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.
CNA is seeking an Actuarial Senior Consultant that develops and recommends actuarial pricing and rating plans of a complex nature for CNA's proprietary Small Commercial Business Owners' product. In this role you will provide insights and analysis for the countrywide book of business influencing pricing decisions and long term pricing strategies. You will collaborate with business partners at all levels and Actuarial senior leaders and serve as a trusted advisor.
Exam taking candidates can participate in our Actuarial Education Program which provides competitive study support and exam raises as you grow your skills.
In this role you will enjoy a hybrid work schedule that typically consists of 1 day per week at one of our CNA actuarial hub office locations including Chicago, IL; Radnor, PA; Warren, NJ; New York City, NY and Walnut Creek, CA.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Establishes relationship with business partners and functional subject matter experts, provides actuarial guidance as needed.
- Builds strong relationships with peers, business partners and leaders in order to influence a specific segment's strategy through the use of actionable insights and analytics.
- Provides analyses and insights to assist in determining pricing strategy for Small Commercial Business Owners' product. May create and modify existing tools/analytics as needed.
- Proactively monitors profitability and claim trends for Small Commercial Business Owners' product and shares results with recommendations to leaders and underwriting partners/ claim, underwriting and pricing business partners.
- Provides guidance to less experienced team members and manages projects as needed.
- Produces highly technical actuarial analyses and reports. Communicate findings to other analytical staff and management.
- Stays up to date in actuarial expertise and industry trends and development.
- Drives innovation in processes while maintaining clear documentation of methods.
- Continually improve processes and maintain clear documentation of methods.
May perform additional duties as assigned.
Reporting Relationship
Director or above
Skills, Knowledge & Abilities
- Strong knowledge of core functions of an insurance company and actuarial and statistical concepts.
- Advanced actuarial technical expertise and product specific knowledge.
- Ability to effectively to communicate and influence using analyses at various levels, including senior leadership.
- Experience building successful business partnerships.
- Strong analytical, critical thinking and problem solving skills with the ability to effectively resolve complex situations and issues.
- Solid project management skills with ability to manage multiple priorities effectively and lead teams.
- Ability to make critical business decisions effectively within scope of authority.
- 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 seven years of related work experience.
- ACAS or FCAS designation.
#LI-KP1
#LI-Hybrid
In Illinois/New York/California, the average base pay range for a Senior Actuarial Consultant is $130,500 to $185,000. 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 District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $72,000 to $141,000 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.
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.