Underwriting Specialist(Commercial Construction P&C)

CNA Insurance; Washington (District of Columbia); On-site; USD 54,000 - 103,000; Full time

Job summary

An established industry player is seeking an Underwriting Specialist to assess risks in the commercial construction sector. This full-time role involves reviewing complex applications, setting pricing strategies, and managing relationships with agents and brokers. You will collaborate with internal teams while staying informed on industry regulations. The company offers a comprehensive benefits package, ensuring a supportive work environment focused on diversity and inclusion. If you possess strong analytical and communication skills, this opportunity is perfect for you to advance your career in underwriting.

Benefits

Health Insurance

401(k)

Disability Insurance

Tuition Assistance

Paid Leave

Qualifications

• 3-5 years of underwriting experience in the industry.
• Strong knowledge of underwriting principles and insurance laws.

Responsibilities

• Review applications and financial documents for complex risks.
• Prepare quotes and negotiate with agents.
• Stay updated on industry regulations and trends.

Skills

Underwriting Principles

Insurance Laws

Analytical Skills

Communication Skills

Negotiation Skills

Education

Bachelor's Degree

Professional Designations

Tools

Microsoft Office

Job description

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Job Overview

As an Underwriting Specialist, you will be responsible for assessing risks within the commercial construction sector, utilizing underwriting policies, guidelines, and relevant laws. You will work under technical direction on complex assignments, collaborating with internal teams and external agents to determine risk acceptability, pricing, and coverage.

Key Responsibilities

1. Review applications and financial documents for complex risks, determining insurability and strategy.
2. Set appropriate pricing based on analysis, ensuring compliance.
3. Prepare quotes, respond to inquiries, and negotiate with agents.
4. Communicate underwriting decisions and manage relationships with agencies and brokers.
5. Analyze risk data and prepare management reports.
6. Stay updated on industry regulations and trends, sharing insights with team members.

Qualifications

• Bachelor's degree or equivalent; professional designations preferred.
• 3-5 years of underwriting experience in the industry.
• Strong knowledge of underwriting principles, insurance laws, and industry practices.
• Excellent communication, negotiation, and analytical skills.
• Proficiency in Microsoft Office and related software.

Additional Information

This is a full-time position with a salary range of $54,000 to $103,000 annually, depending on experience and location. CNA offers a comprehensive benefits package, including health insurance, 401(k), disability insurance, tuition assistance, and paid leave. CNA is committed to diversity and provides accommodations for applicants with disabilities.