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Actuarial Consulting Director - Umbrella & Excess Casualty Pricing

Actuarial Consulting Director - Umbrella & Excess Casualty Pricing

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Job Details
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Uploaded On
August 23, 2024
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Location
New York, 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
$
166
k-$
208
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.

Due to growth, CNA Insurance has a new opportunity in Commercial Pricing for an Actuarial Consulting Director responsible for Umbrella and Excess Casualty. This seasoned Actuary supports a growing book of business of over $1 Billion annual premium while serving as a leader to others on the team.

Key responsibilities include the annual profitability review, strengthening technical premium methods, regular trend analyses, and influencing product leaders on pricing strategy for these products. Actionable insights and analytics will be very important. This role includes significant collaboration with multiple business partners.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:
  • Provides business partners and functional subject matter experts actuarial guidance and business insights related to profitability.
  • Builds strong relationships with peers, business partners and leaders across multiple functions in order to influence pricing strategy through the use of actionable insights and analytics.
  • Works with senior management in the development and implementation of pricing strategies for Umbrella and Excess Casualty. Drives innovation in products through thought leadership.
  • Responsible for the monitoring of profitability and trends for Umbrella and Excess Casualty. Shares results with recommendations to business partners and actuarial leaders.
  • Participates with senior leadership in the development and implementation of actuarial policies, business strategies and goals, regularly evaluating performance against goals, and holding self and others accountable for achieving desired results.
  • Stays up to date in actuarial expertise and industry trends and development in order to lead decisions related to line of business.
  • Produces highly technical actuarial analyses and reports. Delivers findings presentations to senior management.

May perform additional duties as assigned.

Reporting Relationship

AVP or above

Skills, Knowledge & Abilities
  • Senior level knowledge of actuarial principles, practices and procedures and industry issues as they relate to the organization and functional area.
  • Ability to achieve results by taking a proactive long-term view of business goals and objectives.
  • Experience influencing business partners at various levels.
  • Excellent analytical, critical thinking and problem solving skills with the ability to effectively resolve complex situations and issues.
  • Proven ability to exercise professional judgement and assume responsibility for decisions which have an impact on business and quality of service.
  • Solid project management skills with ability to manage multiple priorities effectively and lead teams.
  • 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 ten years of related work experience.
  • Typically has attained Fellowship accreditation (FCAS).


#LI-KP1

#LI-Hybrid

In New York/California, the average base pay range for an Actuarial Consulting Director is $166,500 to $208,000. 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, Maryland, New York and Washington, the national base pay range for this job level is $87,000 to $178,000 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.