Job Summary

The Long Term Care Division is looking for a dynamic individual to join our best in class Reserving Actuarial Team. This team is primarily responsible for the timely completion of the monthly reserving process, analysis of results, and performing financial analysis to support key strategic initiatives for the business. This position provides a unique opportunity to acquire exposure to a broad range of assignments and develop a diverse skill set.

As a technical expert, a successful candidate will complete analysis to understand and explain results via source of earnings, support our annual reserve review, mentor and support more junior team members, and drive innovation and automation via leveraging Google Cloud Platform and other industry leading tools. This role reports directly to the LTC Actuarial lead and actively partners with the Modeling and Experience Studies Actuarial teams, in addition to the Finance & Analytics, Inforce Management, Operations, and Claims teams within Long Term Care.

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

1. Support of monthly reserving processes, including interpreting results, completing ad hoc financial analysis, communicating results to senior management, and performing technical and peer reviews of high risk and complex areas of valuation.

2. Performs complex actuarial calculations and actuarial studies to support the annual reserve review process with a particular focus on aggregate and seriatim claim reserves.

3. Understands the flow of data and its impact on the monthly valuation, enhances the control environment, and partners with the broader LTC business to improve data quality.

4. Drives innovation and automation via leveraging industry leading tools (Moody’s AXIS, R, Python, SQL, Alteryx & Tableau) in addition to features on Google Cloud Platform to identify and execute improvements to processes and analysis.

5. Supports implementation of new processes in accordance with new accounting standard update for long duration contracts, which may include development and implementation of AXIS improvements, and other data infrastructure builds.

6. Supports various quarterly and annual analysis for company earnings calls and statutory filing requirements.

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 actuarial technical expertise and product specific knowledge.

3. Strong interpersonal and communication 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.

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, data programing language (R, Python or Alteryx) and other business-related software systems, including processing systems and applications. Knowledge of Moody’s AXIS Actuarial software a plus, but not required.

Education & Experience

1. Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or equivalent discipline.

2. Typically a minimum of three to five years of related work experience, preferably in the Long Term Care Insurance or Disability Insurance industry (but not required).

3. Attained or nearly attained Associate of the Society of Actuaries (ASA) designation.