Underwriting Consultant - Equipment Breakdown

JOB DESCRIPTION

This position can be fully remote

This Underwriting Consultant role is in our National Accounts Property Equipment Breakdown unit. Under technical direction, responsible for underwriting risks in a book of business.

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.

This position will have a heavy emphasis on new business production for highly complex monoline Equipment breakdown accounts.

Recognized as a technical expert in an underwriting specialty they will drive business results through strong sales, face-to-face marketing and relationship building skills with external Brokers, Agents and Producers along with cross-selling opportunities through internal business partners (local Branch and Home Office teams).

Essential Duties and Responsibilities

1. Underwriting Expertise

• Reviews applications and financial requirements to determine acceptability of risk in accordance with CNA’s guidelines and standards
• Understands pricing components and rating methodology as well as use of the predictive modeling tools; prices risk based on financial and competitive analysis
• Uses all appropriate underwriting tools (e.g., RST, BPMT, Merlin, etc.), disciplines and knowledge of strategies to ensure underwriting guidelines are followed
• Demonstrates technical underwriting skills through strategic, thorough account reviews and file documentation
• Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory
• Adheres to CAT guidelines and underwriting discipline to minimize exposure and appropriately price
• Keeps current on state / territory issues, regulations and trends

2. Portfolio Management

• Manages assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business and portfolio management goals
• Prioritizes time and resources to effectively manage and optimize producer performance
• Operates with an Enterprise perspective to identify cross sell opportunities and create growth within other lines of business and customer segments
• Demonstrates in-depth knowledge of CNA’s products and appetite while clearly communicating CNA’s position at the point of sale

3. Sales & Distribution Management

• Builds / maintains rigorous sales practices using all CNA systems including SalesForce.com and other sales tools and disciplines
• Develops producer relationships to build pipeline, agency intelligence, and drives performance to meet and exceed results
• Develops and implements distributor specific plans, monitors performance, and adjusts plan to ensure a substantial pipeline for future profitable growth
• Drives effective relationship management and customer activities to build trust, facilitate negotiation and secure commitment with the customer
• Proactively identifies cross-sell opportunities and partners with other underwriters to deliver comprehensive insurance solutions for the customer

Driven by our commitment to our customers, CNA’s winning behaviors (externally focused, accountable, collaborative, innovative, and continuously learning) distinguish us from our competitors.

CNA employees exemplify these behaviors in all responsibilities and interactions.

Knowledge, Skills and Abilities

• Knowledge of underwriting processes, coverages, and tools to gather and evaluate information in order to reach appropriate decisions on renewals and new business
• Ability to effectively interact and communicate with all levels of external and / or internal business partners within scope of responsibility, team and / or matrix environment
• Ability to uncover customer needs, position specific solutions, handle objections and close deals
• Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority
• Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, exercise influence, and manage and prioritize multiple concurrent projects

As determined by CNA and depending on the applicant’s experience and / or qualifications, candidates may be hired into one of three Underwriter positions : Underwriter, Underwriting Specialist or Underwriting Consultant.

Typically 3-10+ years of related experience.

In California, the base pay range for Underwriting Consultant is $120,500 to $150,500. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.