CNA

Senior Actuarial Consultant, Large Account Pricing

Chicago, IL, USA Full time

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 an internal promotion, CNA Insurance 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 ensuring guidance provided through various pricing and underwriting tools align with pricing review, developing loss picks and technical premium for individual large accounts, pricing closeouts as requested, monitoring and improve usage of loss rating tool. You will also perform the annual profitability review and other portfolio-level analyses as needed and interact closely with business partners to explain technical pricing indications and complete other projects as assigned.

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.

Exam taking candidates can participate in our Actuarial Education Program which provides competitive study support and exam raises as you grow your skills.

This position works a hybrid work schedule of two days per week at one of our CNA actuarial hub office locations including Chicago, IL; Radnor, PA; Warren, NJ; New York City, NY or 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. May create and modify existing tools/analytics as needed.

  • Proactively monitors profitability trends and shares results with recommendations to leaders and 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 designation and may be working towards FCAS. May include those that have attained their FCAS.

#LI-KP1

#LI-Hybrid

In Illinois/New York/California, the average base pay range for a Senior Actuarial Consultant is $134,500 to $190,500. 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, 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.