CNA Financial Corporation

Actuarial Consultant - Reserving (Work Comp/Commercial Auto)

CNA Financial Corporation$100K — $142K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in a relevant discipline or equivalent
  • 4+ years of related work experience
  • 5 CAS exams completed, pursuing designation or already obtained
  • Solid understanding of insurance, actuarial, and statistical concepts
  • Demonstrated technical expertise and specific product knowledge

Responsibilities

  • Collaborate with business partners and experts to provide actuarial input
  • Support segment strategy using actionable insights and analytics
  • Determine pricing/reserving strategy for assigned area
  • Monitor profitability/reserving and claims trends for accuracy
  • Support less experienced team members and manage projects
  • Stay updated on actuarial expertise and industry trends
  • Produce standard and special reports as needed

Benefits

  • Comprehensive benefits package focusing on physical, financial, emotional and social wellbeing
  • Actuarial Education Program for exam support and raises
  • Flexible hybrid work schedule from multiple hub locations
  • Opportunities for career growth and professional development
  • Collaborative work environment with experienced peers
Full Job Description
Consider joining the Actuarial Reserving team at CNA as an Actuarial Consultant. In this role you will assist in developing actuarial reserve strategies for Workers Compensation and Commercial Auto. You will collaborate with business partners and Actuarial leaders. You will also serve as an advisor to Actuarial peers by providing actuarial analyses in support of influencing reserving decisions and strategies. For those candidates still sitting for exams, you will participate in our Actuarial Education Program which provides competitive study support and exam raises. This position works a hybrid schedule from a CNA Actuarial Hub Location including Chicago, IL; Radnor, PA; Warren, NJ; New York City, NY and Walnut Creek, CA. JOB DESCRIPTION: Essential Duties & Responsibilities Performs a combination of duties in accordance with departmental guidelines: - Collaborates with business partners and functional subject matter experts, provides actuarial input as needed. - Partners with peers, business partners and leaders to support a specific segment's strategy through the use of actionable insights and analytics. - Provides support in determining pricing/reserving strategy for an assigned area. May create and modify existing tools/analytics as needed. - Proactively monitors profitability/reserving and claim trends for Workers Compensation/Commercial Auto and shares results with actuarial leaders and peers. - Provides support to less experienced team members and help to manage projects as needed. - Stays up to date in actuarial expertise and industry trends and development. - Produces standard and special reports as needed. May perform additional duties as assigned. Reporting Relationship Director or above Skills, Knowledge & Abilities - Solid knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts. - Demonstrated technical expertise and product specific knowledge. - Ability to effectively interact with all levels of CNA’s internal and external business partners sometimes influencing decisions. - Strong analytical and problem solving skills with the ability to effectively resolve moderately complex situations and issues. Demonstrates attention to detail. - Ability to make critical business decisions effectively within scope of authority. - Ability to work independently and as a team, can manage multiple moderately complex projects. - Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports. Education & Experience - Bachelor's Degree in a relevant discipline, or equivalent. - Typically a minimum of four years of related work experience. - Typically a minimum five successfully completed CAS exams and pursuing designation, or already obtained designation. #LI-KP1 #LI-Hybrid In Illinois/California/New York, the average base pay range for an Actuarial Consultant is $100,000 to $142,000. 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 $54,000 to $103,000 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.

About CNA Financial Corporation

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; and commercial property, general liability, cyber liability, umbrella, and excess liability, as well as various other property and casualty coverages for healthcare institutions, professional services firms, and other specialized industries. The company also provides warranty and service contracts for consumer goods, and extended service contracts for consumer automobiles and recreational vehicles; and accident and health, and group life insurance products. In addition, it offers management and professional liability insurance and risk management services, as well as other specialized property and casualty coverages to various healthcare organizations, including hospitals, physician groups, and nursing homes. The company markets its products through independent agents, brokers, and general underwriters to various customers, including small, medium, and large businesses; insurance companies; associations; and other industry groups. CNA Financial Corporation was founded in 1853 and is headquartered in Chicago, Illinois.
Learn more about CNA Financial Corporation
Size
5,600 employees
Market Cap
$11.2 billion
Industry
Net Income
$690 million
Founded
1973
5 Year Trend
+4.7%
Revenue
$10.8 billion
NASDAQ

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