Actuarial Senior Consultant - Pricing (Financial Lines)

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.

As a Senior Actuarial Consultant you will develop and recommend actuarial pricing and perform profitability reviews, technical price modeling, portfolio monitoring, and rating algorithms for the Financial Lines business unit. This role provides the opportunity to collaborate with business partners at all levels and Actuarial senior leaders. You will serve as a trusted advisor to provide actuarial analyses and insights across technical and non-technical audiences and influence pricing decisions and long-term pricing strategies.

In this role, you will enjoy a hybrid work schedule that typically consists of one day per week in one of our CNA Actuarial Hub offices (Chicago, IL; New York City, NY; Warren, NJ; Radnor, PA; or Walnut Creek, CA) with the option to work the remainder of your week remotely. Exam taking candidates can participate in our Actuarial Education Program which provides competitive study support and exam raises as you grow your skills.

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 specific profitable growth strategies through the use of actionable insights and analytics.
• Provides analyses and insights to assist in determining pricing strategy for management liability and financial institutions E&O coverages as well as employment practice liability, directors & officers liability, fiduciary, fidelity, etc. May create and modify existing tools/analytics as needed.
• Proactively monitors profitability and claim trends for the coverages mentioned above. Shares results with recommendations to leaders, underwriting, claim, 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 / assumptions.

May perform additional duties as assigned.

Reporting Relationship

Director or above

Skills, Knowledge & Abilities

• Strong knowledge of core functions of an insurance company as well as actuarial and statistical concepts.
• Advanced actuarial technical expertise and knowledge on products.
• Ability to effectively to communicate and influence using analyses at various levels, including senior leadership.
• Strong analytical, critical thinking and problem-solving skills with the ability to effectively resolve complex situations and issues with limited data.
• Solid project management skills with ability to manage multiple priorities effectively and lead teams. 
• Ability to perform duties with a sense of urgency; utilizes and manages all available resources to meet due dates.
• Capable of making critical business decisions effectively within scope of authority.
• Ability to creatively and effectively manage through ambiguous and challenging problems, leading through change.
   

Education & Experience

• Bachelor’s Degree in a relevant discipline or equivalent.
• Typically a minimum of seven years of related work experience.
• Experience and proficiency with R or Python.
• Associate or Fellow of the Casualty Actuarial Society.

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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.

Salary : $72,000 - $141,000