VP, Underwriting - Global Casualty Referral Unit

CNA Insurance • Chicago, IL

8d • $194,000 - $308,000 • Hybrid

About The Position

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. Officer position responsible for providing overall underwriting excellence through management and tactical direction for a product line or segment. Directs the development of the implementation strategy and operational objectives for multiple product lines or segments, in accordance with the company’s strategic plans. This officer position provides leadership and oversight for underwriting excellence across casualty product lines, ensuring alignment with the company’s long-term goals and profitability objectives. The position plays a critical role in executing corporate strategy and underwriting policy, driving innovation, operational efficiency, and market responsiveness. Through close collaboration with underwriting business units and individual product leaders, this leader ensures the application and execution of underwriting strategies that support sustainable growth, risk management and talent development through leadership of the Global Casualty Referral Unit. JOB DESCRIPTION: Essential Duties & Responsibilities Performs a combination of duties in accordance with departmental guidelines:

Requirements

• Mastery of underwriting discipline and knowledge in the insurance field and a broad understanding of the critical issues in other related areas.
• Advanced communication skills which are critical to building consensus across area of influence (external and/or internal relationships), teams and/or matrix environment.
• Strong leadership and management skills demonstrating integrity and professionalism.
• Ability to drive results by identifying and resolving significant problems within scope of responsibility.
• Senior level knowledge of the insurance industry, its products and services.
• Knowledge of Microsoft Office Suite and other business-related software.
• Bachelor’s degree with Master’s preferred in a related discipline, or equivalent.
• Typically a minimum of 12 years of related work experience, with seven years management experience.

Nice To Haves

• Chartered Property Casualty Underwriter (CPCU) designation preferred.

Responsibilities

• Drives implementation of strategic and operational objectives with significant impact on the short-term success of a casualty product lines or segments and moderate impact on the long-term success of the company.
• Acts as senior level referral officer for exceptions to strategy, guidelines and authority for Casualty product lines.
• In collaboration with Casualty product line leaders, develops and maintains underwriting guidelines and best practices, in accordance with federal and state regulations, to ensure the integrity of the product line or segment.
• Ensures the achievement of continued profitability, growth and/or operational efficiencies for Casualty product lines through assessment of risk tolerance, market appetite and emerging risk issues.
• Evaluates underwriting performance based on financial analysis. Includes rate, reserve adequacy, operational, planning and product reviews. Provides results to members of the senior management team and develops plans to resolve issues.
• Informs overall direction for underwriting authority delegation, audit criteria and catastrophe management for casualty product lines or segments.
• Collaborates with business partners in Risk Control, Underwriting Shared Services, Actuarial, Claim, Operations, Technology and Compliance to address governance and compliance issues related to underwriting practices.
• 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.
• Conducts research, analysis and development of insurance products. Assimilates trends in the industry, determines underwriting best practices and contributes to training/development curricula for a product line or segment.
• May participate in rating bureau boards to keep abreast of industry, rating, coverage and benefit issues. Fosters relationships with insurance commissioners and regulators.
• May perform additional duties as assigned.

Benefits

• CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA’s benefits, please visit cnabenefits.com.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 5,001-10,000 employees