Actuarial Consultant - Affinity Pricing

CNA Insurance; Radnor (Delaware County); Hybrid; USD 54,000 - 138,000; Full time

Job summary

An established industry player is seeking a dynamic Actuarial Consultant to join their team. This role offers the chance to develop your business partner skills while solving complex problems and generating insights that influence pricing and underwriting strategies. With a hybrid work schedule, you will collaborate closely with internal and external partners to provide valuable actuarial analyses. The company is committed to your professional growth, offering an Actuarial Education Program that supports your exam preparation. Join a culture that values your contributions and helps you reach your career goals in a supportive environment.

Benefits

Comprehensive benefits package

Actuarial Education Program

Flexible work schedule

Qualifications

• Bachelor's degree required, with four years of related experience.
• At least four actuarial exams passed, preferably towards Associateship.

Responsibilities

• Collaborate with business partners to provide actuarial input.
• Support pricing strategy and monitor profitability trends.
• Produce standard and special reports as needed.

Skills

Analytical Skills

Problem-Solving Skills

Actuarial Knowledge

Communication Skills

Attention to Detail

Education

Bachelor's Degree in a relevant discipline

Four Actuarial exams passed

Job description

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.

If you are searching for an Actuarial career where you can develop your business partner skills, solve problems and generate insights that influence, this is the role for you. As an Actuarial Consultant, you will assist in developing actuarial pricing and rating plans across all Affinity products. This role requires heavy collaboration with both internal and external business partners and Actuarial leaders. You will act as an advisor to Actuarial peers by providing actuarial analyses and insights that influence pricing decisions and long-term pricing, claim, and underwriting strategies.

Exam taking candidates can participate in our Actuarial Education Program which provides competitive study support and exam raises as you grow your skills.

In this position, you will enjoy a hybrid work schedule that typically 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 Walnut Creek, CA) with the option to work the remainder of your week remotely.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

• Collaborates with business partners and functional subject matter experts, provides actuarial input as needed.
• Partners with peers, business partners and leaders to support a specific segment's strategy through the use of actionable insights and analytics.
• Provides support in determining pricing strategy for an assigned area. May create and modify existing tools/analytics as needed.
• Proactively monitors profitability and claim trends for Accountants, Lawyers, Architects and Engineers, Condominium D&O, and Real Estate E&O and shares results with actuarial leaders and peers.
• Provides support to less experienced team members and helps to manage projects as needed.
• Stays up to date in actuarial expertise and industry trends and development.
• Produces standard and special reports as needed.

May perform additional duties as assigned.

Reporting Relationship

Director or above

Skills, Knowledge & Abilities

• Solid knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts.
• Demonstrated technical expertise and product specific knowledge.
• Strong analytical and problem-solving skills with the ability to effectively resolve moderately complex situations and issues. Demonstrates attention to detail.
• Ability to effectively interact with all levels of CNA’s internal and external business partners sometimes influencing decisions.
• Ability to make critical business decisions effectively within scope of authority.
• Ability to work independently and as a team, leads multiple moderately complex projects.
• Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.

Education & Experience

• Bachelor's Degree in a relevant discipline, or equivalent.
• Typically a minimum of four years of related work experience.
• Typically at least four Actuarial exams passed, may include those with their Associateship.

In Illinois/New York/California, the average base pay range for an Actuarial Consultant is $97,000 to $137,500. 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 District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $54,000 to $103,000 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 [e-mail].