Associate Underwriter, Cyber & Professional Liability (12-Month Contract or 12-Month Secondment)

Continental Casualty Company-Canada; Toronto; On-site; CAD 55,000 - 75,000; Full time

Job summary

A leading insurance firm in Canada is seeking an Underwriter to manage risk across the underwriting lifecycle for both new and renewal business. The ideal candidate will have strong knowledge of Property and Casualty underwriting, excellent analytical and communication skills, and at least 2-3 years of related experience. The role offers a full-time employment opportunity with competitive compensation.

Qualifications

• 2-3 years of related work experience required.
• Ability to effectively interact with all levels of business partners.
• Demonstrated customer service skills.

Responsibilities

• Perform underwriting analysis and documentation.
• Handle assigned renewal book and triage applications.
• Act as first-line contact for account-related matters.

Skills

Knowledge of Property and Casualty underwriting

Strong time management skills

Analytical skills

Interpersonal skills

Communication skills

Customer service experience

Knowledge of Microsoft Office Suite

Education

Bachelor’s degree or equivalent experience

Job description

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.

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 within Cyber and Professional Liability. Partnering with Underwriters on all aspects of the Underwriting function including: providing the necessary information to allow for UW to make prudent underwriting decisions.

Responsibilities

• 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.
• 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.
• Handles assigned renewal book within assigned authority and triages renewal applications/specs; formulates next steps for the underwriter with outlined changes or points of attention for accounts outside authority.
• 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).
• Documents assigned files ensuring completeness, compliance, and quality (correspondence, proposals, endorsements, cancellations, etc.).
• 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 documents pricing rationale.
• Completes quote proposals and negotiates with external partners within assigned authority.
• Acts as the first-line point of contact to producers/customers on account-related matters; proactively identifying opportunities for upsell or account rounding.
• Assists in marketing products and services through external partners and makes field visits.
• Expert on systems and workflows; serves as a resource to others and a conduit for feedback to internal underwriting partners.
• Keeps current on line of business strategy, regulations, and trends.

Qualifications

• Knowledge of Property and Casualty underwriting including insurance products, policy processing procedures, and documentation.
• Strong time management and analytical skills; strong interpersonal and communications skills.
• Ability to effectively interact with all levels of CNA's internal and external business partners.
• Demonstrated ability to work independently on multiple tasks; strong capability to advise and coach others.
• Demonstrated customer service experience and the ability to interact with a wide variety of people daily (in person, by telephone, and by email).
• Strong knowledge of Microsoft Office Suite and other business-related tools.
• Experience: Bachelor’s degree or equivalent experience; typically a minimum of two to three years of related work experience.

Employment Details

• Required Experience: IC
• Employment Type: Full-Time
• Experience: years
• Vacancy: 1

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 applicants accessibility needs.