Actuarial Sr Consultant (P&C) - Reserving

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The Property & Casualty (P&C) Reserving department works collaboratively with our internal and external customers to deliver in all aspects of data, reporting, and analytics. Under minimal supervision, the Actuarial Senior Consultant develops and standardizes management information reports to perform analysis identifying sources of reporting trends and data quality issues that assists management with making business decisions and formulating business strategy. Demonstrates deep knowledge of statistical and financial reporting processes and procedures. Researches and assists in resolutions and reconciles information with financial results where appropriate. Investigates data anomalies, segment reporting issues, and regulatory reporting issues to ensure accurate and timely distribution of reports and regulatory submissions. Tests, documents, and reviews completed reports to ensure proper data and analytics standards and procedures are met. Acts as team leader with informal daily management of the team.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

  1. Assist in enterprise initiatives for data structures and visualizations to facilitate consistency and efficiency in extracting and analyzing data across the P&C Reserving department.
  2. Serve as an expert and a change champion on modern cloud-based technologies for the P&C Reserving department.
  3. Ensures data integrity by developing and executing necessary processes and controls around the flow of data.
  4. Analyze data for reasonableness and accuracy, determining causes of inaccuracies and proposing solutions for improved data capture and data quality.
  5. Support enterprise initiatives through data analytics by partnering with business leaders in identifying opportunities to build and analyze metrics through data visualizations.
  6. Innovate and improve efficiency of managing data to allow for greater speed and accuracy of producing analyses, metrics and insights.
  7. Collaborates with management, technical staff and subject matter advisors to understand business needs/issues, troubleshoot problems, conduct root cause analysis and develop cost effective resolutions for data anomalies
  8. Verifies accuracy of table changes and data transformation processes. Test changes prior to deployment as appropriate.
  9. Produces highly technical reports and communicates with other analytical staff and management including presentations to senior management.
  10. Manages project teams, vendor relationships, and may be responsible for special projects and presentations.
  11. Owns delivery of key items, including but not limited to the Statement of Actuarial Opinion, reserve reviews, and other ad-hoc monitoring and/or analytical reports to influence management decisions.
  12. Leads and provides guidance to less experienced team members and may lead and/or participate in special projects.
  13. 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

  1. Strong knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts.
  2. Data analytics experience with strong SQL skills and proficiency in data visualization tools. Knowledge of applications similar to Alteryx, Tableau, Looker, Big Query, ThoughtSpot and other business related software a plus.
  3. Advanced actuarial technical expertise and product specific knowledge.
  4. Strong interpersonal, communication and presentation skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
  5. Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve complex situations and issues.
  6. Solid project management, organization, and planning skills with the ability to manage multiple projects effectively and lead teams.
  7. Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews, as applicable.
  8. Ability to solve issues with a sense of urgency; utilizes and manages the available resources to make informed decisions and achieve superior results.
  9. Ability to creatively and effectively manage through ambiguous and challenging problems, leads through change and takes appropriate levels of risk.
  10. Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.
  11. Solid knowledge of Microsoft Office Suite and other business-related software systems, including processing systems and applications.


Education & Experience
1. Bachelor's Degree in a relevant discipline, or equivalent.
2. Typically a minimum of seven years of related work experience.
3. Typically has their Associate accreditation (ACAS), and may be working towards Fellowship; may include those that have attained their FCAS.

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Technology we use

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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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