Actuarial Consultant, Pricing (Umbrella & Excess)

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

Job summary

CNA Insurance is looking for an Actuarial Consultant to develop pricing strategies for their Umbrella and Excess Casualty products. The role involves collaboration with various stakeholders and analysis of actuarial data to influence business decisions, offering a great opportunity for professional growth. With a hybrid work schedule, candidates can advance their careers while enjoying flexible work arrangements.

Benefits

Comprehensive benefits package

Actuarial Education Program

Qualifications

• Minimum of 4 years of related work experience required.
• Typically at least four Actuarial exams passed.

Responsibilities

• Collaborate with business partners and provide actuarial analyses.
• Support pricing and reserving strategies for Umbrella and Excess Casualty.

Skills

Analytical skills

Problem solving

Attention to detail

Education

Bachelor's Degree in a relevant discipline

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.

As a member of CNA’s Actuarial organization, you will be part of a community that provides deep specialization and discipline as trusted advisors, unlocks data to enable business partners to advance our global market strategy, and drives business solutions through actionable analytics and insights.

CNA Insurance is seeking an Actuarial Consultant to assist in developing actuarial pricing and rating plans for Umbrella and Excess Casualty. This is a great developmental opportunity for those looking to move from personal lines to commercial, or reserving to pricing, or those that want the ability to dive in deeper on an over 1 billion dollar book of business.

In this role you will collaborate with business partners and Actuarial leaders. You will act as an advisor to Actuarial peers by providing actuarial analyses in support of influencing pricing decisions and long term pricing, claim, and underwriting decisions and strategies.

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

You will enjoy a hybrid work schedule that typically consists of 1 day per week at one of our CNA actuarial hub office locations including Chicago, IL; Radnor, PA; Warren, NJ; New York City, NY and Walnut Creek, CA.

As determined by CNA and depending on the applicant’s experience and/or qualifications, candidates may be hired into one of two Actuarial positions: Actuarial Analyst or Actuarial Consultant. Typically 2-7 years of related experience.

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/reserving strategy for an assigned area. May create and modify existing tools/analytics as needed.
• Proactively monitors profitability/reserving and claim trends for Umbrella and Excess Casualty and shares results with actuarial leaders and peers.
• Provides support to less experienced team members and help 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.

#LI-KP1

#LI-Hybrid

In Illinois/New York/California, the average base pay range for an Actuarial Analyst to Actuarial Consultant is $72,600 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 visitcnabenefits.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] .