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A seasoned Actuary who directly manages, plans and implements large complex actuarial studies and pricing strategies. Leads a team and directs the activities of this actuarial area. Is accountable for working to establish a pricing strategy for PRODUCT LINE/SEGMENT. Provides consultation to Underwriting Partners.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Direct the work activities of a team of actuarial analysts, with full management responsibility for the performance, coaching and development of the team.
- Provide business partners and functional subject matter experts actuarial guidance and business insights related to profitability.
- Act as account manager on key broker/client engagements.
- Build strong relationships with direct reports, peers, business partners and leaders across multiple functions in order to ensure optimal implementation of business strategies aligned with actuarial insights and analytics.
- Collaborate with and influence senior leadership in the development and implementation of pricing strategy for Medical Professional Liability for Dentists, Physicians, Allied Healthcare Facilities, and Alternative Risks.
- Drive innovation in products through thought leadership.
- Participate with senior leadership in the development and implementation of actuarial policies, business strategies and goals, regularly evaluating performance against goals, and holding self and team accountable for achieving desired results.
- Oversee the production of highly technical actuarial analyses and reports to communicate to other analytical staff and to senior management.
- Oversee compilation of analytical datasets, including premium and claim data.
- Oversee the valuation of actuarial liabilities of insurer through reserve analysis, loss development, quantification of provisional margins for deviations, and review of the insurer's financial condition.
- Stay up to date in actuarial expertise, state/territory regulations and industry trends and development in order to lead decisions related to line of business.
- Ensure team is maintaining clear documentation of methods.
Up to 80% telecommuting permitted..
Reporting Relationship
Typically Manager or above
Education & Experience
- Bachelor's degree in Mathematics, actuarial science or related
- 3 (three) years of experience as an actuarial analyst, actuarial associate, actuarial consultant or related.
Must have some work experience with each of the following:
- Successful completion of at least eight CAS exams;
- Conduct P&C actuarial pricing indications for multiple insurance product lines, including medical malpractice, by reviewing trends, loss development, large loss analysis, mix shift, on-leveling and prepare the corresponding rate filings for insurance regulators with the goal of improving price adequacy;
- Compile analytical datasets, including premium and claim data, using SAS/SQL for various actuarial analyses for business insights and recommendations to optimize retention, and enhance both growth and underwriting profit;
- Conduct the valuation of actuarial liabilities of insurer through reserve analysis, loss development, quantification of provisional margins for deviations, and review of the insurer's financial condition. Up to 80% telecommuting permitted.
Location United States - Arizona - Scottsdale
Organization - Actuary
Mon-Fri., 8:30am - 4:45pm, 37.5 hours/week, $119,850 to $163,410 per year, overtime exempt. This position qualifies for CNA's employee referral policy program.
Apply: Submit cover letter and resume at www.cna.com
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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.
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.