Underwriter(Aging Services)
Company: CNA Insurance
Location: Chicago
Posted on: August 7, 2022
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Job Description:
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.Under broad supervision, responsible for
underwriting risks in a book of business. Works within limited
authority on assignments of moderate technical complexity. Utilizes
underwriting policies and guidelines, rating manual rules and
insurance laws and regulations.JOB DESCRIPTION:Essential Duties &
ResponsibilitiesPerforms a combination of duties in accordance with
departmental guidelines:Reviews applications and financial
requirements for risks requiring moderate technical underwriting
skills. Determines acceptability of risk in accordance with company
guidelines and standards.Recommends appropriate pricing and
coverage modifications or enhancements for risks after complete
analysis and consideration of applicant documentation, business
factors and competitive situations.Prepares quotes and answers
questions from agencies, internal and external contacts and
escalates issues as necessary.Prepares written communication on
adverse underwriting decisions, rate appeals, underwriting
requirements, status and declinations. Verbally notifies agents of
decisions where appropriate in order to ensure clear understanding
of the decision.Analyzes quality, quantity, and profitability of
risks underwritten and prepares reports for management review.May
assist in marketing products and services through agencies or
through the brokerage community and makes field visits.Develops and
maintains positive agency and/or broker relationships to ensure
positive outcomes.Keeps current on state/territory issues,
regulations and trends.Works with more senior underwriters or
management on risks exceeding authority level or requiring special
handling.Develop proficiency in all relevant CNA systems. Also, may
update the underwriting systems.Skills, Knowledge & Abilities1.
Knowledge of underwriting and insurance industry theories and
practices.2. Developing technical expertise and negotiation
skills.3. Strong interpersonal and communication skills. Ability to
effectively interact with all levels of CNA's internal and external
business partners.4. Ability to work independently.5. Strong
ability to identify, analyze and solve problems as well as the
ability to learn rapidly, adapt quickly to change, and to manage
and prioritize multiple concurrent projects.6. Ability to exercise
independent judgment and make sound business decisions
effectively.7. Knowledge of Microsoft Office Suite as well as other
business-related software.8. Demonstrated leadership
skillsEducation & Experience1. Bachelor's degree or equivalent
experience.2. Completion of a formal underwriting training program
or minimum one year underwriting experience.*LI-ES1CNA is committed
to providing reasonable accommodations to qualified individuals
with disabilities in the recruitment process. To request an
accommodation, please contact leaveadministration@cna.com.
Keywords: CNA Insurance, Chicago , Underwriter(Aging Services), Other , Chicago, Illinois
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