Rate Filing Analyst

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 Rate Filing Analyst for CNA you will serve as a key team member for Commercial Pricing gaining exposure to, and partnering with professionals in Actuarial, Underwriting, Legal, Compliance and Technology.

Successful candidates are creative self-starters who are technically strong with Microsoft Excel, skilled with or driven to learn SQL and/or VBA. You will work on major projects from start to finish. Under technical direction, prepare actuarial rate filings for submission to regulatory agencies ensuring that exhibits are complete and accurate.

In this position, you will enjoy a hybrid work schedule determined by the needs of the business that typically consists of one day per week in our Chicago, IL office with the option to work the remainder of your week remotely.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

• Compiles data and prepares exhibits containing premium and claim statistics to state insurance departments, bureaus and other regulatory agencies.  Prepares error-free state filing forms, exhibits, memos and supporting materials for regulatory filings.
• Keep abreast of leading market practices and driving innovation by developing rate impact analysis tools and other rate filing exhibits.
• With little direction, responds to regulatory agencies' and bureaus' questions and objections after performing analysis, researching and/or gathering information from business partners.  Makes recommendations to business partners to influence filing outcomes.
• Prepares rate proposals (including relevant bureau circulars and competitor information), rate impact calculations, and preliminary external rate level indications to influence pricing decisions. Presents recommendations to Underwriting partners and Actuarial leaders.
• Ensures that tools and processes produce efficient, consistent, and accurate information.  Identifies shortcomings with existing tools and processes and proposes solutions.

May perform additional duties as assigned.

Reporting Relationship

Manager or above.

Skills, Knowledge & Abilities

• Broad knowledge of insurance business functions, statistical methods of analysis, actuarial ratemaking methods, regulatory reporting and industry practices.
• Knowledge and understanding of data marts and applications.
• Knowledge of computer applications, including Microsoft Office Suite and other business related software (SQL and VBA proficiency is a plus).
• Strong interpersonal, communication and presentation skills.  Ability to effectively interact with all levels of internal and external business partners. 
• Solid project management, organization, and planning skills.
• Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve moderately complex situations and issues.  Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports. 

Education & Experience

• Bachelor's degree in Mathematics, Statistics, Actuarial Science, etc. or equivalent.
• Typically a minimum of four years of related work experience.

#LI-KP1

#LI-Hybrid

In Illinois, the average base pay range for a Actuarial Filing Consultant/Rate Filing Analyst is $76,000 to $95,000. 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 $54,000 to $103,000 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 : $54,000 - $103,000