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CNA

CNA

Senior Actuarial Consultant - Commercial Pricing (Liability)

Senior Actuarial Consultant - Commercial Pricing (Liability)

Job Details
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Uploaded On
November 21, 2023
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Location
New York, NY, 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
$
134
k-$
168
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 an internal promotion, CNA Insurance is seeking an experienced Senior Actuarial Consultant with analytical and technical prowess and keen ability to solve problems.

In this role, you will develop and recommend actuarial pricing and rating plans of a complex nature for CNA's General Liability and Umbrella lines of business. You will have autonomy and ample opportunity to collaborate with Actuarial Senior Leaders and business partners at all levels. You will serve as a trusted advisor to provide actuarial analyses and insights to support across technical and non-technical audiences and influence pricing decisions and long term pricing strategies.

In this position, you will also 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:

  • Establishes relationship with business partners and functional subject matter experts, provides actuarial guidance as needed.
  • Builds strong relationships with peers, business partners and leaders in order to influence a specific segment's strategy through the use of actionable insights and analytics.
  • Provides analyses and insights to assist in determining pricing strategy for General Liability and Umbrella. May create and modify existing tools/analytics as needed. 
  • Proactively monitors profitability and claim trends for General Liability and Umbrella and shares results with recommendations to leaders and underwriting partners.
  • Provides guidance to less experienced team members and manages projects as needed.
  • Produces highly technical actuarial analyses and reports. Communicate findings to other analytical staff and management.
  • Stays up to date in actuarial expertise and industry trends and development.
  • Drives innovation in processes while maintaining clear documentation of methods.
  • Continually improve processes and maintain clear documentation of methods. 

May perform additional duties as assigned.

Reporting Relationship

Director or above

Skills, Knowledge & Abilities

  • Strong knowledge of core functions of an insurance company and actuarial and statistical concepts.

  • Advanced actuarial technical expertise and product specific knowledge.

  • Ability to effectively to communicate and influence using analyses at various levels, including senior leadership.

  • Experience building successful business partnerships.

  • Strong analytical, critical thinking and problem solving skills with the ability to effectively resolve complex situations and issues.

  • Solid project management skills with ability to manage multiple priorities effectively and lead teams.

  • Ability to make critical business decisions effectively within scope of authority.

  • 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 seven years of related work experience.

  • ACAS designation and working towards FCAS. May include those that have attained their FCAS.

#LI-KP1

#LI-Hybrid

In New York/California, the average base pay range for a Senior Actuarial Consultant is $134,000 to $167,500. 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 California, Colorado, Connecticut, New York and Washington, the national base pay range for this job level is $71,000 to $133,000 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.