Senior Actuarial Consultant - Large Account Pricing

Due to growth, CNA Commercial Pricing has an opening for a Large Account Pricing Actuary. This role supports loss-rated and loss-sensitive casualty business across Commercial, including workers compensation, general liability, and commercial auto.

Responsibilities include the following:

• Ensure guidance provided through various pricing and underwriting tools align with pricing review.
• Develop loss picks and technical premium for individual large accounts.
• Price closeouts as requested.
• Monitor and improve usage of loss rating tool.
• Perform annual profitability review and other portfolio-level analyses as needed.
• Interact closely with business partners to explain technical pricing indications.
• Other projects as assigned.

Previous large account pricing experience is not required, but successful candidates are collaborative and possess a strong desire to learn the necessary skills and techniques from others on the team.

• Performs complex actuarial calculations and actuarial studies and develops rates for existing and/or new business.
• Determines pricing or reserve strategy for an assigned area and analyzes existing pricing tools, modifying or creating new pricing tools, as needed.
• Monitors the profitability and trends for a product line or segment.
• Ensures accuracy of all financial reports and statements.
• Produces highly technical reports and communicates with other analytical staff and management including presentations to senior management.
• Manages project teams and may be responsible for special projects and presentations.
• Facilitates communication and provides technical guidance to Underwriting regarding the pricing of new and/or existing business and partners with other functional groups (e.g., Claims, Finance) on actuarial issues.
• Provides guidance to less experienced team members and may lead and/or participate in special projects.
• Stays up to date in functional area of expertise, on industry trends and developments, and assures knowledge transfer within the organization.
• May review and submit rate filings and contacts regulatory and state agencies as necessary.

• Strong knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts.
• Advanced actuarial technical expertise and product specific knowledge. Candidate should have experience in or the capacity to use Excel at a proficient level. Experience in a programming language such as SQL, R or VBA is preferred.
• Strong interpersonal, communication and presentation skills. Ability to effectively interact with all levels of CNA’s internal and external business partners.
• Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve complex situations and issues
• Solid project management, organization, and planning skills with the ability to manage multiple projects effectively and lead teams.
• Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews.
• Ability to solve issues with a sense of urgency; utilizes and manages the available resources to make informed decisions and achieve superior results.
• Ability to creatively and effectively manage through ambiguous and challenging problems, leads through change and takes appropriate levels of risk.
• Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.
• Solid knowledge of Microsoft Office Suite and other business-related software systems, including processing systems and applications.

• Bachelor's Degree in a relevant discipline, or equivalent.
• Typically a minimum of seven years of related work experience.
• Associate or Fellow of the Casualty Actuarial Society.