Underwriting Associate (Wholesale Excess Casualty)

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JOB DESCRIPTION:
Underwriting Associate (Wholesale Excess Casualty)
Our Wholesale Excess Casualty Underwriting Associates are high level individual contributors responsible for overall management, business development, growth and profitability of a book of Excess Casualty business spanning a wide range of industry segments and revenue bands. This position will have a heavy emphasis on renewal production through targeted wholesale broker distribution in a multi-state territory. Recognized as an integral part of growing Wholesale focused team, they will drive business results through strong sales, marketing and relationship building skills with external producers and internal business partners (local Branch and Home Office teams).
CNA distributes its products through partnerships with key wholesalers and manages the production of those relationships through high visibility, superior customer service, and demonstrating excellence in technical underwriting disciplines. Our operating model focuses on underwriting performance, exposure-based pricing, and building strong producer and customer relationships. This is accomplished by executing to CNA's core principles and maintaining a strong working relationship with internal business units including Claims and Risk Control.
Job Summary
Under broad supervision responsible for underwriting risk for the underwriting lifecycle from submission through policy issuance for both renewal and new business within limited authority. Partnering with Underwriters on all aspects of the Underwriting function including: providing the necessary information to allow for UW to make prudent underwriting decisions.
Performs a combination of duties in accordance with departmental guidelines:
1. Performs underwriting analysis and documentation to determine acceptability of risk in accordance with company guidelines and standards for renewal and new business within assigned Letter of Underwriting Authority.
2. Handles endorsement requests within delegated authority. Refers endorsements outside of authority to underwriter with recommended action. Independently engages agency to clarify intent of endorsement or seek missing information.
3. Handles assigned renewal book within assigned authority and demonstrates the ability to triage renewal applications/specs and formulate next steps for the underwriter with outlined changes or points of attention for accounts outside authority.
4. Works as a liaison within the branch or across CNA to resolve issues (billing and collections risk control underwriting guidance from cabinet members line of business underwriting services subject matter experts)
5. Documents assigned files ensuring completeness compliance and quality (correspondence proposals endorsements cancellations etc.).
6. Executes on advanced pricing strategy (i.e. business unit pricing tools) on behalf of the Underwriter in compliance with regulatory and CNA specific underwriting strategies and demonstrates ability to document pricing rationale
7. Completes quote proposals and negotiates with external partners within assigned authority.
8. Leveraged as the first-line point of contact to the producers/customers on account related matters while proactively identifying opportunities for up sell or account rounding.
9. Expert on systems and workflows. Serves as a resource to others (train, problem solver, coach ) and conduit for feedback to internal underwriting partners.
10. Keeps current on line of business strategy state/territory issues regulations and trends.
May perform additional duties as assigned.
Reporting Relationship
Supervisor or Manager
Skills Knowledge & Abilities
1. Knowledge of Property and Casualty underwriting including insurance products policy processing procedures and documentation.
2. Strong time management and analytical skills
3. Strong interpersonal and communications skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
4. Demonstrated ability to work independently on multiple tasks.
5. Strong capability to advise and coach others.
6. Demonstrated customer service experience and the ability to interact with a wide-variety of people on a daily basis in person via telephone and email.
7. Strong knowledge of Microsoft Office Suite as well as other business-related software.
Education & Experience
1. Bachelor's degree or equivalent experience.
2. Typically a minimum of three years of related work experience
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CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected] .