VP, Underwriting (Large Property - Wholesale)
Job Description
CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them - and their family members - achieve their physical, financial, emotional and social wellbeing goals.
For a detailed look at CNA's benefits, check out our Candidate's Guide .
JOB DESCRIPTION:
CNA's National Accounts Property Underwriting Team is seeking an officer level individual to be responsible for providing overall underwriting leadership and excellence for the Large Property wholesale team. This individual will ensure effective management and implementation of strategic objectives and policies for the wholesale Large Property business, in accordance with the company's strategic plans.
Essential Duties & Responsibilities
- Drives implementation of strategic and operational objectives with significant impact on the short-term success of a product line or segment and moderate impact on the long-term success of the company.
- Develops and maintains underwriting guidelines and best practices, in accordance with federal and state regulations, to ensure the integrity of the product line or segment.
- 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 senior management team and develops plans to resolve issues.
- Provides overall direction for underwriting authority delegation, audit criteria and catastrophe management for a product line or segment.
- Acts as senior level referral officer for exceptions to strategy, guidelines and authority for 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.
- Leads, directs and has full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with strategic direction.
- Conducts research, analysis and development of insurance products. Assimilates trends in the industry, determines underwriting best practices and contributes to training/development curricula for a product line or segment.
- May participate in rating bureau boards to keep abreast of industry, rating, coverage and benefit issues. Fosters relationships with insurance commissioners and regulators.
Reporting Relationship
Typically SVP and above
Skills, Knowledge & Abilities
1. Mastery of underwriting discipline and knowledge in the insurance field and a broad understanding of the critical issues in other related areas.
2. Advanced communication skills which are critical to building consensus across area of influence (external and/or internal relationships), teams and/or matrix environment.
3. Strong leadership and management skills demonstrating integrity and professionalism.
4. Ability to drive results by identifying and resolving significant problems within scope of responsibility.
5. Senior level 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 12 years of related work experience, with seven years management experience.
3. Chartered Property Casualty Underwriter (CPCU) designation preferred.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected] .
Date Posted
08/10/2023
Views
4
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