Underwriting Associate(Middle Market & Construction)Permanent
New Jersey, Not Specified -Job Simplification
The announced job offer is made public by the firm: CNA Insurance and it was included in jobs list the date of: 2022-10-22 in the website greenenergyjobsonline.com.
It is announced that they have a job offer at the category of Construction and the jobs location is in the state of New Jersey at the city Not Specified, in the country US - at this current ZipCode:
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Construction worker
People who perform manual labor as unskilled or semi-skilled laborers are considered employed. In the United Kingdom, a construction worker is defined as someone who works for or under the control of a contractor on a construction site. They can also be skilled tradespeople or managerial and supervisory personnel. In Canada, anyone who supervises other workers or enforces regulations and building codes may be labeled an inspector.
The word "laborer" refers to a specific job type and level in most construction industries. It's a generic term that defines a large group of workers in almost every national construction industry. In the United States, over 7.5 million people work in construction — including 820,000 laborers — with 573,000 carpenters, 508,000 electricians, 258,000 equipment operators and 230,000 construction managers. The United States Department of Labor reports 681,000 white-collar workers employed in construction. These people work in office and administrative support occupations. Most construction companies hire office and administrative support workers.
Job Overview
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.
JOB DESCRIPTION:
CNA's Commercial Middle Markets team provides standard lines commercial property and casualty insurance products such as General Liability, Property, Inland Marine, Commercial Auto, Workers' Compensation, and Umbrella to businesses of all sizes. Our Middle Markets team underwrites a diverse mix of business and industry classes including Manufacturing, Professional Services, Construction, Financial Institutions, Healthcare, Real-estate, Distributors, Technology, Wholesale, and Retail. Typical account sizes range from $50,000 up to $1,000,000 and over in premium on a multi-line basis.
Job Summary
Under broad supervision responsible for underwriting risk for the underwriting lifecycle from submission through policy issuance for both renewal and new business within limited authority. Partnering with Underwriters on all aspects of the Underwriting function including: providing the necessary information to allow for UW to make prudent underwriting decisions.
Performs a combination of duties in accordance with departmental guidelines:
1. Performs underwriting analysis and documentation to determine acceptability of risk in accordance with company guidelines and standards for renewal and new business within assigned Letter of Underwriting Authority.
2. Handles endorsement requests within delegated authority. Refers endorsements outside of authority to underwriter with recommended action. Independently engages agency to clarify intent of endorsement or seek missing information.
3. Handles assigned renewal book within assigned authority and demonstrates the ability to triage renewal applications/specs and formulate next steps for the underwriter with outlined changes or points of attention for accounts outside authority.
4. Works as a liaison within the branch, or across CNA to resolve issues (billing and collections, risk control, underwriting guidance from cabinet members, line of business, underwriting services subject matter experts)
5. Documents assigned files ensuring completeness, compliance, and quality (correspondence, proposals, endorsements, cancellations, etc.).
6. Executes on advanced pricing strategy (i.e. business unit pricing tools) on behalf of the Underwriter in compliance with regulatory and CNA specific underwriting strategies and demonstrates ability to document pricing rationale
7. Completes quote proposals and negotiates with external partners within assigned authority.
8. Leveraged as the first-line point of contact to the producers/customers on account related matters while proactively identifying opportunities for up sell or account rounding.
9. Assist in marketing products and services through external partners and makes field visits.
10. Expert on systems and workflows. Serves as a resource to others (train, problem solver, coach ) and conduit for feedback to internal underwriting partners.
11. Keeps current on line of business strategy, state/territory issues, regulations and trends.
May perform additional duties as assigned.
Reporting Relationship
Supervisor or Manager
Skills, Knowledge & Abilities
1. Knowledge of Property and Casualty underwriting including insurance products, policy processing procedures and documentation.
2. Strong time management, and analytical skills
3. Strong interpersonal and communications skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
4. Demonstrated ability to work independently on multiple tasks.
5. Strong capability to advise and coach others.
6. Demonstrated customer service experience and the ability to interact with a wide-variety of people on a daily basis in person, via telephone and email.
7. Strong knowledge of Microsoft Office Suite as well as other business-related software.
Education & Experience
1. Bachelor's degree or equivalent experience.
2. Typically a minimum of three years of related work experience.
LI-ES1
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact .
JOB DESCRIPTION:
CNA's Commercial Middle Markets team provides standard lines commercial property and casualty insurance products such as General Liability, Property, Inland Marine, Commercial Auto, Workers' Compensation, and Umbrella to businesses of all sizes. Our Middle Markets team underwrites a diverse mix of business and industry classes including Manufacturing, Professional Services, Construction, Financial Institutions, Healthcare, Real-estate, Distributors, Technology, Wholesale, and Retail. Typical account sizes range from $50,000 up to $1,000,000 and over in premium on a multi-line basis.
Job Summary
Under broad supervision responsible for underwriting risk for the underwriting lifecycle from submission through policy issuance for both renewal and new business within limited authority. Partnering with Underwriters on all aspects of the Underwriting function including: providing the necessary information to allow for UW to make prudent underwriting decisions.
Performs a combination of duties in accordance with departmental guidelines:
1. Performs underwriting analysis and documentation to determine acceptability of risk in accordance with company guidelines and standards for renewal and new business within assigned Letter of Underwriting Authority.
2. Handles endorsement requests within delegated authority. Refers endorsements outside of authority to underwriter with recommended action. Independently engages agency to clarify intent of endorsement or seek missing information.
3. Handles assigned renewal book within assigned authority and demonstrates the ability to triage renewal applications/specs and formulate next steps for the underwriter with outlined changes or points of attention for accounts outside authority.
4. Works as a liaison within the branch, or across CNA to resolve issues (billing and collections, risk control, underwriting guidance from cabinet members, line of business, underwriting services subject matter experts)
5. Documents assigned files ensuring completeness, compliance, and quality (correspondence, proposals, endorsements, cancellations, etc.).
6. Executes on advanced pricing strategy (i.e. business unit pricing tools) on behalf of the Underwriter in compliance with regulatory and CNA specific underwriting strategies and demonstrates ability to document pricing rationale
7. Completes quote proposals and negotiates with external partners within assigned authority.
8. Leveraged as the first-line point of contact to the producers/customers on account related matters while proactively identifying opportunities for up sell or account rounding.
9. Assist in marketing products and services through external partners and makes field visits.
10. Expert on systems and workflows. Serves as a resource to others (train, problem solver, coach ) and conduit for feedback to internal underwriting partners.
11. Keeps current on line of business strategy, state/territory issues, regulations and trends.
May perform additional duties as assigned.
Reporting Relationship
Supervisor or Manager
Skills, Knowledge & Abilities
1. Knowledge of Property and Casualty underwriting including insurance products, policy processing procedures and documentation.
2. Strong time management, and analytical skills
3. Strong interpersonal and communications skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
4. Demonstrated ability to work independently on multiple tasks.
5. Strong capability to advise and coach others.
6. Demonstrated customer service experience and the ability to interact with a wide-variety of people on a daily basis in person, via telephone and email.
7. Strong knowledge of Microsoft Office Suite as well as other business-related software.
Education & Experience
1. Bachelor's degree or equivalent experience.
2. Typically a minimum of three years of related work experience.
LI-ES1
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact .
Employer Overview
CNA Insurance
New Jersey, Not Specified -- Agency