Underwriting Specialist – Middle Market Private Equity
CNA Insurance
full-time
Posted on:
Location Type: Hybrid
Location: Walnut Creek • California • United States
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Salary
💰 $54,000 - $103,000 per year
About the role
- Performs a combination of duties in accordance with departmental guidelines: Reviews applications and financial requirements for risks requiring complex underwriting skills.
- Determines acceptability of risk in accordance with company guidelines and standards.
- Determines the need for additional evidence of insurability and appropriate strategy.
- Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
- Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary.
- Negotiates with agents to reach positive and profitable outcomes.
- Notifies agencies of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
- Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.
- Markets products and services through agencies or through the brokerage community and makes field visits.
- Develops and maintains agency and/or broker relationships.
- May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities.
Requirements
- Bachelor's degree or equivalent experience
- Typically a minimum three to five years underwriting experience
- Advanced knowledge of underwriting and insurance industry theories and practices
- Demonstrated high level of technical expertise and 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
- Strong analytical and problem solving skills
- Ability to exercise independent judgment and to make critical business decisions effectively
- Knowledge of Microsoft Office Suite as well as other business-related software
- Demonstrated leadership skills.
Benefits
- 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.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
underwritingfinancial analysisrisk assessmentpricing strategyreport preparationnegotiationcross-sellingtechnical expertiseproduct knowledgecompliance
Soft Skills
interpersonal skillscommunication skillsnegotiation skillsanalytical skillsproblem solvingindependent judgmentdecision makingleadership skillsrelationship managementindependence
Certifications
Bachelor's degree