Description

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.

A technical expert consulting on actuarial issues for the Financial Lines business unit, focusing on Banks, Asset Managers, Insurance Companies, and Private Equity as well as the related Errors and Omissions Liability products, Directors & Officers Liability, Employment Practice Liability, Fiduciary Liability, and Fidelity Bond exposures. Works closely with key business partners and underwriters in the industry and product groups. Participates in the identification, development and implementation of pricing tools and guidance, development and utilization of Primeau (pricing and portfolio monitoring tool), and influences the pricing strategy for assigned products and programs. Monitors closely the external claim and exposure trends utilizing 3rd party data, government actions, and 3rd party news aggregation services.

In this role, you will enjoy a hybrid work schedule that consists of two days per week in one of our CNA Actuarial Hub offices (New York City, NY; Chicago, IL) with the option to work the remainder of your week remotely. Exam taking candidates can participate in our Actuarial Education Program which provides competitive study support and exam raises as you grow your skills.

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.
• Provides analyses and insights to assist in determining pricing strategy for Financial Institutions: Asset Managers, Banks, Insurance Companies, and Private Equity along with the underlying products and coverages (E&O, D&O, EPL, Fiduciary, Fidelity). May create and modify existing tools/analytics as needed.
• Proactively monitors profitability and claim trends for Financial Institutions: Asset Managers, Banks, Insurance Companies, and Private Equity along with the underlying products and coverages (E&O, D&O, EPL, Fiduciary, Fidelity). Shares results with recommendations to leaders and underwriting partners/ claim, underwriting and pricing business partners.
• Provides guidance to less experienced team members and manages projects as needed.
• Produces highly technical actuarial analyses and reports. Communicate findings to other analytical staff and management.
• Stays up to date in actuarial expertise and industry trends and development.
• Drives innovation in processes while maintaining clear documentation of methods.
• Continually improves processes and maintains clear documentation of methods.

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 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 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.
• ACAS designation and working towards FCAS. May include those that have attained their FCAS.
  

#LI-KP1

#LI-Hybrid

In Chicago/New York/California, the average base pay range for a Senior Actuarial Consultant is $130,500 to $185,000. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

I n 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 contact leaveadministration@cna.com .

Requisition #: R-6318

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