2 Underwriting Associate(Commercial Construction) Jobs in Melville, NY
CNA Insurance is Hiring an Underwriting Associate(Commercial Construction) Near Melville, NY
Job Description SummaryUnder 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.
JOB DESCRIPTION:Performs a combination of duties in accordance with departmental guidelines:
- 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.
- 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.
- 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.
- 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)
- Documents assigned files ensuring completeness, compliance, and quality (correspondence, proposals, endorsements, cancellations, etc.).
- 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
- Completes quote proposals and negotiates with external partners within assigned authority.
- 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.
- Assist in marketing products and services through external partners and makes field visits.
- Expert on systems and workflows. Serves as a resource to others (train, problem solver, coach ) and conduit for feedback to internal underwriting partners.
- Keeps current on line of business strategy, state/territory issues, regulations and trends.
Skills, Knowledge & Abilities
- Knowledge of Property and Casualty underwriting including insurance products, policy processing procedures and documentation.
- Strong time management, and analytical skills
- Strong interpersonal and communications skills. Ability to effectively interact with all levels of CNA’s internal and external business partners.
- Demonstrated ability to work independently on multiple tasks.
- Strong capability to advise and coach others.
- 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.
- Strong knowledge of Microsoft Office Suite as well as other business-related software.
- Bachelor’s degree or equivalent experience.
- Typically a minimum of three years of related work experience.
Job Summary
Full Time
Insurance
$76k-100k (estimate)
06/08/2024
06/29/2024
cna.com
LITTLETON, CO
3,000 - 7,500
1897
PAUL BLANKLEY
$10B - $50B
Insurance
Related Companies
About CNA Insurance
Since 1897, when CNA entered the insurance market, weve been there for our customers and evolved to meet the needs of our times. Today, we focus on what we do best providing insurance solutions for businesses and professionals in the U.S., Canada, Europe and Asia, complemented by our broad range of products and world-class Risk Control and Claim customer services.
The job skills required for Underwriting Associate(Commercial Construction) include Underwriting, Customer Service, Microsoft Office, Pricing, Leadership, Time Management, etc. Having related job skills and expertise will give you an advantage when applying to be an Underwriting Associate(Commercial Construction). That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Underwriting Associate(Commercial Construction). Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Underwriting Associate(Commercial Construction) positions, which can be used as a reference in future career path planning. As an Underwriting Associate(Commercial Construction), it can be promoted into senior positions as a Health Underwriting Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Underwriting Associate(Commercial Construction). You can explore the career advancement for an Underwriting Associate(Commercial Construction) below and select your interested title to get hiring information.
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