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CNA

Actuarial Director, Commercial Reserving

Actuarial Director, Commercial Reserving

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Job Details
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Uploaded On
April 11, 2024
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Location
Chicago, United States
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Remote?
No
Salary
$
184
k-$
230
k
Glassdoor Ratings
""
Recommend to a Friend
71%
""
Overall Score
3.8 / 5
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.

As a member of CNA's Actuarial organization, you will be part of a community that provides deep specialization and discipline as trusted advisors, unlocks data to enable business partners to advance our global market strategy, and drives business solutions through actionable analytics and insights.

Consider joining the Commercial Reserving team at CNA Insurance as an Actuarial Director where you will oversee highly visible and complex reserve reviews spanning commercial coverages including Auto Liability, General Liability and Umbrella. You will also lead and directly manage a team of 3 reports and collaborate with other team members to assess and monitor reserves, generate actionable insights and deepen financial acumen.

This is a great opportunity for those who are relationship driven, have a passion for developing and coaching their employees and enjoy exercising strong project management skills. You will lead a commercial lines reserving team with significant exposure to business partners across actuarial, claims and underwriting. There are also a variety of opportunities to direct the future of these reserve reviews through new methodologies, advancing diagnostics and business storytelling. You will also build significant acumen on key commercial lines.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:
  • Directs the work activities and has full management responsibility for the performance, coaching and development of a team.
  • Provides business partners and functional subject matter experts actuarial guidance and business insights related to profitability.
  • Builds strong relationships with direct reports, peers, business partners and leaders across multiple functions in order to ensure optimal implementation of business strategies aligned with actuarial insights and analytics.
  • Collaborates with and influences senior leadership in the development and implementation of reserving strategy for Auto Liability, General Liability and Umbrella. Drives innovation in products through thought leadership.
  • Participates with senior leadership in the development and implementation of actuarial policies, business strategies and goals, regularly evaluating performance against goals, and holding self and team accountable for achieving desired results.
  • Oversees the production of highly technical actuarial analyses and reports to communicate to other analytical staff and to senior management.
  • Stays up to date in actuarial expertise, state/territory regulations and industry trends and development in order to lead decisions related to line of business.
  • Ensures team is maintaining clear documentation of methods.

May perform additional duties as assigned.

Reporting Relationship

AVP or above

Skills, Knowledge & Abilities
  • Senior level knowledge of actuarial principles, practices and procedures and industry issues as they relate to the organization.
  • Ability to effectively lead, coach and develop an actuarial group.
  • Ability to achieve results by taking a proactive long-term view of business goals and objectives.
  • Experience influencing business partners at various levels.
  • Excellent analytical, critical thinking and problem solving skills with the ability to effectively resolve complex situations and issues.
  • Proven ability to exercise professional judgment, manages available resources and assume responsibility for decisions which have impact.
  • Ability to creatively and effectively manage through ambiguous and challenging problems, takes appropriate levels of risk and leads through change.


Education & Experience
  • Bachelor's Degree in a relevant discipline or equivalent.
  • Typically a minimum of ten years of related work experience.
  • Typically has attained Fellowship accreditation (FCAS).

#LI-KP1

#LI-Hybrid

In New York/California, the average base pay range for an Actuarial Director is $184,000 to $230,000. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In California, Colorado, Connecticut, New York and Washington, the national base pay range for this job level is $87,000 to $178,000 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 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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Working at 

CNA

CNA is an insurance company that stands out for its focus on serving the needs of businesses and organizations. The company was founded in 1897 and has since become one of the largest insurance providers in the United States. In addition to offering traditional insurance products, such as property and casualty insurance and professional liability insurance, CNA also provides risk management and consulting services to help clients identify and mitigate potential risks. CNA has a strong reputation for customer service and is known for its expertise in serving the diverse needs of businesses and organizations. The company has a national presence in the United States and also has operations in several other countries around the world.