Underwriting Consultant - 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. 

CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them — and their family members — achieve their physical, financial, emotional and social wellbeing goals.

For a detailed look at CNA’s benefits, check out our Candidate Guide.

Individual contributor responsible for the overall management, business development, analysis and monitoring of a highly complex book of business.

JOB DESCRIPTION:

CNA’s Construction team is dedicated to being a responsive and flexible partner that understands the inherent risks of the construction world and has the discipline, insight and expertise to navigate the evolving exposures that come with it.

We know business insurance works better when it is custom built for the task at hand. So, we provide a wide array of industry-specific coverages and smart, informed solutions that are carefully tailored to our client’s unique construction needs—from large, global accounts to mid-size contractors. CNA has an excellent opportunity for an experienced construction underwriter to manage and grow a National Accounts Construction book of Loss Sensitive business.

As part of our US Insurance Operations we provide standard lines commercial property and casualty insurance products such as General and Product Liability, Property and Inland Marine, Commercial Auto, and Workers' Compensation to businesses of all sizes.

                                                                     

This remote role will focus on the commercial construction industry class (commercial contracting and general contractors) for Large National Accounts Loss Sensitive business. The ideal candidate may be located anywhere in the United States but preference will be to be in a larger metropolitan area in close proximity to the airport as travel is involved in this role.
 

Position Summary

The Underwriter is responsible for using technical, sales and analytical skills to provide insurance solutions that help CNA’s customers manage risk. The Underwriter will have a thorough understanding of CNA’s strategies and appetites and will use internal and external data to make appropriate individual and portfolio risk decisions.

The Underwriter is responsible for the profitable growth of an assigned book of Commercial Construction business, utilizing underwriting policies and guidelines, rating manual rules and insurance laws and regulations.  The open position is national in scope and reports into the Head of Large and Complex Construction.

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

· Understands alternative risk finance options (large deductibles, retrospective rating and single parent captives) and legal agreements supporting these programs.

·   Uses all appropriate underwriting tools (e.g., Loss Rating Models, 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 for both insurance and construction risks

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