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VP, Workers Compensation

CNA

  • Chicago, Illinois
  • 23 days ago
  • $194,000–$308,000 Per Year
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Skills

  • Actuarial Skillsunmatched
  • Analysis Skillsunmatched
  • Business Strategyunmatched
  • Claims Managementunmatched
  • Claims Processingunmatched
  • Communication Skillsunmatched
  • Continuous Improvementunmatched
  • Cost Controlunmatched
  • Customer Experienceunmatched
  • Data Analysisunmatched
  • Emerging Technologyunmatched
  • Financeunmatched
  • Financial Trend Analysisunmatched
  • Human Capitalunmatched
  • Identify Issuesunmatched
  • Industry/Trade Analysisunmatched
  • Insuranceunmatched
  • Insurance Claimsunmatched
  • Leadershipunmatched
  • Legalunmatched
  • Market Trend Analysisunmatched
  • Metricsunmatched
  • Microsoft Officeunmatched
  • Operational Strategyunmatched
  • People Managementunmatched
  • Problem Solving Skillsunmatched
  • Productivity Managementunmatched
  • Profit & Lossunmatched
  • Public/Media/Press/Analyst Relationsunmatched
  • Risk Managementunmatched
  • State Laws and Regulationsunmatched
  • Strategic Planningunmatched
  • Succession Planningunmatched
  • Talent Managementunmatched
  • Team Playerunmatched
  • Technical Leadershipunmatched
  • Time Managementunmatched
  • Trend Analysisunmatched
  • Underwritingunmatched
  • Usage Analysisunmatched
  • Worker's Compensationunmatched

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

Numbers & Facts

LocationChicago, Illinois
IndustryOther/Not Classified
Salary$194,000–$308,000 Per Year
Company Size100 to 499 employees
Year Founded1940
Websitehttps://www.cna.org/

About Company

CNA's approach to research is a modern iteration of the Newtonian principle that complex, dynamic processes are best understood through direct observation of events and people. That was the methodology CNA analysts first applied in the 1940s when they pioneered the field of operations research by helping the Navy address the German U-boat threat. Not content to study the problem from afar, this small group of MIT scientists insisted on deploying with Navy forces in order to observe operations and collect the data needed for meaningful analyses. Their groundbreaking work, and the anti-submarine warfare equations it produced, set a standard for operations research methods that CNA has maintained for 75 years. Today, with more than 500 professionals at our headquarters and 50 researchers in the field, CNA still takes a multi-disciplinary, real-world approach to our work. On-site analysts carefully observe all aspects of a process—people, decisions, actions, consequences—and then collaborate with a headquarters-based research team to assess data and arrive at findings. CNA's objective, empirical research and analysis helps decision makers develop sound policies, make better-informed decisions, and manage programs more effectively. Our work, which in its early decades focused solely on defense-related matters, has grown to include investigation and analysis of a broad range of national security, defense, and public interest issues including education, homeland security and air traffic management. Through our Center for Naval Analyses and Institute for Public Research, we provide public-sector organizations with the tools they need to tackle the complex challenges of making government more efficient and keeping our country safe and strong.

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