Underwriting Associate (Underwriting Hub)

Underwriting Associate (Underwriting Hub)

Cna

Chicago, IL

$47K - $78K/yr

Full-time

Posted 8 hours ago


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.

JOB DESCRIPTION:

Under broad supervision, responsible for underwriting accounts within limited authority. Works independently on a high volume of accounts, applying sound underwriting judgment and collaborating with Underwriters as needed. Partners across the Hub to ensure accurate documentation, pricing execution, and responsive service.

This Underwriting Associate position is part of the Underwriting Hub-a growing team designed to provide expanded underwriting capabilities for the organization. We will elevate underwriting excellence through streamlined processes, strategic focus, and collaborative growth that enables our field underwriting teams to deepen agent and broker engagement and drive new business growth. If you're ready to stretch your skills and grow your career, we'd love to meet you.


Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

1. Performs underwriting analysis and documentation to determine acceptability of risk in accordance with company guidelines and standards for renewal and new business within assigned Letter of Underwriting Authority

2. Handles endorsement requests within delegated authority. Refers endorsements outside of authority to underwriter with recommended action. Independently engages agency to clarify intent of endorsement or seek missing information.

3. Handles assigned renewal book within assigned authority and demonstrates the ability to triage renewal applications/specs and formulate next steps for the underwriter with outlined changes or points of attention for accounts outside authority.

4. Works as a liaison within the Underwriting Hub or across CNA to resolve issues (billing and collections, risk control, underwriting guidance from cabinet members, line of business, underwriting services subject matter experts)

5. Documents assigned files ensuring completeness, compliance, and quality (correspondence, proposals, endorsements, cancellations, etc.).

6. Executes on advanced pricing strategy (i.e. business unit pricing tools) on behalf of the Underwriter in compliance with regulatory and CNA specific underwriting strategies and demonstrates ability to document pricing rationale

7. Completes quote proposals and negotiates with external partners within assigned authority.

8. Leveraged as the first-line point of contact to the producers/customers on account related matters while proactively identifying opportunities for up sell or account rounding.

9. Expert on systems and workflows. Serves as a resource to others (train, problem solver, coach ) and conduit for feedback to internal underwriting partners.

10. Keeps current on line of business strategy, state/territory issues, regulations and trends.

Skills, Knowledge & Abilities
1. Knowledge of Property and Casualty underwriting including insurance products, policy processing procedures and documentation.

2. Strong time management, and analytical skills

3. Strong interpersonal and communications skills. Ability to effectively interact with all levels of CNA's internal and external business partners.

4. Demonstrated ability to work independently on multiple tasks.

5. Demonstrated customer service experience and the ability to interact with a wide-variety of people on a daily basis in person, via telephone and email.

6. Strong knowledge of Microsoft Office Suite as well as other business-related software.


Education & Experience
1. Bachelor's degree or equivalent experience.
2. Typically a minimum of three years of related work 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 $47,000 to $78,000 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 visitcnabenefits.com.

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contactleaveadministration@cna.com.



Frequently asked questions

Q: What skills or qualities help someone succeed as a Underwriting Assistant?

A: To succeed as an Underwriting Assistant, key technical skills include proficiency in insurance policies, risk assessment, and data analysis, as well as knowledge of underwriting software and systems. Soft skills such as strong communication, attention to detail, and analytical thinking are also crucial, enabling the assistant to effectively collaborate with underwriters, interpret complex data, and identify potential risks. By combining these technical and soft skills, an Underwriting Assistant can provide high-quality support and contribute to informed underwriting decisions, ultimately driving career growth and effectiveness in the role.

Q: What is the career path for a Underwriting Assistant?

A: A typical career path for an Underwriting Assistant involves progression from entry-level roles such as Underwriting Assistant or Junior Underwriter, to mid-level positions like Underwriter or Assistant Underwriting Manager, and eventually to senior roles like Underwriting Manager or Senior Underwriter. Key opportunities for skill development and professional growth in this role include learning insurance products, risk assessment, and underwriting principles, as well as developing strong analytical, communication, and problem-solving skills. Long-term career prospects for Underwriting Assistants may include transitioning into leadership roles, pursuing specialized underwriting certifications, or exploring related fields such as actuarial science, risk management, or insurance sales.



Cna job posting for a Underwriting Associate (Underwriting Hub) in Chicago, IL with a salary of $47,000 to $78,000 Annually with a map of Chicago location.