Underwriter – CNA Remote Jobs

Job Type: Underwriter from home
Location: New York work from home
Company: CNA

Businesses of all sizes can purchase standard lines commercial property and casualty insurance products from CNA’s US Insurance Operations (USIO), including general and product liability, property and commercial auto, workers’ compensation, umbrella liability, and excess liability coverages. Our Commercial Standard lines team writes policies for a wide range of businesses and industries, including Manufacturing, Distributors, Education, Real Estate, Technology, Wholesale, Retail, and Service classes. Additionally, the team has a Construction unit that handles the unique insurance requirements of construction companies.

Our Large Account Primary Casualty Underwriters are highly qualified individuals who are in charge of the overall management, business development, growth, and profitability of a book of Large Account Casualty business that spans a variety of industry groups and revenue brackets. The principal casualty accounts for risk management new business production will be heavily prioritized in this position. With strong sales, marketing, and relationship-building abilities with external Agents and internal business partners, they will drive business results as a recognized technical specialist in an underwriting specialty, particularly loss-sensitive account structures (local Branch and Home Office teams).

CNA partners with independent agents and brokers to distribute its products, and it manages the revenue generated by these connections by cultivating strong bonds through high visibility, first-rate customer service, and the best technical underwriting practices. The Standard Lines operating model places a high emphasis on developing enduring connections with producers and clients and exposure-based pricing. This is achieved through adhering to the basic values of CNA and fostering a productive working relationship with all internal business areas, such as Claim and Risk Control.

Summary for Position

The Underwriter is in charge of offering insurance solutions that assist CNA’s clients in managing risk by utilizing their technical, sales, and analytical talents. The Underwriter will use internal and external data to make appropriate judgments about individual and portfolio risk after thoroughly knowing CNA’s strategies and appetites.

Using underwriting policies and procedures, rating requirements, and insurance laws and regulations, the Underwriter is in charge of the successful expansion of a specific book of business. The available position is in the National Accounts Casualty AVP of Underwriting’s office in New York City, NY.

The ideal applicant will have 3–10+ years of expertise underwriting major accounts for casualties.

Responsibilities:

The following are a few examples of essential duties and responsibilities. Additional tasks might be given.

1. Knowledge of Underwriting

• Applications and financial criteria are examined to determine whether the risk is acceptable in accordance with CNA policies and standards.
• Utilizes predictive modeling techniques, comprehends pricing elements and rating methodology, and values risk based on financial and market research.
• Utilizes all available underwriting tools, disciplines, and techniques to make sure that the rules are followed during underwriting.
• In order to properly arrange the CNA Umbrella or Excess attachment and coverage, it analyzes the coverage and limits of the underlying policies.
• Completes underwriting write-ups that include analyses of operations, risks, coverage, and losses and detail the underwriting thought process.
• Technical underwriting abilities are displayed through careful account checks and file documentation.
• Follows regulations and practices disciplined underwriting to reduce exposure and fairly price
• Updates knowledge of state/territorial concerns, laws, and trends.

2. Portfolio Administration

• Manages a portfolio to meet objectives for portfolio management, gross written premium, profitability, rate, retention, product mix, and new business
• Sets priorities in order to efficiently manage and improve producer performance.
• Utilizes an enterprise perspective to operate in order to find cross-selling opportunities and foster growth across other business lines and client groups.
• demonstrates thorough familiarity of CNA’s goods and preferences while effectively articulating CNA’s perspective at the time of sale.

3. Management of Sales and Distribution

• Uses all CNA systems, including SalesForce.com and other sales tools and disciplines, to establish and sustain stringent sales procedures
• Builds relationships with producers to create a pipeline, uses agency intelligence, and boosts performance to achieve and exceed goals
• Creates and implements distributor-specific strategies, evaluates performance, and makes adjustments as necessary to the plan to ensure a sizable pipeline for profitable development in the future.
• Drives efficient relationship-building and customer-facing actions to foster negotiation, obtain commitment from the consumer, and increase trust.
• Actively seeks out cross-sell opportunities and collaborates with other underwriters to provide the client with complete insurance solutions.
• All employees are expected to adopt and align with CNA’s Winning Behaviors, which include being externally focused, accountable, collaborative, innovative, and always learning, in all of their duties and interactions.

Requirements:

Information, abilities, and skills

• Understanding of underwriting procedures, coverages, and resources to acquire and analyze data and make informed judgments on renewals and new business
• Ability to work well in a team, matrix, or team environment with all levels of external and/or internal business partners Ability to identify client needs, present specific solutions, overcome objections, and close transactions
• Excellent problem-solving skills, capacity to learn quickly, adapt swiftly to change, exert influence, manage and prioritize several concurrent tasks, and ability to negotiate and make wise business decisions successfully based on level of authority

In some places, a CNA is legally compelled to offer an estimate of the salary for this position. The normal basic salary range for this position in California, Colorado, Connecticut, New York, and Washington is $43,600 to $159,500 per year. Pay ranges are determined by a number of variables, including but not restricted to location, relevant work experience, talents, and certifications. To assist our employees and their families in pursuing their goals for physical, financial, emotional, and social welfare, CNA offers a comprehensive and competitive benefits package.