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Job · Chicago, IL · Full time

Underwriting Associate (Life Sciences)

Cna Employees' Health Plan Trust · $85.6M budget · Since 1988

Why Cna Employees' Health Plan Trust

FY2024 · Form 990Its mission and biggest programs, as filed

Offers health, welfare, and unemployment benefits to VEBA members.

  • The primary purpose of this tax exempt irc section 501(c)(9) voluntary Employees' beneficiary association ("veba") is to provide permissible welfare benefits to the veba members. The veba Trust provided benefits for 5,328 active participants and 457 retired or separated participants…$90M spent in FY2024

Before you apply

FY2024 · Form 990Independent: from IRS data, not the org
Budget
$90.0M
spent in FY2024
Fine: from the org's Form 990.
Pt I · Ln 18
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Surplus or deficit
−5%
of revenue, FY2024
Concern: revenue was below expenses in the latest filing.
Pt I · Ln 19
Cash reserves
<1 mo
of spending, in cash and securities
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file
IRS status
501(c)(9)
tax-exempt since 1988
Looks good: listed by the IRS.
IRS BMF
Looks goodFineWorth a lookConcernTap a box for the reason.

About the role

The org's own posting, as written

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 broad supervision, responsible for underwriting risk for the underwriting lifecycle from submission through policy issuance, for both renewal and new business within limited authority. Partnering with Underwriters on all aspects of the Underwriting function including: providing the necessary information to allow for UW to make prudent underwriting decisions.

JOB DESCRIPTION

Performs a combination of duties in accordance with departmental guidelines: 1. Performs underwriting analysis and documentation to determine acceptability of risk in accordance with company guidelines and standards for renewal and new business within assigned Letter of Underwriting Authority. 2. Handles endorsement requests within delegated authority. Refers endorsements outside of authority to underwriter with recommended action. Independently engages agency to clarify intent of endorsement or seek missing information. 3.

Handles assigned renewal book within assigned authority and demonstrates the ability to triage renewal applications/specs and formulate next steps for the underwriter with outlined changes or points of attention for accounts outside authority. 4. Works as a liaison within the branch, or across CNA to resolve issues (billing and collections, risk control, underwriting guidance from cabinet members, line of business, underwriting services subject matter experts) 5. Documents assigned files ensuring completeness, compliance, and quality (correspondence, proposals, endorsements, cancellations, etc.). 6.

Executes on advanced pricing strategy (i.e. business unit pricing tools) on behalf of the Underwriter in compliance with regulatory and CNA specific underwriting strategies and demonstrates ability to document pricing rationale 7. Completes quote proposals and negotiates with external partners within assigned authority. 8. Leveraged as the first-line point of contact to the producers/customers on account related matters while proactively identifying opportunities for up sell or account rounding. 9. Assist in marketing products and services through external partners and makes field visits. 10. Expert on systems and workflows.

Serves as a resource to others (train, problem solver, coach ) and conduit for feedback to internal underwriting partners. 11. Keeps current on line of business strategy, state/territory issues, regulations and trends. Skills, Knowledge & Abilities 1. Knowledge of Property and Casualty underwriting including insurance products, policy processing procedures and documentation. 2. Strong time management, and analytical skills 3. Strong interpersonal and communications skills. Ability to effectively interact with all levels of CNA’s internal and external…

Read the full posting

About Cna Employees' Health Plan Trust

From its Form 990