AVP & Actuary, Pricing (P&C)

CNA Insurance; Chicago (IL); On-site; USD 152,000 - 242,000; Full time

Job summary

CNA Insurance is seeking an Officer in Actuarial Pricing for its Large Account Casualty Business. This role involves managing pricing strategies, ensuring profitability, and leading actuarial initiatives. Ideal candidates will have extensive experience in actuarial science along with strong leadership skills and industry knowledge.

Qualifications

• 10+ years of experience in actuarial pricing.
• 5 years in a management role required.
• Strong industry knowledge and proficiency in risk assessment.

Responsibilities

• Oversee actuarial pricing for large account casualty business.
• Develop pricing strategies and create financial forecasts.
• Lead and mentor staff within the actuarial community.

Skills

Actuarial Pricing

Statistical Modeling

Collaboration

Leadership

Communication

Project Management

Education

Bachelor’s Degree in Math, Actuarial Science, or related

Master’s Degree preferred

Associate (ACAS) designation required

Fellowship (FCAS) preferred

Tools

Microsoft Office

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.

Officer Position - Actuarial Pricing for Large Account Casualty Business

This role is responsible for oversight, direction, and management of actuarial pricing for large account casualty business. The successful candidate will ensure effective implementation of strategic objectives and policies within pricing, develop pricing strategies, and create financial forecasts to support business profitability and growth.

Key Responsibilities:

• Implement strategic objectives with significant impact on short-term success in actuarial pricing.
• Establish and manage pricing initiatives affecting the success of large account casualty business, including developing pricing levels for loss sensitive and ground-up accounts.
• Monitor profitability to ensure pricing strategies meet growth and profitability targets, collaborating with internal departments for data and analysis.
• Present analyses to senior management and recommend pricing strategies.
• Oversee the preparation and accuracy of internal actuarial reports.
• Promote innovation and continuous improvement in methodologies and skills.
• Stay current on industry issues, regulations, and trends; represent the company in industry groups if needed.
• Lead and manage staff, focusing on talent management and succession planning.
• May serve as an expert witness or represent the company with government agencies.
• Develop and implement effective pricing/rating structures.
• Ensure analysis methodologies meet actuarial standards and quality expectations.
• Participate in broader initiatives such as recruiting and training within the actuarial community.

Reporting Line: Typically reporting to VP or higher.

Skills & Qualifications:

• Deep knowledge of actuarial pricing, statistical modeling, and insurance product lines.
• Strong collaboration, leadership, and management skills.
• Excellent communication skills, capable of translating complex concepts.
• Proven influence and project management abilities.
• Industry knowledge and proficiency with Microsoft Office and related software.

Education & Experience:

• Bachelor’s Degree in Math, Actuarial Science, or related; Master’s preferred.
• Associate (ACAS) designation required; Fellowship (FCAS) preferred.
• Minimum 10 years of related experience, with 5 years in management.

The salary range in certain jurisdictions is $152,000 to $242,000 annually, based on experience, skills, and location. CNA offers a comprehensive benefits package. For more details, visit cnabenefits.com.

CNA is committed to accommodations for individuals with disabilities. Contact [e-mail] for assistance.