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CNA Insurance · 4 months ago

Surety Underwriting Trainee

Sioux Falls, SD, USA

Full-time

Onsite

New Grad, Entry Level

CNA Insurance is dedicated to creating a supportive culture for its employees and offers a comprehensive benefits package. The Surety Underwriting Trainee will learn underwriting practices under close supervision, reviewing insurance applications and making recommendations based on analysis of risk.

FinanceFinancial ServicesInformation ServicesInformation TechnologyInsuranceProperty ManagementReal EstateRisk Management

Responsibilities

Reviews insurance applications and documentation to determine if the applicant is an acceptable 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 written communications 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 decisions

Uses available underwriting systems and modeling tools; updates the underwriting systems by documenting pertinent information relative to the underwriting requirements, status and final decision

Prepares quotes and answers questions from agencies and internal or external customers, escalating issues to management as necessary. Negotiates with agents to reach positive and profitable outcomes

Carries out responsibilities consistently, dependably and accurately

Makes field visits to Agent and Broker offices to build relationship and better understand territory and market nuances; accompanies Risk Control on visits to insureds or prospective insureds to better understand risk control assessments relating to risk exposure and control

Interacts with Claim personnel on issues relating to specific claims, and other internal customers such as legal and actuarial concerning the insurability of prospective risks and continued insurability

Develops a working knowledge of product language across all CNA business units, underwriting practices, policies and guidelines

Develops a full, working knowledge of all relevant CNA system

May perform additional duties as assigned