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CNA

CNA

AVP & Actuary, Pricing (P&C)

AVP & Actuary, Pricing (P&C)

Job Details
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Uploaded On
October 1, 2024
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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
$
k-$
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.

CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them - and their family members - achieve their physical, financial, emotional and social wellbeing goals.

For a detailed look at CNA's benefits, check out our Candidate Guide.

Officer position responsible for oversight, direction and management of actuarial pricing for large account casualty business. Ensures effective implementation of strategic objectives and policies within pricing for large account casualty business, in accordance with the company's strategic plans. Develops pricing strategies and financial forecasts to support business leaders in achieving large account casualty business profitability and growth objectives.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

  • Implements strategic objectives with substantial impact on the short-term success for actuarial pricing for large account casualty business.
  • Establishes and manages pricing initiatives that have significant impact on the short-term success of large account casualty business. Includes developing indicated pricing levels for individual loss sensitive and ground up accounts.
  • Monitors profitability of large account casualty business to ensure present and future pricing strategies achieve short-term growth and profitability objectives. Partners with Actuarial - Reserving, Claim, Underwriting, Finance and other internal departments to exchange data and analyses of financial indicators.
  • Presents large account casualty business analyses to senior management and makes recommendations on pricing and pricing-related issues.
  • Oversees preparation and accuracy of reports used for internal actuarial analysis.
  • Fosters innovation and empowers others to review existing methodologies and procedures and continuously improve skill, efficiency, and quality of work.
  • Remains current on state/territory issues and regulations, industry activity and trends. May represent the company in industry trade groups.
  • Leads, directs, and has full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with corporate strategic direction.
  • May act as expert witness and may represent the company with government agencies.
  • Leads the development and implementation of effective pricing/rating structures.
  • Ensures data, methodology, and processes used in analysis and pricing meet actuarial standards of practice and that the output consistently meets expected quality standards.
  • Participates and engages in initiatives and activities affecting the boarder pricing team and actuarial communities such as recruiting, development, training, and other enterprise activities.


May perform additional duties as assigned.

Reporting Relationship

Typically, VP and above

Skills, Knowledge & Abilities
  • In depth knowledge of actuarial pricing theories and practices, strong statistical modeling skills and working knowledge of a variety of product lines within insurance as it relates to pricing.
  • Ability to effectively collaborate with all levels of external and/or internal business partners within scope of responsibility, team and/or matrix environment.
  • Leadership and management skills demonstrating integrity and professionalism.
  • Excellent communication skills including the ability to translate complex actuarial concepts and analysis into actionable insights and understandable pricing guidance.
  • Demonstrated excellence in influencing others.
  • Strong project management skills with the proven ability to work on multiple priorities and to establish and consistently meet deadlines.
  • Ability to drive results by identifying and resolving problems within scope of responsibility.
  • Knowledge of the insurance industry, its products, and services.
  • Knowledge of Microsoft Office Suite and other business-related software.


Education & Experience

  • Bachelor's Degree in Math, Actuarial Science or related field required. Master's Degree in related field preferred.
  • Typically requires Associate (ACAS) designation, Fellowship (FCAS) preferred. Prior experience with large account pricing preferred.
  • Typically, a minimum of 10 years of related work experience, with five years of management experience.


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.