Private Equity team takes a holistic view of singular or multi-line coverage needs and provides solutions that align with broker, agent and policyholder expectations.
Position Summary
Officer position responsible for providing overall underwriting excellence through management of the Commercial P&C Middle Markets Private Equity Portfolio. Ensures effective management and implementation of strategic objectives and policies for a product line or segment, in accordance with the company's strategic plans.
Essential Duties & Responsibilities
  • Implements strategic objectives, underwriting strategies and best practices with substantial impact on the short-term success of the Middle Markets Private Equity Western Zone book of business.
  • Ensures the achievement of continued profitability, growth and/or operational efficiencies for a product line or segment through assessment of risk tolerance, market appetite and emerging risk issues.
  • Evaluates underwriting performance based on financial analysis. Includes rate, reserve adequacy, operational, planning and product reviews. Provides results to members of the underwriting management team and develops plans to resolve issues.
  • Monitors the usage and profitability of alternative pricing programs.
  • Drives adherence to underwriting authority delegation, audit criteria and catastrophe management for a product line or segment.
  • Collaborates with business partners in Risk Control, Actuarial, Claim, Worldwide Operations and Compliance to address governance and compliance issues related to underwriting practices.
  • Provides guidance and direction in the development of underwriting and training tools.
  • May lead, direct and have full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with strategic direction.
  • May take lead responsibility for the development of underwriting strategies and position papers for emerging issues when assigned.
  • May maintain relationships with branches, brokers, agents and customers to assess risk tolerance, market appetite and emerging issues.

Reporting Relationship
Typically VP and above
Skills, Knowledge & Abilities
1. In-depth technical knowledge of underwriting theories and practices within the insurance field.
2. Ability to effectively interact and communicate with all levels of external and/or internal business partners within scope of responsibility, team and/or matrix environment.
3. Leadership and management skills, demonstrating integrity and professionalism.
4. Ability to drive results by identifying, and resolving problems within scope of responsibility.
5. Knowledge of the insurance industry, its products and services.
6. Knowledge of Microsoft Office Suite and other business-related software.
Education & Experience
1. Bachelor's degree with Master's preferred in a related discipline, or equivalent.
2. Typically a minimum of 10 years of related work experience, with five years management experience.
3. Chartered Property Casualty Underwriter (CPCU) roles
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In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In California, Colorado, Connecticut, New York and Washington, the standard base pay range for this role is $143,000 to $276,100 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 [email protected]
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Date Posted

02/25/2023

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