Underwriting Consultant

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. 

Individual contributor responsible for the overall management, business development, analysis and monitoring of a highly complex book of business for With more than 50 years of experience in the healthcare industry, CNA is a trusted leader and one of the top five underwriters of healthcare professional and general liability insurance products and services for a wide spectrum of organizations and providers. We offer extensive industry knowledge, valuable insight and core coverages tailored to meet the unique needs of long term care facilities, hospitals and health systems, allied health facilities, and physician groups.

Position Summary
The Underwriting Consultant is responsible for the profitable growth of an assigned book of Healthcare business (Traditional Physicians, Nonstandard Physicians and Corporate Physician Risks under 50 FTE) for professional and general liability lines. This position will have a renewal book as well as new business goals.

The Underwriting Consultant is responsible for the profitable growth of an assigned book of business, utilizing underwriting policies and guidelines, rating manual rules and insurance laws and regulations.

JOB DESCRIPTION:

Essential Duties and Responsibilities 

include the following. Other duties may be assigned.

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, and demonstrates discipline 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

·   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

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

·   A minimum of 7 years of Physician underwriting experience, Nonstandard Physician underwriting experience a plus.

·   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

**The title of this role is flexible and may change based on experience to one of the following titles: Underwriting Specialist or Underwriting Consulting Director.**

About CNA

Owned by Loews Corporation, CNA is one of the country’s largest writers of commercial insurance, providing protection to more than 1 million businesses and professionals in the U.S. and internationally. We offer unique expertise for the businesses and industries we serve, providing quality products and dependable services that help prevent and minimize loss. Our focus on providing solutions and inspiring trust differentiates us from other companies and supports long-term relationships. Our commitment to diversity enables us to serve a broad range of customers while supporting our communities through charitable contributions and employee volunteerism.

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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 $72,000 to $141,000 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 visit cnabenefits.com.

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact[email protected].