Senior Actuarial Consultant, Reserving (Financial Lines)

CNA; Chicago (IL); Hybrid; USD 72,000 - 185,000; Full time

Job summary

CNA is seeking an Actuarial Senior Consultant to develop and recommend actuarial reserve strategies for the Financial Lines business unit. This role involves performing complex actuarial calculations, providing insights, and collaborating with business partners. The position offers a hybrid work schedule and opportunities for professional development.

Benefits

Comprehensive benefits package

Actuarial Education Program

Qualifications

• Typically 7+ years of related work experience.
• ACAS designation and working towards FCAS.

Responsibilities

• Performs complex actuarial calculations and studies.
• Provides analyses and insights for reserving strategy.
• Builds relationships to influence strategy through analytics.

Skills

Analytical

Communication

Problem Solving

Project Management

Education

Bachelor's Degree

ACAS designation

Tools

Microsoft Office Suite

R

SQL

Alteryx

Tableau

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 is seeking an Actuarial Senior Consultant that develops and recommends actuarial reserve strategies of a complex nature for CNA's Financial Lines business unit to be used by senior management for making business decisions and formulating business strategy.
This role oversees and advances reserving techniques for the Financial Lines product suite (D&O, Cyber, E&O and EPL) while closely monitoring external trends and collaborating with business partners and Actuarial leaders. You will serve as a trusted advisor to provide actuarial analyses and insights to support across technical and non-technical audiences and influence reserving 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.
In this role 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 Consultant or Senior Actuarial Consultant. Typically 4-10+ years of related experience.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

• Performs complex actuarial calculations and actuarial studies to determine reserve recommendations for an assigned area and analyzes existing tools, modifying or creating new tools, as needed.
• Provides analyses and insights to assist in determining reserving strategy and completes quarterly reserve reviews. May create and modify existing tools/analytics 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.
• Proactively monitors reserving and claim trends for assigned product lines and shares results with recommendations to leaders and underwriting partners/ claim, underwriting and pricing business partners.
• Ensures accuracy of all financial reports and statements, which may include participation in the financial close process.
• Produces highly technical actuarial analyses and reports. Communicate findings to other analytical staff and management.
• Provides guidance to less experienced team members and manages projects as needed.
• Stays up to date in actuarial expertise, industry trends and developments and facilitates knowledge transfer within the organization .
• 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.
• Strong interpersonal, communication and presentation skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
• Strong analytical, critical thinking and problem solving skills, with the ability to effectively resolve complex situations and issues.
• Solid project management , organization, and planning skills with ability to manage multiple priorities effectively and lead teams.
• Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews.
• Ability to creatively and effectively manage through ambiguous and challenging problems, leads through change.
• Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.
• Solid knowledge of Microsoft Office Suite and familiarity with R, SQL, Alteryx, Tableau and other business-related software systems, including processing systems and applications.

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.

#LI-KP1
#LI-Hybrid
In Illinois/New York/California, the average base pay range for an Actuarial Consultant to Senior Actuarial Consultant is $97,000 to $185,000. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.
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 $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 is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [e-mail] .