Senior Underwriter or Underwriting Specialist, Construction

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 technical direction, responsible for underwriting risks in a book of business within Construction. Works within specific limits of authority on assignments requiring significant technical complexity and coordination. Utilizes underwriting policies and guidelines, rating manual rules and insurance laws and regulations.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Perform a combination of duties in accordance with departmental guidelines.

Review applications and financial requirements for risks requiring complex underwriting skills. Determine acceptability of risk in accordance with company guidelines and standards. Also determine the need for additional evidence of insurability and appropriate strategy.

Determine appropriate pricing based on financial and competitive analysis in line with compliance requirements.

Prepare quotes and answer questions from Brokers, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary. Negotiate with brokers to reach positive and profitable outcomes.

Notify brokers of adverse underwriting decisions, rate changes, underwriting requirements, status and declinations.

Analyze quality, quantity, and profitability of risks underwritten and prepare reports for management review.

Market products and services through the brokerage community and make field visits. Develop and maintain broker relationships.

May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities.

Keep current on provincial and federal issues and regulations, industry activity and trends and freely share information with others.

Utilize advanced functionality in relevant CNA systems to perform day-to-day activities.

Work with more specialists or management on risks exceeding authority level or requiring special handling.

Skills, Knowledge and Abilities

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.

Education and Experience

Bachelor's degree or equivalent experience. Professional designations preferred.

Typically a minimum five years underwriting experience.

Our Total Rewards philosophy reflects our commitment to building a high-performing, inclusive culture where every team member is empowered to grow, contribute, and thrive. We value the unique strengths and perspectives each individual brings to our business, our clients, and our communities. The base salary range for this position is $90,000 to $130,000 complemented by a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional, and social wellbeing goals.

Base salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. Please note that this posting is for an existing vacancy.

At CNA, we are committed to providing equal employment opportunities to all employees and applicants. It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job. If you require an accommodation during the hiring process or upon hire, please inform Human Resources. If a selected applicant requests accommodation during the recruitment process, CNA will consult with the applicant in order to provide suitable accommodation that takes into account the applicant’s accessibility needs.

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