AVP & Actuary, Pricing (P&C)

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

Job summary

CNA is seeking an AVP & Actuary for Pricing (P&C) in Chicago to lead actuarial pricing strategies for large account casualty business. This leadership position will ensure effective implementation of pricing initiatives, monitor profitability, and foster collaboration across departments. Ideal candidates will possess strong statistical modeling skills, a Bachelor's Degree in a relevant field, and substantial experience in management and the insurance industry.

Qualifications

• In-depth knowledge of actuarial pricing theories.
• Typically requires 10 years of work experience.
• 5 years of management experience preferred.

Responsibilities

• Oversee actuarial pricing for large account casualty business.
• Establish and manage pricing initiatives.
• Monitor profitability and make strategic recommendations.

Skills

Statistical modeling

Leadership

Excellent communication

Project management

Problem solving

Knowledge of insurance industry

Education

Bachelor's Degree in Math, Actuarial Science or related field

Master's Degree in related field

ACAS designation

FCAS designation

Tools

Microsoft Office Suite

Job description

AVP & Actuary, Pricing (P&C) page is loaded

AVP & Actuary, Pricing (P&C)

Apply locations Chicago, IL, USA time type Full time posted on Posted Yesterday time left to apply End Date: June 13, 2025 (5 days left to apply) job requisition id R-4569

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 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:

• I mplements 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.

I n 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 $152,000 to $242,000 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]

About Us

At CNA, we are focused on success, individually and collectively. We pride ourselves on promoting a culture that challenges and engages people. We strive to connect people, departments and business areas, to function as a team, and to serve our customers and communities with professionalism and respect.

Our dedication to employee engagement, continuous learning and the open exchange of ideas is the cornerstone of our business. These ideals, combined with our focus on the customer, enable us to explore new market opportunities and build on our success.

Our values, culture and financial strength are what differentiates us from other employers and make CNA the place you want to work.

Inclusion at CNA

At CNA, we are committed to advancing a culture of inclusion – one that attracts talent from all walks of life, fosters respect and collaboration, and enables all of our colleagues to do their best work.

Corporate Social Responsibility

At CNA, we have a long standing commitment to the diverse communities in which we live and work. We actively make a difference for the greater good through partnerships, sustainability, initiatives, and working together for a better tomorrow. Corporate Social Responsibility is not one person, or one department, it's the entire enterprise coming together to make the world a better place.