About the Role
Officer position responsible for providing overall underwriting excellence through management for a product line or segment. Ensures effective management and implementation of strategic objectives and policies for a product line or segment, in accordance with the company's strategic plans.
Responsibilities
- Implements strategic objectives, underwriting strategies and best practices with substantial impact on the short-term success of a product line or segment.
- Ensures the achievement of continued profitability, growth and/or operational efficiencies for a product line or segment through assessment of risk tolerance, market appetite and emerging risk issues.
- Evaluates underwriting performance based on financial analysis, including rate, reserve adequacy, operational, planning and product reviews.
- Provides underwriting performance results to the underwriting management team and develops plans to resolve issues.
- Monitors the usage and profitability of alternative pricing programs.
- Drives adherence to underwriting authority delegation, audit criteria and catastrophe management for a product line or segment.
- Collaborates with business partners in Risk Control, Actuarial, Claim, Operations and Compliance to address governance and compliance issues related to underwriting practices.
- Provides guidance and direction in the development of underwriting and training tools.
- May lead, direct and have full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning.
- May take lead responsibility for the development of underwriting strategies and position papers for emerging issues when assigned.
- May maintain relationships with branches, brokers, agents and customers to assess risk tolerance, market appetite and emerging issues.
Requirements
- Typically a minimum of 10 years of related work experience, with five years management experience.
Skills
- In-depth technical knowledge of underwriting theories and practices within the insurance field.
- 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.
- Leadership and management skills, demonstrating integrity and professionalism.
- Ability to drive results by identifying, and resolving problems within scope of responsibility.
- Knowledge of the insurance industry, its products and services.
- Knowledge of Microsoft Office Suite and other business-related software.
Experience Level
- Typically a minimum of 10 years of related work experience
- Five years management experience
Education Level
- Bachelor's degree in a related discipline, or equivalent
- Chartered Insurance Professional (CIP) or other insurance designations preferred.
About the Company
- 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.
Equal Opportunity
- At CNA, we are committed to providing equal employment opportunities to all employees and applicants.
- It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job.
- If you require an accommodation during the hiring process or upon hire, please inform Human Resources.
- If a selected applicant requests accommodation during the recruitment process, CNA will consult with the applicant in order to provide suitable accommodation that takes into account the applicant’s accessibility needs.
