Senior Actuarial Consultant - Pricing (Commercial Auto & General Liability)

CNA Insurance; Chicago (IL); Hybrid; USD 135,000 - 191,000; Full time

Job summary

CNA Insurance is seeking a Senior Actuarial Consultant to join the pricing team to develop and recommend actuarial pricing and rating plans for commercial auto and general liability. This role collaborates with partners and actuarial senior leaders, acting as a trusted advisor with actionable analytics across technical and non-technical audiences.

The position offers an Actuarial Education Program with study support and exam raises as you grow your skills, and operates on a hybrid schedule from

Qualifications

• Bachelor's degree in a relevant discipline.
• Typically a minimum of seven years of related work experience.
• ACAS designation and working towards FCAS.
• May include those that have attained their FCAS.

Responsibilities

• Establishes relationships with business partners and subject matter experts; provides actuarial guidance as needed.
• Builds strong relationships to influence segment strategy via actionable insights and analytics.
• Provides analyses to assist in pricing strategy decisions.
• May create and modify tools/analytics as needed.
• Monitors profitability/reserving and shares results with recommendations to leaders and partners.
• Guides less experienced team members and manages projects as needed.
• Produces highly technical actuarial analyses and reports.
• Communicates findings to analytical staff and management.
• Stays up to date in actuarial expertise and industry trends and development.

Skills

Analytical skills

Stakeholder comms

Education

Bachelor's Degree in a relevant discipline

ACAS designation and working towards FCAS

Job description

About the Role

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 a Senior Actuarial Consultant to join their pricing team to develop and recommend actuarial pricing and rating plans of a complex nature, for commercial auto and general liability. In this role, you will collaborate with business partners at all levels and Actuarial senior leaders. You will act as a trusted advisor to provide actuarial analyses and insights to support across technical and non-technical audiences and influence pricing 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.

This position works a hybrid schedule from a CNA Actuarial Hub Location including Chicago, IL; Radnor, PA; Warren, NJ; New York City, NY or Walnut Creek, CA.

Essential Duties & Responsibilities

• 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.
• May create and modify existing tools/analytics as needed.
• Proactively monitors profitability/reserving and claim trends and shares results with recommendations to leaders and underwriting partners/ claim, underwriting and pricing business 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.

Salary & Benefits

In Illinois/New York/California, the average base pay range for a Senior Actuarial Consultant is $134,500 to $190,500.

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 $72,000 to $141,000 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 utilizes AI-enabled technology during the recruiting process. For more information, please visit our careers page.

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [e-mail]

Company Culture

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.

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.

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.