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VP, Workers Compensation

CNA Financial Corp.Chicago, IL

$194,000 - $308,000 / year

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Overview

Schedule
Full-time
Career level
Executive
Remote
Hybrid remote
Compensation
$194,000-$308,000/year
Benefits
Health Insurance
Family/Dependent Health
Paid Vacation

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.

Officer position responsible for providing overall leadership and direction for loss cost management, and major case oversight and outcome for the Workers Compensation line of business. Formulates strategic priorities and operational objectives for technical claim management and/or processes for the $1.1B portfolio, in accordance with the strategic direction and priorities of the company and Claim organization. Drives efficiencies across the nearly 200 Claims employees within the Workers Compensation line of business located throughout the US with "hub" locations in California, Texas, Florida, Illinois, New York and Pennsylvania.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

  • Drives implementation of strategic and operational priorities with significant impact on the short-term success of (technical) claims management for the Workers Compensation line of business to achieve superior total claim outcome and moderate impact on the long-term success of the organization.
  • Provides strategic leadership and direction for the management of Workers Compensation claim organization, cultivating a culture of excellence. Champions CNA with an expert level of understanding of the organization's differentiating position in the industry, CNA's products and services, as well as a working knowledge and understanding of competitor's products and services.
  • Drives the development, implementation and continuous planning, organizing and leading of all claim programs, metrics, processes, results and initiatives. Analyzes and manages human capital metrics to drive increased efficiency and productivity; acts as a liaison to executive management on critical business issues and drives corporate priorities within assigned business segment.
  • Provides expert level technical oversight of high exposure claims to ensure files are investigated, evaluated, reserved and managed in a timely manner.
  • Will lead, direct and have full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with corporate strategic direction.
  • Drives for a superior customer experience and continuous improvement through the development and implementation of corporate initiatives involving human capital, processes and technology. Identifies emerging issues and trends that may have substantial impact on CNA profitability and business results.
  • Collaborates with underwriting, risk control and actuarial to ensure knowledge sharing on latest trends, market trends, legal changes and loss reserving. Regularly reports on loss trends and exposures to internal and external business partners.
  • Remains knowledgeable of current state/territory regulations and issues, industry activities and trends. May represent company in industry trade groups such as NCCI, WCRI and APCIA.
  • Create and drive efficiencies throughout the Claim organization.
  • Act as an organizational leader by being an active participant in the Extended Claim Leadership Team (ECLT) and the Senior Claims Leadership Team( SCLT).

May perform additional duties as assigned.

Reporting Relationship

Peter McCarron - SVP and Head of P&C Claims

Skills, Knowledge & Abilities

  • Mastery of Workers Compensation insurance claims principles (legal, operations, practices and procedures) and 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), team, and/or matrix environment.

  • Strong leadership and management skills demonstrating integrity and professionalism.

  • Proven 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.

  • Advanced understanding and usage of data analytics tools.

  • Work well independently and as part of a team.

  • Knowledge of Microsoft Office Suite and other business-related software.

Education & Experience

  • Bachelor's degree with Master's preferred in finance, business or a related discipline, or equivalent.

  • Typically a minimum of twelve years of related work experience, with seven years management experience.

  • Applicable certifications preferred.

#LI-Hybrid

#LI-LG1

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 $194,000 to $308,000 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 utilizes AI-enabled technology during the recruiting process. For more information, please visit our careers page.

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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FAQs About VP, Workers Compensation Jobs at CNA Financial Corp.

What is the work location for this position at CNA Financial Corp.?
This job at CNA Financial Corp. is located in Chicago, IL, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at CNA Financial Corp.?
Candidates can expect a pay range of $194,000 and $308,000 per year.
What employment applies to this position at CNA Financial Corp.?
CNA Financial Corp. lists this role as a Full-time position.
What experience level is required for this role at CNA Financial Corp.?
CNA Financial Corp. is looking for a candidate with "Executive" experience level.
What benefits are offered by CNA Financial Corp. for this role?
CNA Financial Corp. offers following benefits: Health Insurance, Family/Dependent Health, Paid Vacation, and Health & Wellness Programs for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at CNA Financial Corp.?
You can apply for this role at CNA Financial Corp. either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.