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Underwriting Specialist
CNA Financial Corporation
Southfield, MI, United States
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Description
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Position Summary
CNA Aging Services provides coverages for both NFP and for profit community and facility based care facilities including Skilled Nursing, Retirement/Continuing care communities, Assisted Living Centers, Independent Living Communities, Memory Loss (Dementia/Alzheimer) facilities, and Home based care. Coverages include: Professional Liability, General Liability, Property, Auto (including patient transport), Umbrella and additional coverages in Crime, Cyber Liability, Equipment Breakdown, Inland Marine. Additional capability to provide alternative liability insurance programs (large deductibles, captive reinsurance, and group risk sharing arrangements).
Our culture is geared toward strong sales and customer service focus and is complimented by our strong business strategy and underwriting discipline.
This position is well suited for a sales & marketing oriented underwriter who is well versed with Commercial Property & Casualty, and professional liability lines background or who is open to learning the professional lines for this industry sector!
The Underwriter 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. The open position is located in Grand Rapids or Southfield, MI reporting to the Territory Leader and is responsible for an Aging Services book of business.
Essential Duties & Responsibilities
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. Also 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.
Keeps current on state/territory issues and regulations industry activity and trends and freely shares information with others.
Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.