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CNA

Consulting Director, Actuarial Modeling (Commercial Pricing)

Consulting Director, Actuarial Modeling (Commercial Pricing)

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Job Details
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Uploaded On
March 1, 2023
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Location
Chicago, IL, USA
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Remote?
No
Salary
$
78
k-$
301
k
Glassdoor Ratings
""
Recommend to a Friend
71%
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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. 

Take the next step in your career as a Consulting Director for Actuarial Modeling (Commercial Pricing) for CNA Insurance. You will join a growing team that sits at the intersection of actuarial science and data science, that integrates predictive modeling that helps form a new advanced version of the actuarial field and pushes our industry forward.

In this role, you will serve as a thought leader and lead executor for building, monitoring, and maintaining predictive models for our commercial lines pricing organization. You will collaborate with line of business actuarial teams and influence pricing strategies for our numerous business units. As a technical expert, you will also drive efforts to solve complex issues for commercial pricing.

In this position, you will enjoy career development opportunities and a hybrid work schedule that consists of one day per week in one of our CNA Actuarial hub offices (Chicago, IL; New York City, NY; Radnor, PA; Warren, NJ; or San Francisco, CA) with the option to work the remainder of your week remotely. If needed, relocation benefits will be provided as will full exam support towards FCAS accreditation.

JOB DESCRIPTION:

Essential Duties & Responsibilities

  • Lead the development of commercial pricing models across Workers Compensation, Property, General Liability, Products liability, Umbrella, Commercial Auto, and Business Owners policies
  • Utilize cloud based technologies and data infrastructure to build repeatable and standardized model ready data preparation pipelines to accelerate and scale model review cycle
  • Collaborate with line of business actuarial teams on evaluating business impacts of commercial pricing models and presenting model results to senior management
  • Ensure successful implementation, regular monitoring and maintenance of commercial pricing models
  • Builds strong relationships with peers, business partners and leaders across multiple functions in order to influence Commercial Pricing strategy through the use of actionable insights and analytics
  • Participates with senior leadership in the development and implementation of actuarial policies, business strategies and goals, regularly evaluating performance against goals, and holding self-accountable for achieving desired results
  • Stays up to date in actuarial expertise and industry trends and development in order to drive innovation through thought leadership

Reporting Relationship

Managing Director or above

Skills, Knowledge & Abilities

  • Senior level knowledge of actuarial principles, practices and procedures and industry issues as they relate to the organization and functional area.
  • Expert knowledge of using R programming language to manipulate large insurance and third party datasets for building insurance pricing models
  • Expert knowledge of applying statistical and machine learning techniques for developing insurance pricing model
  • Strong communication skills with proven experience influencing business partners at various levels.
  • Ability to achieve results by taking a proactive long-term view of business goals and objectives. 
  • Excellent analytical, critical thinking and problem solving skills with the ability to effectively resolve complex situations and issues.
  • Proven ability to exercise professional judgement and assume responsibility for decisions which have an impact on business and quality of service.
  • Solid project management skills with the ability to balance multiple concurrent projects with shifting priorities, and the ability to work both independently as well as within a team environment.
  • Ability to creatively and effectively manage through ambiguous and challenging problems, 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 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 standard base pay range for this role is $78,500 to $301,400 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.