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CNA

Actuarial Consultant -P&C Reserving

Actuarial Consultant -P&C Reserving

Job Details
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Uploaded On
October 29, 2023
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Location
Chicago, United States
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Remote?
No
Company Overview
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Headquarters
Chicago, IL
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Number of Employees
5900
Estimated Number of Actuaries
145
Salary
$
49
k-$
98
k
Glassdoor Ratings
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Recommend to a Friend
71%
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Overall Score
3.8 / 5
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.

CNA is seeking an Actuarial Consultant that will assist in developing actuarial reserve strategies of a complex nature for Commercial Liability lines of business to be used by senior management for making business decisions and formulating business strategy. This role oversees and advances reserving techniques for Auto, General Liability and Umbrella lines of business while closely monitoring external trends and collaborating with business partners and Actuarial leaders. You will serve as an advisor to Actuarial peers by providing actuarial analyses in support of influencing reserving decisions and strategies.

In this position, you will enjoy a hybrid work schedule that consists of one day per week in one of our CNA Actuarial Hub offices (New York City, NY; Warren, NJ; Radnor, PA; Chicago, IL and San Francisco, 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:
  • Collaborates with business partners and functional subject matter experts, provides actuarial input as needed.
  • Partners with peers, business partners and leaders to support a specific segment's strategy through the use of actionable insights and analytics.
  • Provides support in determining pricing/reserving strategy for an assigned area. May create and modify existing tools/analytics as needed.
  • Proactively monitors reserving and claim trends for Auto, General Liability and Umbrella lines of business and shares results with actuarial leaders and peers.
  • Provides support to less experienced team members and help to manage projects as needed.
  • Stays up to date in actuarial expertise and industry trends and development.
  • Produces standard and special reports as needed.


May perform additional duties as assigned.

Reporting Relationship

Director or above

Skills, Knowledge & Abilities
  • Solid knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts.
  • Demonstrated technical expertise and product specific knowledge.
  • Strong analytical and problem solving skills with the ability to effectively resolve moderately complex situations and issues. Demonstrates attention to detail.
  • Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
  • Ability to work independently and leads multiple moderately complex projects.
  • Ability to make critical business decisions effectively within scope of authority.
  • Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.

Education & Experience
  • Bachelor's Degree in a relevant discipline, or equivalent.
  • Typically at least two years of related work experience.
  • Typically close to or has achieved Associateship accreditation. May include those with their FCAS.


#LI-KP1

#LI-Hybrid

In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In California, Colorado, Connecticut, New York and Washington, the national base pay range for this job level is $49,000 to $98,000 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.
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Working at 

CNA

CNA is an insurance company that stands out for its focus on serving the needs of businesses and organizations. The company was founded in 1897 and has since become one of the largest insurance providers in the United States. In addition to offering traditional insurance products, such as property and casualty insurance and professional liability insurance, CNA also provides risk management and consulting services to help clients identify and mitigate potential risks. CNA has a strong reputation for customer service and is known for its expertise in serving the diverse needs of businesses and organizations. The company has a national presence in the United States and also has operations in several other countries around the world.