Senior Actuarial Consultant, Reserving (Financial Lines)

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

Job summary

CNA Insurance is seeking an Actuarial Senior Consultant to develop complex reserve strategies for the Financial Lines business unit. This role involves conducting actuarial analyses, collaborating with business partners, and influencing reserving decisions. The position offers a hybrid work schedule and requires strong analytical skills and a Bachelor's degree.

Benefits

Comprehensive benefits package

Qualifications

• Typically requires 7+ years of related experience.
• ACAS designation or working towards FCAS.

Responsibilities

• Perform complex actuarial calculations and studies.
• Build strong relationships with peers and business partners.
• Ensure accuracy of financial reports.

Skills

Analytical Skills

Problem-Solving

Communication

Project Management

Education

Bachelor’s Degree

Tools

Microsoft Office

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 to develop and recommend complex actuarial reserve strategies for CNA's Financial Lines business unit, supporting senior management in decision-making and strategy formulation.

This role oversees reserving techniques for the Financial Lines product suite (D&O, Cyber, E&O, and EPL), monitors external trends, and collaborates with business partners and Actuarial leaders. You will serve as a trusted advisor, providing actuarial analyses and insights to influence reserving decisions and strategies.

Candidates preparing for exams can participate in our Actuarial Education Program, which offers study support and exam raises as you develop your skills.

This position offers a hybrid work schedule, typically with 1 day per week at one of our CNA actuarial hub locations: Chicago, IL; Radnor, PA; Warren, NJ; New York City, NY; or Walnut Creek, CA.

Depending on experience and qualifications, candidates may be hired as either an Actuarial Consultant or Senior Actuarial Consultant. The role generally requires 4-10+ years of related experience.

Job Description

Essential Duties & Responsibilities

1. Perform complex actuarial calculations and studies to determine reserve recommendations, analyzing and modifying tools as needed.
2. Provide analyses to assist in reserving strategies, complete quarterly reviews, and develop or enhance analytical tools.
3. Build strong relationships with peers and business partners to influence strategy through insights and analytics.
4. Monitor reserving and claim trends, sharing findings and recommendations with leadership and partners.
5. Ensure accuracy of financial reports and participate in the financial close process as needed.
6. Create and communicate technical actuarial analyses and reports.
7. Guide less experienced team members and manage projects.
8. Stay current with actuarial industry trends and facilitate knowledge sharing.
9. Drive process innovation and maintain clear documentation of methods.

Reporting Relationship

Director or above

Skills, Knowledge & Abilities

• Strong knowledge of insurance functions and actuarial/statistical concepts.
• Advanced technical actuarial expertise, especially in product-specific areas.
• Excellent interpersonal, communication, and presentation skills.
• Strong analytical and problem-solving skills.
• Effective project management and organizational skills.
• Independent judgment in decision-making based on data.
• Ability to manage ambiguity and lead through change.
• Ability to analyze and articulate business data and metrics.
• Proficiency in Microsoft Office, R, SQL, Alteryx, Tableau, and related software.

Education & Experience

• Bachelor’s Degree in a relevant field or equivalent.
• Typically 7+ years of related experience.
• ACAS designation, working towards FCAS, or attained FCAS.

#LI-KP1

#LI-Hybrid

Base salary in Illinois, New York, California ranges from $97,000 to $185,000, depending on experience, skills, and location. In some jurisdictions, the range is $72,000 to $141,000 annually. CNA offers a comprehensive benefits package. For details, visit cnabenefits.com.

CNA provides reasonable accommodations for qualified individuals with disabilities. To request an accommodation, contact [e-mail].