AVP, Management Liability and Financial Institutions (Central and Eastern Region)

CNA Insurance; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a dynamic officer to lead underwriting excellence in Management Liability and Financial Institutions. This role involves strategic implementation, risk assessment, and collaboration with various business partners to ensure best practices in underwriting. With a focus on talent management and succession planning, you will drive results and maintain strong relationships with brokers and customers. If you are passionate about the insurance field and have a proven track record in leadership and underwriting, this is an exciting opportunity to make a significant impact in a supportive and innovative environment.

Qualifications

• 10+ years of experience in underwriting with 5 years in management.
• Strong knowledge of underwriting theories and the insurance industry.

Responsibilities

• Implement underwriting strategies and ensure profitability and growth.
• Lead and develop a high-performing underwriting team.

Skills

Leadership Skills

Mentoring

Underwriting Knowledge

Communication Skills

Problem Solving

Insurance Industry Knowledge

Team Development

Decision Making

Education

Bachelor's Degree in a Related Discipline

Chartered Insurance Professional (CIP)

Tools

Microsoft Office Suite

Job description

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.

Officer position responsible for providing underwriting excellence through management of Management Liability and Financial Institutions within the Central & Eastern Regions. Ensures effective management and implementation of strategic objectives and policies for the product lines, in accordance with the company's strategic plans.

JOB DESCRIPTION:

Essential Duties & Responsibilities

• Implements strategic objectives, underwriting strategies and best practices with substantial impact on the short-term/long-term success of Management Liability & Financial Institutions.
• Ensures the achievement of continued profitability, growth and/or operational efficiencies for the segment through assessment of risk tolerance, market appetite and emerging risk issues.
• Evaluates underwriting performance based on financial analysis. Includes rate, reserve adequacy, operational, planning and product reviews. Provides results to members of the underwriting management team and develops plans to resolve issues.
• Drives adherence to underwriting authority delegation, audit criteria and portfolio management.
• Collaborates with business partners in Actuarial, Claim, Operations and Compliance to work to have best in class governance and compliance related to underwriting practices.
• Provides guidance and direction in the development of underwriting and training tools.
• Lead, direct and have full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with strategic direction in partnership with Senior Management & HR.
• Take responsibility for the development of underwriting strategies and position papers for emerging issues when assigned.
• Maintain relationships with branches, brokers, and customers to assess risk tolerance, market appetite and emerging issues.

May perform additional duties as assigned.

In all responsibilities and interactions, all employees are expected to embrace and embody CNA’s Winning Behaviours with a high degree of empathy and positivity including – to be externally focused, accountable, collaborative, innovative, inclusive and continuously learning.

Skills, Knowledge and Abilities

• Ability to mentor and develop a high-performing underwriting team.
• 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.
• Ability to identify, lead, coach, develop and retain top talented underwriting professionals.
• Ability to effectively manage through challenging business problems, lead through change and take appropriate levels of risks.
• Demonstrates the knowledge and understanding of when and how to use metrics to make informed business decisions.
• Knowledge of Microsoft Office Suite and other business-related software.

Education and Experience

• Bachelor's degree in a related discipline, or equivalent.
• Typically a minimum of ten (10) years of related work experience, with five years management experience.
• Chartered Insurance Professional (CIP) or other insurance designations preferred (RPLU).

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.