Senior Actuarial Consultant - Pricing (Warranty)

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. 

As a member of CNA’s Actuarial organization, you will be part of a community that provides deep specialization and discipline as trusted advisors, unlocks data to enable business partners to advance our global market strategy, and drives business solutions through actionable analytics and insights.

Consider an actuarial opportunity on CNA's Warranty team. In this position you will develop and recommend actuarial pricing and perform profitability reviews for CNA's Warranty Consumer & Commercial Products business unit. You will collaborate with business partners at all levels and Actuarial senior leaders. You will serve as a trusted advisor to provide actuarial analyses and insights to support across technical and non-technical audiences and influence pricing decisions and long-term pricing strategies. Experience in this area is a plus, but not required. This is a great opportunity for those who are quick learners and detail-oriented multi-taskers looking to broaden their experience.

Candidates at both the Senior Actuarial Consultant and Consultant level will be considered, position level will be determined based on qualifications.

Exam taking candidates can participate in our Actuarial Education Program which provides competitive study support and exam raises as you grow your skills.

This position works a hybrid work schedule at one of our CNA actuarial hub office locations including Chicago, IL; Radnor, PA; Warren, NJ; New York City, NY or Walnut Creek, CA.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

• Establishes relationship with business partners and functional subject matter experts, provides actuarial guidance as needed.

• Builds strong relationships with peers, business partners and leaders in order to influence a specific segment's strategy through the use of actionable insights and analytics.

• Completes profitability reviews, collateral reviews, profit sharing and other calculations according to annual schedule. Analyses feature detailed segmentation of results as necessary to fully inform management regarding performance of the business. Reports business progress to senior management, makes recommendations as required.

• Provides pricing to new accounts. May create and modify existing tools/analytics as needed.

• Remains current on state issues and regulations, industry activity and trends.

• Provide support to rate filing.

• Continually improve processes and maintain clear documentation of methods and assumptions.

May perform additional duties as assigned.

Reporting Relationship

Director or above

Skills, Knowledge & Abilities

• Strong knowledge of core functions of an insurance company and actuarial and statistical concepts.

• Advanced actuarial technical expertise and product specific knowledge.

• Ability to effectively to communicate and influence using analyses at various levels, including senior leadership.

• Experience building successful business partnerships.

• Strong analytical, critical thinking and problem solving skills with the ability to effectively resolve complex situations and issues.

• Solid project management skills with ability to manage multiple priorities effectively and lead teams.

• Ability to perform duties with a sense of urgency; utilizes and manages all available resources to meet due dates.

• Ability to make critical business decisions effectively within scope of authority.

• Ability to creatively and effectively manage through ambiguous and challenging problems, leads through change.

Education & Experience

• Bachelor’s Degree in a relevant discipline or equivalent.

• Typically a minimum of seven years of related work experience. Lower experience levels may be considered, position level will be determined based on qualifications.

• Near ACAS designation and/or working towards FCAS.

• Experience with Arius and Alteryx, a plus.

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In Illinois/New York/California, the average base pay range for a Senior Actuarial Consultant/Actuarial Consultant is $97,000 to $185,000. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. 

In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia,California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $72,000 to $141,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.  For a detailed look at CNA’s benefits, please visit cnabenefits.com.

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contactleaveadministration@cna.com.