AVP - Pricing, Long Term Care-ACT0000NV
Job Summary
CNA’s Long Term Care (“LTC”) business is seeking an Officer with responsibility for the direction and management of our Long Term Care (“LTC”) Pricing function. This individual will lead efforts to develop and implement pricing strategies in support of achieving divisional objectives.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Leads, directs and has full management accountability for staff of four in area of responsibility with an emphasis on talent management and succession planning in accordance with corporate strategic direction.
- Establishes and manages pricing initiatives that have significant impact on the success of LTC product line.
- Monitors profitability of product line to ensure present and future pricing strategies achieve profitability objectives. Collaborates with Actuarial, Finance, Data & Analytics, Operations, and other internal departments to exchange data and analyses of financial indicators.
- Presents product line or block analyses to senior management and makes recommendations on pricing and pricing related issues.
- Oversees preparation and accuracy of reports used for rate filings and internal actuarial analysis.
- Meets with regulators to discuss rate increase filings, rate increase offers, and objections.
- Fosters innovation and empowers others to take calculated risks and continuously improve skill, efficiency and quality of work.
- Remains current on state/territory issues and regulations, industry activity and trends. May represent the company in industry trade groups.
- May act as expert witness and may represent the company with government agencies.
May perform additional duties as assigned.
Reporting Relationship
SVP, Long Term Care
Skills, Knowledge & Abilities
- Leadership and management skills demonstrating integrity and professionalism.
- In depth knowledge of pricing theories and practices preferred.
- Project Management skills required; ability to tie project results to business goals.
- Ability to effectively collaborate with all levels of external and/or internal business partners within scope of responsibility, team and/or matrix environment.
- Ability to drive results by identifying, and resolving problems within scope of responsibility.
- Knowledge of the insurance industry, its products and services.
- Knowledge of Microsoft Office Suite and other business-related software.
- Long Term Care Insurance experience preferred.
Education & Experience
- Bachelor’s Degree in Finance, Business, Math, Actuarial Science or related field required.
- Typically a minimum of 10 years of related work experience, with five years of management experience.