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A seasoned Actuary who directly manages, plans and implements large complex actuarial studies and pricing strategies and tools. Is accountable for working to establish a pricing strategy for Umbrella and Excess Casualty. Provides consultation to Underwriting Partners.JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
Provides business partners and functional subject matter experts actuarial guidance and business insights related to profitability.
Builds strong relationships with peers, business partners and leaders across multiple functions in order to influence pricing strategy through the use of actionable insights and analytics.
Works with senior management in the development and implementation of pricing strategies for Umbrella & Excess Casualty. Drives innovation in products through thought leadership.
Responsible for the monitoring of profitability and trends for Umbrella and Excess Casualty. Shares results with recommendations to business partners and actuarial leaders.
Participates with senior leadership in the development and implementation of actuarial policies, business strategies and goals, regularly evaluating performance against goals, and holding self-accountable for achieving desired results.
Stays up to date in actuarial expertise and industry trends and development in order to guide decisions related to line of business.
Produces highly technical actuarial analyses and reports. Delivers findings presentations to senior management.
May perform additional duties as assigned.
Reporting Relationship
AVP or above
Skills, Knowledge & Abilities
Senior level knowledge of actuarial principles, practices and procedures and industry issues as they relate to the organization and functional area.
Ability to achieve results by taking a proactive long-term view of business goals and objectives.
Experience influencing business partners at various levels.
Excellent analytical, critical thinking and problem solving skills with the ability to effectively resolve complex situations and issues.
Proven ability to exercise professional judgement and assume responsibility for decisions which have an impact on business and quality of service.
Solid project management skills with ability to manage multiple priorities effectively and lead teams.
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 ten years of related work experience
Typically has attained Fellowship accreditation (FCAS).
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In Illinois/New York/California, the average base pay range for an Actuarial Consulting Director is $155,000 to $220,500. 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 $97,000 to $189,000 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.
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