CNA Financial Corporation

Senior Actuarial Consultant, Large Account Pricing

CNA Financial Corporation$134K — $190K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s Degree in a relevant discipline or equivalent
  • Typically 7+ years of related work experience
  • ACAS designation, potentially working towards FCAS
  • Strong knowledge of insurance functions and actuarial concepts
  • Advanced technical expertise with experience building business partnerships

Responsibilities

  • Establish relationships with business partners and provide actuarial guidance
  • Build strong relationships with peers to influence pricing strategy
  • Provide analyses to assist in the pricing strategy development
  • Monitor profitability trends and advise leaders and partners
  • Mentor less experienced team members and manage projects
  • Produce technical actuarial analyses and communicate findings
  • Drive process innovation while maintaining clear documentation

Benefits

  • Actuarial Education Program with study support for exam candidates
  • Hybrid work schedule with flexibility in office locations
  • Access to a comprehensive and competitive benefits package
  • Focus on employee wellbeing encompassing physical, financial, emotional, and social aspects
Full Job Description
Due to an internal promotion, CNA Insurance Commercial Pricing has an opening for a Large Account Pricing Actuary. This role supports loss-rated and loss-sensitive casualty business across Commercial, including workers compensation, general liability, and commercial auto. Responsibilities include ensuring guidance provided through various pricing and underwriting tools align with pricing review, developing loss picks and technical premium for individual large accounts, pricing closeouts as requested, monitoring and improve usage of loss rating tool. You will also perform the annual profitability review and other portfolio-level analyses as needed and interact closely with business partners to explain technical pricing indications and complete other projects as assigned. Previous large account pricing experience is not required, but successful candidates should have a strong desire to learn the necessary skills and techniques from others on the team. 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 of two days per week 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. - Provides analyses and insights to assist in determining pricing strategy. May create and modify existing tools/analytics as needed. - Proactively monitors profitability trends and shares results with recommendations to leaders and 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 improve processes and maintain 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 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 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 may be working towards FCAS. May include those that have attained their FCAS. #LI-KP1 #LI-Hybrid In Illinois/New York/California, the average base pay range for a Senior Actuarial Consultant is $134,500 to $190,500. 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 $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.

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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