Underwriter - Financial Institutions at Continental Casualty Company in Chicago, Illinois

Job Description:

Description

Job Summary

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

Essential Duties & Responsibilities

• Performs a combination of duties in accordance with departmental guidelines:


• Reviews applications and financial requirements for risks requiring moderate 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 quotes and answers questions from agencies internal and external contacts and escalates issues as necessary.


• Prepares written communication on adverse underwriting decisions rate appeals underwriting requirements status and declinations. Verbally notifies agents of decisions where appropriate in order to ensure clear understanding of the decision.


• Analyzes quality quantity and profitability of risks underwritten and prepares reports for management review.


• May assist in marketing products and services through agencies or through the brokerage community and makes field visits.


• Develops and maintains positive agency and/or broker relationships to ensure positive outcomes.


• 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. Also may update the underwriting systems.

Job

Underwriting

Primary Location

United States-Illinois-Chicago

Organization

GlobalSpec-Financial Inst

Job Posting

Jul 21, 2021

Unposting Date

Ongoing

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