What are the responsibilities and job description for the Senior Actuarial Consultant - Large Account Pricing position at CNA?
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.
Due to growth, CNA Commercial Pricing has an opening for a Senior Actuarial Consultant focused on Large Account Pricing. This role supports loss-rated and loss-sensitive casualty business across Commercial, including workers compensation, general liability, and commercial auto.
The large casualty portfolio is a growing book of business with over 420M of in force premium. Key responsibilities include developing loss picks and technical premium for individual large accounts, pricing closeouts as requested, monitoring and improving usage of the loss rating tool, performing an annual profitability review and other portfolio analyses, and being a trusted advisor with business partners. Previous large account pricing experience is not required, but successful candidates should have a strong desire to learn the necessary skills and techniques from others on the team.
This is a great opportunity for those who want to enhance actuarial influence by working closely with and delivering actionable insights to Underwriting. Our team also allows the chance for an actuary to broaden their pricing expertise across multiple casualty lines of business.
This position enjoys 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 :
- 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.
May perform additional duties as assigned.
Reporting Relationship
Director or above
Skills, Knowledge & Abilities
Education & Experience
LI-KP1
LI-Hybrid
In New York / California, the average base pay range for a Senior Actuarial Consultant is $143,500 to $179,500. 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, Maryland, New York and Washington, the national base pay range for this job level is $71,000 to $133,000 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.
Salary : $71,000 - $133,000
