Actuarial Sr Consultant (P&C) - Compliance & Product Management

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Job Summary
Actuarial position on a team responsible for filing and implementation of strategic rate and pricing objectives for all Commercial lines of business. Working collaboratively with Underwriting and Actuarial leaders, implements strategies and processes that ensure efficient, compliant, and error-free implementation. Maintains close working relationships with Legal and Compliance leadership to ensure implementation is conducted in compliance with regulatory requirements.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

  1. Performs complex actuarial calculations and actuarial studies, and develops rates for existing and/or new business.
  2. Determines and influences pricing strategy for Businessowners, Commercial Auto, Workers Compensation, and other products.
  3. Analyzes existing pricing tools and actuarial methodologies, modifying or creating new pricing tools, as needed.
  4. Reviews and submits rate filings, performs actuarial certifications, and contacts regulatory agencies and rating bureaus as necessary.
  5. Monitors the profitability and trends for a product line or segment.
  6. Ensures accuracy of all financial reports and statements, which may include participation in the financial close process.
  7. Produces highly technical reports and communicates with other analytical staff and management including presentations to senior management.
  8. Manages project teams and may be responsible for special projects and presentations.
  9. Facilitates communication and provides technical guidance to Underwriting regarding the pricing of new and/or existing business and partners with other functional groups (e.g., Compliance, Legal) on actuarial issues.
  10. Provides guidance to less experienced team members and may lead and/or participate in special projects.
  11. 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. 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.
3. Strong interpersonal, communication and presentation skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
4. Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve complex situations and issues.
5. Solid project management, organization, and planning skills with the ability to manage multiple projects effectively and lead teams.
6. Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews.
7. Ability to solve issues with a sense of urgency; utilizes and manages the available resources to make informed decisions and achieve superior results.
8. Ability to creatively and effectively manage through ambiguous and challenging problems, leads through change and takes appropriate levels of risk.
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 a minimum of seven years of related work experience.
3. Associate or Fellow of the Casualty Actuarial Society.
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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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