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CNA

Actuarial Director, Reserving

Actuarial Director, Reserving

Job Details
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Uploaded On
July 31, 2023
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Location
Chicago, IL, USA
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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
$
78
k-$
301
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. 

A seasoned Actuary who directly manages, plans and implements data, reporting and analytics in support of P&C Actuarial Reserving Department. A key component of this role will be leading the department’s migration of data processes into a cloud environment (Google Cloud Platform). Leads a team and directs the activities of this actuarial area. Is accountable for meeting the data needs of individual line of business teams for quarterly reserve reviews. Drives improvements in process efficiencies and quality of data and tools used by reserving department.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

  • Assist in enterprise initiatives for data structures and visualizations to facilitate consistency and efficiency in extracting and analyzing data across the P&C Reserving department.
  • Serve as an expert and a change champion on modern cloud-based technologies for the P&C Reserving department.
  • Ensures data integrity by developing and executing necessary processes and controls around the flow of data.
  • Innovate and improve efficiency of managing data to allow for greater speed and accuracy of producing analyses, metrics and insights.
  • Collaborates with management, technical staff and subject matter advisors to understand business needs/issues, troubleshoot problems, conduct root cause analysis and develop cost effective resolutions for data anomalies
  • Supports delivery of key items including but not limited to the Statement of Actuarial Opinion, reserve review documentation and audit requests.
  • Directs the work activities and has full management responsibility for the performance, coaching and development of a team.
  • Builds strong relationships with direct reports, peers, business partners and leaders across multiple functions to support business strategies aligned with actuarial insights and analytics.
  • 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 team accountable for achieving desired results.
  • Ensures team is maintaining clear documentation.

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.  
  • Ability to effectively lead, coach and develop an actuarial group.  
  • Ability to achieve results by taking a proactive long-term view of business goals and objectives. 
  • Experience influencing business partners at various levels.
  • Ability to achieve results by taking a proactive long-term view of business goals and objectives.  
  • Excellent analytical, critical thinking and problem solving skills with the ability to effectively resolve complex situations and issues.
  • Proven ability to exercise professional judgment, manages available resources and assume responsibility for decisions which have impact.
  • Ability to creatively and effectively manage through ambiguous and challenging problems, takes appropriate levels of risk and 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 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 standard base pay range for this role is $78,500 to $301,400 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.