Underwriting Audit Consultant
7 days ago
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.
This position is responsible for supporting the audit function and all associated activities across all lines of business for CNA Canada. The Underwriting Auditor will also monitor compliance with legal and regulatory requirements within the underwriting governance framework. The role will additionally involve assisting with development and implementation of the underwriting governance framework, particularly associated with underwriting authorities and underwriting guidelines.
JOB DESCRIPTION:
RESPONSIBILITIES
- The key function is the support of the underwriting quality control process to ensure we maintain a robust approach to underwriting controls within appropriate timescales for the entire organization. This will involve strong communication and management skills to support the underwriting audit function and closely liaise with the Business Unit Heads.
- Monitor all actions arising out of Underwriting Audits, Peer Reviews and Independent Peer Review.
- Coach and advise underwriters participating in the audit process to ensure that they are able to effectively contribute to the audit process.
- Monitor compliance with legal and regulatory requirements within the underwriting governance framework.
- Prepare communications regarding the underwriting audit results to the Operations and Underwriting Governance AVP and Underwriting Governance Specialist and provide regular reports to the relevant Business Unit Heads, senior management and the Underwriting Committee, presenting the results when required.
- Ensure audit integrity and objectivity through execution of Global Audit Procedures
- Provide support for the issuance of all staff underwriting authorities. Ensure that all authorities are reviewed on an annual basis and that all new starts are processed appropriately.
- Assist underwriting governance with the implementation of Underwriting Controls and provide support in the administration of exception reporting.
- Support underwriting governance in the production and issuance of key underwriting management information associated with exception reporting.
- Provide support to the Business Unit heads to coach new employees on CNA Canada underwriting principles
- Provide support to Operations in monitoring and managing the level of contract certainty within the organization.
QUALIFICATIONS
- Knowledge and experience of the Canadian insurance market.
- Very strong communication, negotiation and presentations skills with the ability to manage difficult conversations.
- Detailed knowledge and experience of either a technical area, underwriting a commercial line of business or a role in compliance for a commercial insurer.
- Ability to manage logístical issues to ensure that the audit team has the infrastructure in place to allow them to work remotely.
- Solid analytical and problem solving skills, able to identify, analyze and resolve issues.
- Knowledge of Microsoft Office Suite as well as other business-related software.
- Strong report authoring skills as the role will involve drafting a number of reports to stakeholders, including top management.
- Ability to work in conjunction with a number of key departments including Underwriting, Legal & Compliance and Internal Audit.
- Effective time management to ensure the Underwriting Audit timetable is adhered to.
- Ability and willingness to travel if needed
Reporting Relationship: Manager or Above
Education & Experience
1. Bachelor’s degree or equivalent.
2. Typically a minimum of 3-5 years of related work experience in underwriting or underwriting Audit.
3. Chartered Insurance Professional Designation CIP preferred but not required
At CNA, we are committed to providing equal employment opportunities to all employees and applicants. It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job. If you require an accommodation during the hiring process or upon hire, please inform Human Resources. If a selected applicant requests accommodation during the recruitment process, CNA will consult with the applicant in order to provide suitable accommodation that takes into account the applicant’s accessibility needs.
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