What are the responsibilities and job description for the Inland Marine - Underwriting Consultant position at CNA Insurance?
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:
As an Underwriting Consultant, the ideal candidate has extensive experience evaluating builders’ risk, contractor equipment and transportation/logistics coverage for all industries. Candidate should be self-motivated, results driven, and possess a high level of intellectual curiosity.
As an Inland Marine Underwriting Consultant, you will be responsible for underwriting individual risks and managing a portfolio by leveraging strong technical underwriting acumen and developing key partner relationships.
Underwriter must be willing to work with within specific limits of authority & corporate guidelines for individual risks. Must be willing to collaborate with leadership on assignments requiring significant technical complexity. Underwriter must be willing and eager to engage efficiently with distribution partners to develop strong internal and external relationships.
This is a hybrid position, with the successful candidate working 2 – 3 days per week from a local office within the Central territory. Preference will be for candidate to be located in either Kansas City or Chicago; however, we are open to any of our central offices (KS, IL, OH, MO, MI, IN, or KY).
Essential Skills & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Product Knowledge. Underwriter must possess fundamental knowledge of inland marine coverages with extensive experience in key lines of business including but not limited to Builders Risk, Contractors Equipment, Installation, Property, and Transportation/Logistics offerings.
- Risk Assessment. Reviews applications and supporting documentation for a wide range of individual risks. Determines acceptability of risk in accordance with company guidelines and standards and determines adequate pricing based on individual risk exposures, loss experience, financial statements, technical underwriting philosophy and competitive analysis in line with compliance requirements.
- Product Delivery & Effective Communication. Efficiently manages the communication required to review submissions, gather information, escalate and review with leadership as needed, prepare quotes, and deliver products to key partners. Early engagement with agents for any adverse underwriting decisions, rate appeals or declinations.
- Portfolio Management & Collaboration. Drives top & bottom-line results by line of business, per business unit goals & metrics. Engages with other internal business units to drive results across the organization.
- Market Facing. Markets products through in-person and virtual visits. Ability and desire to sell and negotiate on behalf of CNA to secure top & bottom-line results while developing key partnerships that are mutually beneficial for the company, our distribution partners, and customers.
- Systems & Programs. Utilizes relevant CNA systems to perform day-to-day activities along with Microsoft Suite and similar programs.
Skills, Knowledge & Abilities
- Advanced knowledge of underwriting and insurance industry theories and practices.
- Demonstrated high-level of technical expertise and Inland Marine related 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 and exercise independent judgment to make critical business decisions effectively.
- Strong analytical and problem-solving skills.
- Demonstrated collaboration and leadership skills.
- Knowledge of Microsoft Office Suite and similar business-related software.
Education & Experience
- Bachelor's degree or equivalent. Professional designations preferred.
- Ideally, minimum seven to ten years Inland Marine 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, 3-10 years of related experience.
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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
.Salary : $72,000 - $141,000
