Actuarial Consultant, Reserving

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Job Summary
Under technical direction performs actuarial studies of a moderately complex nature for Liability lines of business (general liability, auto liability, umbrella and mass torts) to be used by senior management for making business decisions and formulating business strategy. This role assists in advancing ground-up modeling for Asbestos, Pollution, and other Mass Tort claims. May participate in the development and implementation of corporate-wide initiatives as well as special projects.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

  1. Performs actuarial calculations, moderately complex actuarial studies, and develops rates for existing and/or new business.
  2. Participates in the development of pricing strategies and/or new pricing tools with a focus of driving profitability for a product line or segment.
  3. Prepares or coordinates the preparation of the actuarial portions of financial statements and tax returns, which may include assisting in the financial close process.
  4. Prepares or coordinates the preparation of standard reports, as well as, special reports for management.
  5. Facilitates communication and provides guidance to Underwriting regarding the pricing of new and/or existing business and collaborates with other functional groups (e.g. Underwriting, Claim, Finance) on actuarial issues.
  6. May prepare and submit rate filings and may contact regulatory and state agencies as necessary.
  7. May participate in special projects.


Reporting Relationship
Director or above
Skills, Knowledge & Abilities
1. Solid knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts.
2. Demonstrated technical expertise and product specific knowledge.
3. Strong analytical and problem-solving skills with the ability to effectively resolve moderately complex situations and issues. Demonstrates attention to detail.
4. Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
5. Ability to work independently, as well in a team, manage time and resources to accomplish multiple tasks and meet deadlines.
6. Good time management with strong organizational skills and the ability to prioritize and manage work deliverables effectively.
7. Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews.
8. Ability to adapt to change and value diverse opinions and ideas.
9. Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.
10. 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 two to four years of related work experience, and at least three to five successfully completed CAS exams. May include those with their Associateship.

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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 Benefits
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 Benefits
Generous parental leave
Family medical leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid holidays
Paid sick days
Office Perks
Relocation assistance
Onsite gym
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Online course subscriptions available

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