Position Summary
We are seeking to hire a Construction Underwriter to work in the Manchester Team.
Under broad supervision, responsible for new business for Construction Liability/CAR risks through a panel of brokers. Works within limited authority on assignments of moderate technical complexity. Utilises underwriting policies and guidelines, rating manual rules and insurance laws and regulations.
Key Responsibilities
- Reviews applications and financial requirements for risks requiring 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 quotations and answers questions from Brokers, internal and external contacts and escalates issues as necessary.
- Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations. Where appropriate, verbally notifies Brokers of decisions in order to ensure clear understanding of the decision.
- Analyses quality, quantity, and profitability of risks underwritten and prepares reports for management review.
- Assist in marketing products and services through the brokerage community and make field visits.
- Develop and maintain positive Broker relationships.
- Maintains current knowledge on state/territory issues, regulations and trends.
- Work with more senior underwriters or management on risks exceeding authority level or requiring special handling.
- Develop proficiency in all relevant CNA systems.
- Provision of underwriting/referral support for CNA Online underwriters when required.
- May update the underwriting systems.
- May perform additional duties as assigned.
Skills, Knowledge & Abilities
- Knowledge of Liability underwriting and insurance industry theories and practices.
- Developing technical expertise and negotiation skills.
- Strong interpersonal and communication skills.
- Strong organisational skills.
- Ability to effectively interact with peer level CNA internal and external business partners.
- Ability to work independently.
- Strong analytical and problem-solving skills
- Ability to exercise independent judgment and make sound business decisions effectively.
- Strong knowledge of Microsoft Office Suite as well as other business-related software
The Company
CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We offer a highly specialised and comprehensive portfolio of innovative and market leading products. Coverage is available to businesses of all sizes for domestic, international and global exposures.
