AVP, Underwriting

JOB DESCRIPTION

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

Implements strategic objectives, underwriting strategies, operational plans and best practices with substantial impact on the short-term success of a product line or segment.

Ensures the achievement of continued profitability, growth and/or operational efficiencies for large property business through assessment of risk tolerance, market appetite and emerging risk issues.

Leads, directs and has full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with strategic direction. Manages performance, execution of underwriting strategies and guidelines and external visibility.

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.

Monitors the usage and profitability of alternative pricing programs.

Drives adherence to underwriting authority delegation, audit criteria and catastrophe management for large property.

Collaborates with CNA field and business unit leaders across the company to promote one CNA with key distribution partners and cross-sell opportunities.

Maintains relationships with brokers, agents and customers to assess risk tolerance, market appetite and emerging issues.

Collaborates with business partners in Risk Control, Actuarial, Claim, Operations and Compliance to address governance and compliance issues related to underwriting practices.

Provides guidance and direction in the development of underwriting and training tools in partnership with Global Property Organization.

May take lead responsibility for the development of underwriting strategies and position papers for emerging issues when assigned.

May perform additional duties as assigned.

Reporting Relationship

Typically VP and above

Skills, Knowledge & Abilities

1. In-depth technical knowledge of underwriting theories and practices within the insurance field.
2. 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.
3. Leadership and management skills, demonstrating integrity and professionalism.
4. Ability to drive results by identifying, and resolving problems within scope of responsibility.
5. Knowledge of the insurance industry, its products and services.
6. Knowledge of Microsoft Office Suite and other business-related software.
 

Education & Experience

1. Bachelor’s degree with Master’s preferred in a related discipline, or equivalent.
2. Typically a minimum of 10 years of related work experience, with five years management experience.