Offer summary

Qualifications:

Bachelor's degree in finance or related discipline, or equivalent work experience required., Minimum of four years’ experience in collections or cash flow-based programs preferred., Strong understanding of collateral requirements and financial agreements., Proficient in Microsoft Office Suite, especially Excel. .

Key responsabilities:

Review and analyze loss reports and agreements to determine collateral requirements.

Present recommendations to Legal and Underwriting to resolve errors and discrepancies.

Create management reports specific to each underwriting office.

Assist underwriters in drafting initial collateral and finance agreements.

Job description

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.

Under technical direction, determines collateral requirements at program inception and duration of program to reduce company's financial exposure. Reviews loss reports and determines collateral requirements, completes necessary adjustments based on contacts and sold programs.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

Review and analyze loss reports and agreements to determine collateral requirements subsequent to policy expiration and annually thereafter.
Analyze complicated contract documentation to ensure proper agreements issued to support sold program are accurate and in line with account confirmation.
Present recommendations to and work with Legal and Underwriting to resolve errors and discrepancies.
Determines best course of action for expiring or non-renewing collateral to protect company assets and minimize financial exposure.
Creates management reports specific to each underwriting office.
Stays up to date on trends in area of expertise and the insurance industry.
May assist underwriters in drafting initial collateral and finance agreements.

May perform additional duties as assigned.

Reporting Relationship

Manager or above.

Skills, Knowledge & Abilities

Strong communication skills and interpersonal skills to work effectively with underwriters, brokers and insureds directly.
Ability to negotiate and influence business partners to obtain collateral and agreements which protect the company.
Sound decision-making and problem-solving skills.
Strong understanding of collateral requirements, financial agreements, and corporate policies.
Strong skill with Microsoft Office Suite, especially Excel and use of formulas and pivot tables.

Education & Experience

Bachelor's degree in finance, or other related discipline, or equivalent work experience required.
Typically, a minimum of four years’ experience in collections or working with cash flow-based program and collateral preferred.

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In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $54,000 to $103,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. 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.

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact leaveadministration@cna.com.

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