What are the responsibilities and job description for the Underwriting Consulting Director, Large Construction position at CNA?
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 Construction team is dedicated to being a responsive and flexible partner that understands the inherent risks of the construction world and has the discipline, insight, and expertise to navigate the evolving exposures that come with it.
We know business insurance works better when it is custom built for the task at hand. So, we provide a wide array of industry-specific coverages and smart, informed solutions that are carefully tailored to our client's unique construction needs-from large, global accounts to mid-size contractors.
CNA has an excellent opportunity for an experienced senior level underwriter to manage and grow a National Accounts Construction book of Loss Sensitive business. This Underwriting, Consulting Director will focus on the commercial construction industry class (commercial contracting and general contractors) for our Large National Accounts Loss Sensitive business.
This remote position may be located throughout the United States with preference to larger metropolitan cities with proximity to airports as travel will be included in this role.
Position Summary
The Underwriting Consulting Director is responsible for using technical, sales and analytical skills to provide insurance solutions that help CNA's customers manage risk. You will have a thorough understanding of CNA's strategies and appetites and will use internal and external data to make appropriate individual and portfolio risk decisions.
The Consulting Director is responsible for the profitable growth of an assigned book of Commercial Construction business, utilizing underwriting policies and guidelines, rating manual rules and insurance laws and regulations. The open position is national in scope and reports into the VP of Large and Complex Construction.
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 Consultant or Underwriting Consulting Director. Typically, 7-10 years of related experience.
This remote position may be located throughout the United States with preference to larger metropolitan cities with proximity to airports as travel will be included in this role.
Essential Duties & Responsibilities
1. Underwriting Expertise
- Reviews applications and financial requirements to determine acceptability of risk in accordance with CNA's guidelines and standards.
- Understands pricing components and rating methodology as well as use of the predictive modeling tools; prices risk based on financial and competitive analysis.
- Understands alternative risk finance options (large deductibles, retrospective rating and single parent captives) and legal agreements supporting these programs.
- Uses all appropriate underwriting tools (e.g., Loss Rating Models, BPMT, Merlin, etc.), disciplines and knowledge of strategies to ensure underwriting guidelines are followed.
- Demonstrates technical underwriting skills through strategic, thorough account reviews and file documentation.
- Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory.
- Adheres to CAT guidelines and underwriting discipline to minimize exposure and appropriately price.
- Keeps current on state / territory issues, regulations, and trends for both insurance and construction risks.
2. Portfolio Management
3. Sales & Distribution Management
Driven by our commitment to our customers, CNA's winning behaviors (externally focused, accountable, collaborative, innovative, and continuously learning) distinguish us from our competitors. CNA employees exemplify these behaviors in all responsibilities and interactions.
Knowledge, Skills, and Abilities
Education and Experience
1. Bachelor's degree or equivalent experience. Professional designations preferred.
2. Typically, a minimum ten years underwriting experience with proven track record of results within the construction vertical.
LI-MF2
LI-Remote
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 $97,000 to $189,000 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 : $97,000 - $189,000
