Package Underwriter

☞ CNA Hardy

Visualizza: 101

Giorno di aggiornamento: 01-06-2024

Località: Manchester North West

Categoria: Assicurazione

Industria:

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Contenuto del lavoro

Vacancy: Package Underwriter
Location: Manchester
Salary: Competitive
Closes on: Sunday 16 January 2022
Position Summary

Under broad supervision, responsible for underwriting risks in a book of business, works within limited authority on assignments of moderate technical complexity and utilises underwriting policies and guidelines, rating manual rules and insurance laws and regulations.

Key Responsibilities

  • Reviews applications and financial requirements for risks requiring technical underwriting skills.
  • Determines acceptability of risk in accordance with company guidelines and standards.
  • Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration of applicant documentation, business factors and competitive situations.
  • Prepares quotations and answers questions from Brokers, internal and external contacts and escalates issues as necessary.
  • Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations. Verbally notifies Brokers of decisions where appropriate in order to ensure clear understanding of the decision.
  • Analyses quality, quantity, and profitability of risks underwritten and prepares reports for management review.
  • May assist in marketing products and services through the brokerage community and makes field visits.
  • Develops and maintains positive Broker relationships.
  • Keeps current on state/territory issues, regulations and trends.
  • Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.
  • Develop proficiency in all relevant CNA systems.
  • May update the underwriting systems.
  • May perform additional duties as assigned.


Skills, Knowledge & Abilities

  • Knowledge of underwriting and insurance industry theories and practices.
  • Developing technical expertise and negotiation skills.
  • Strong interpersonal and communication skills.
  • Ability to effectively interact with peer level CNA internal and external business partners.
  • Ability to work independently.
  • Strong analytical and problem solving skills
  • Ability to exercise independent judgment and make sound business decisions effectively.
  • Strong knowledge of Microsoft Office Suite as well as other business-related software.
CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We are part of CNA Financial Corp, the 8th largest U.S. commercial property and casualty insurance company. Established in 1897, CNA has approximately 7,000 employees, serving businesses and professionals in the U.S., Canada, Europe and Asia. We offer a wide range of products and services, providing a superior suite of insurance solutions that any organisation conducting business requires.
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Scadenza: 16-07-2024

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