Senior Underwriter, Management Liability and Financial Institutions (MLFI)

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

Job summary

CNA Insurance is seeking a Senior Underwriter for its Management Liability and Financial Institutions segment. This role involves complex underwriting tasks, market product promotion, and developing broker relationships while ensuring compliance and effective decision-making. The ideal candidate will demonstrate advanced industry knowledge, strong negotiation skills, and leadership capabilities.

Qualifications

• Typically a minimum of five years relevant underwriting experience.
• Ability to work independently and exercise independent judgment.

Responsibilities

• Reviews applications and financial requirements for complex underwriting.
• Prepares quotes and negotiates with brokers.
• Analyzes risks and prepares reports for management.

Skills

Advanced knowledge of underwriting and insurance industry theories

Strong interpersonal skills

Analytical skills

Leadership skills

Negotiation skills

Education

Bachelor's degree or equivalent experience

Professional designations preferred

Tools

Microsoft Office Suite

Job description

Senior Underwriter, Management Liability and Financial Institutions (MLFI)

Join to apply for the Senior Underwriter, Management Liability and Financial Institutions (MLFI) role at CNA Insurance

Senior Underwriter, Management Liability and Financial Institutions (MLFI)

1 week ago Be among the first 25 applicants

Join to apply for the Senior Underwriter, Management Liability and Financial Institutions (MLFI) role at CNA Insurance

Get AI-powered advice on this job and more exclusive features.

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 technical direction, responsible for underwriting risks in a book of business within Management Liability and Financial Institutions (MLFI). Works within specific limits of authority on assignments requiring significant technical complexity and coordination. Utilizes underwriting policies and guidelines, rating manual rules and insurance laws and regulations.

JOB DESCRIPTION:

Essential Duties & Responsibilities

• Performs a combination of duties in accordance with departmental guidelines.
• Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. Also, determines the need for additional evidence of insurability and appropriate strategy.
• Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
• Prepares quotes and answers questions from Brokers, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary. Negotiates with brokers to reach positive and profitable outcomes.
• Notifies brokers of adverse underwriting decisions, rate changes, underwriting requirements, status and declinations.
• Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.
• Markets products and services through the brokerage community and makes field visits. Develops and maintains broker relationships.
• May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities.
• Keeps current on provincial and federal issues and regulations, industry activity and trends and freely shares information with others.
• Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
• Works with more specialists or management on risks exceeding authority level or requiring special handling.
  
  
  

Skills, Knowledge And Abilities

• Advanced knowledge of underwriting and insurance industry theories and practices.
• Demonstrated high level of technical expertise and product specific knowledge.
• Strong interpersonal, communication and negotiation skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
• Ability to work independently.
• Strong analytical and problem solving skills.
• Ability to exercise independent judgment and to make critical business decisions effectively.
• Knowledge of Microsoft Office Suite as well as other business-related software.
• Demonstrated leadership skills.
  
  
  

Education and Experience

• Bachelor's degree or equivalent experience. Professional designations preferred.
• Typically a minimum five years relevant underwriting experience.
  
  
  

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.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Financial Services and Insurance

Referrals increase your chances of interviewing at CNA Insurance by 2x

Sign in to set job alerts for “Senior Underwriter” roles.

Greater Toronto Area, Canada 2 months ago

Underwriter or Senior Underwriter, National Accounts Property

Underwriting Co-op (2025 Fall - Toronto, 8 or 12 months)

AVP, Underwriting Manager, Global Casualty

Senior Commercial Underwriter, Western Region

Associate Mortgage Underwriter-Third-Party Residential Underwriting

Senior Specialty Energy & Property Underwriter

Senior Underwriting Specialist, Onshore Energy

AVP, National Accounts Property Central Region

Senior Underwriter or AVP - Financial Institutions / Toronto

Intermediate/Senior Commercial Insurance Underwriter

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.