Collateral & Agreements Technician Job at CNA Insurance
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.
CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them — and their family members — achieve their physical, financial, emotional and social wellbeing goals.
For a detailed look at CNA’s benefits, check out our
Under general supervision reviews and secures agreements, contracts and collateral. Confirms authenticity of collateral documents upon receipt and annually as required.
For a detailed look at CNA’s benefits, check out our
Candidate’s Guide
.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
1. Secures signed agreements and collateral instruments from insureds/brokers and financial institutions.
2. Initiate bank confirmations with financial institutions to authenticate collateral documents received and annually thereafter to ensure they are in force.
3. Account set-up in Collateral Reporting Repository to allow for monitoring, tracking and reporting.
4. Perform quality review of agreements, confirmation letters and collateral received to assure compliance with company policy.
5. Initiate and process draws, reductions and releases on collateral as required to satisfy debt owed to CNA or protect company assets and minimize financial exposure.
6. Pursue outstanding collateral instruments and agreements to ensure timely receipt maintain the original collateral instruments and agreements in the collateral vault.
May perform additional duties as assigned.
Reporting Relationship
Manager or above
Skills, Knowledge & Abilities
1. Basic understanding of the insurance industry, its products and services.
2. Ability to work independently with minimal supervision.
3. Good verbal and written communication skills with ability to convey technical issues in a clear concise manner.
4. Good interpersonal skills to work effectively with internal business partners and influence decisions.
5. Knowledge of Microsoft Office Suite and other business related software.
2. Ability to work independently with minimal supervision.
3. Good verbal and written communication skills with ability to convey technical issues in a clear concise manner.
4. Good interpersonal skills to work effectively with internal business partners and influence decisions.
5. Knowledge of Microsoft Office Suite and other business related software.
Education & Experience
1. Associate's Degree or equivalent.
2. Typically a minimum of two years of experience in related insurance fields or positions.
2. Typically a minimum of two years of experience in related insurance fields or positions.
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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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