Senior Actuarial Consultant

| Chicago, IL, USA
Employer Provided Salary: 71,000-179,500 Annually
Salary data is provided by the employer. Please note this is not a guarantee of compensation.
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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.
Consider joining CNA's Actuarial Filings team as a Senior Actuarial Consultant. This team is responsible for all Commercial and Specialty rate filings, including proprietary and bureau-based products, which makes the team a key partner for improving and sustaining profitability across the organization. This is a great opportunity for those interested in exposure to multiple lines of business, who excel at execution-oriented projects, attention to detail and project management, and want to build relationships with multiple functional groups across the company.
In this role, you will work collaboratively with Underwriting and Actuarial leaders to influence and advise strategies focused on sustained profitable performance. You will also ensure efficient, compliant, and error-free execution. This role also provides ample opportunity to act on opportunities to improve templates, tools, and best practices that ensure a unified and trusted actuarial voice, both internally and externally. You will also maintain close working relationships with Legal and Compliance leadership to ensure compliance with regulatory requirements.
For those candidates still pursuing exams, you can participate in our Actuarial Education Program which provides competitive study support and exam raises as you grow your skills.
In this position, you will enjoy a hybrid work schedule that consists of one day per week in one of our CNA Actuarial Hub offices (Chicago, IL; New York City, NY; Warren, NJ; Radnor, PA; and San Francisco, CA) with the option to work the remainder of your week remotely.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

  • Advises pricing actuaries and underwriters on filing strategy and equips them with relevant regulatory insights that will influence rate change decisions. Collaboratively develops, improves, and implements innovative, practical, and impactful filing strategies.
  • Reviews and submits rate filings, performs actuarial certifications, and contacts regulatory agencies and rating bureaus as necessary. Acts as subject matter expert on filing requirements and expected regulatory approval timelines.
  • Closely manages project teams, including acting as primary advisor on project management, strategy, and communication to key stakeholders, enforcing best practices, and optimizing available resources.
  • Modernizes the actuarial methods and efficiencies of existing pricing tools, including rate level indication templates utilized to support rate filings. Identifies and implements actionable improvements to team processes and/or templates.
  • Targets important areas for innovation and develops solutions leveraging appropriate technology that address meaningful work issues for the team.
  • Identifies and implements best practices to ensure adequate documentation, training, compliance, and areas that may improve the speed of filing approvals and external view of CNA by state departments of insurance.
  • Acts as subject matter expert on California filings, including compiling and reviewing California filings, advising on California filing strategy to key stakeholders, and strengthening the relationship between CNA and the California Department of Insurance.
  • Actively engages and builds relationships with multiple functional groups (Legal, Compliance, Rate Implementation/Technology, Underwriting Services, Government Relations, Underwriting, and Actuarial Pricing). Facilitates communication and technical guidance to these groups on actuarial issues.
  • Provides guidance to less experienced team members and may lead and/or participate in special projects and presentations.
  • Stays up to date in functional area of expertise, on industry trends and developments, and assures knowledge transfer within the organization.


May perform additional duties as assigned.
Reporting Relationship
Director or above
Skills, Knowledge & Abilities

  • Strong knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts.
  • Advanced technical expertise and product specific knowledge. Candidate should have experience in the capacity to use Excel at a proficient level. Experience in a programming language such as SQL, R, or VBA is preferred.
  • 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 the ability to manage multiple projects 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 solve issues with a sense of urgency; utilizes and manages the available resources to make informed decisions and achieve superior results.
  • Ability to creatively and effectively manage through ambiguous and challenging problems, leads through change and takes appropriate levels of risk.
  • 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 other business-related software systems, including processing systems and applications.
  • Rate filing experience, including California filing experience, is preferred.


Education & Experience

  • Bachelor's Degree in a relevant discipline, or equivalent.
  • Typically a minimum of seven years of related work experience.
  • Associate or Fellow of the Casualty Actuarial Society


#LI-KP1
#LI-Hybrid
In New York/California, the average base pay range for a Senior Actuarial Consultant is $143,500 to $179,500. 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 California, Colorado, Connecticut, New York and Washington, the national base pay range for this job level is $71,000 to $133,000 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 [email protected] .

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Location

Located in the heart of the loop, CNA’s headquarters are at 151 N Franklin. With close proximity to both L and Metra stations.

An Insider's view of CNA

How would you describe the company’s work-life balance?

Work-life balance has always been a priority for me. It always will be. CNA’s hybrid working model allows me to not only maximize collaboration with my peers but also take advantage of increased flexibility by combining remote and in-office work. I’m empowered to take control of my schedule based on what works best for me and my team.

Alison Massey

Agile Scrum Master Consultant

How does the company support your career growth?

Throughout my five-year career, I’ve seen CNA value creating thinking and continuous learning. My managers actively encourage me to pursue rewarding professional development opportunities. Those opportunities have had a direct impact on my career growth. At CNA, the opportunities are endless and your career aspirations matter.

Alaina Cole

Underwritting Specialist

What unique initiatives do you have that encourage innovation?

We have an Innovation program and team that designs processes to encourage creative thinking and capture ideas across CNA. In addition to collaborating with and learning from world-class technology partners, we also host events such as our Innovation Summit and Hackathon, which bring winning competition ideas to life in real products and services.

Keith Zhang

Architecture Consulting Director

What's the biggest problem your team is solving?

A primary focus of my team is reducing the time-to-market associated with machine learning models. By leveraging cutting-edge cloud services and streamlining processes, we’re enhancing the model development lifecycle. That enhancement allows us to use efficient, effective predictive analytics when making business decisions.

Ryan Gulden

Senior AI/ML Engineer

What are CNA Perks + Benefits

CNA Benefits Overview

One of the many advantages of working at CNA is the benefits program we offer you and your eligible dependents,
beginning on the first day of your employment. The program features a variety of plans that provide health care
benefits, well-being, disability and survivor protection, and 401(k) savings, among others. Below are highlights
of the offerings.

Culture
Volunteer in local community
Partners with nonprofits
Open door policy
OKR operational model
Open office floor plan
Flexible work schedule
Remote work program
Diversity
Dedicated diversity and inclusion staff
Diversity employee resource groups
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Wellness programs
Financial & Retirement
401(K)
401(K) matching
Company equity
Employee stock purchase plan
Performance bonus
Charitable contribution matching
Child Care & Parental Leave
Generous parental leave
Family medical leave
Adoption Assistance
Vacation + Time Off
Generous PTO
Paid holidays
Paid sick days
Office Perks
Relocation assistance
Onsite gym
Professional Development
Job training & conferences
Tuition reimbursement
Lunch and learns
Online course subscriptions available

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