Senior Actuarial Consultant

2 days ago


New York, United States CNA Insurance Full time $143,500 - $179,500
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.

Apply now, read the job details by scrolling down Double check you have the necessary skills before sending an application.

Due to an internal promotion, CNA is seeking an Senior Actuarial Consultant. In this role you will develop and recommend actuarial reserve strategies for Umbrella & Excess and GL lines, spanning National Accounts Casualty, Middle Market, Construction, and Small Business SBUs. Over time, you will leverage the expertise you develop in these lines to take on a leading role in interactions with business partners and work to produce new insights.

The Commercial Reserving team is responsible for high profile, complex reviews that can be technically and analytically intensive. We work closely with our partners in Claims, Pricing, and Underwriting to understand individual claim movements, broader internal and external trends, compositional changes in the book, etc., in order to assess bulk reserve balances and dive deeper to provide compelling and actionable insights. Previous reserving and/or Umbrella and GL experience is a plus but not required, although successful candidates should have a strong desire to learn the necessary skills and techniques from others on the team.

This is a great opportunity for those looking to develop strong reserving and product expertise across multiple casualty lines of business. This role provides the opportunity to help shape the future of Umbrella and GL reserve reviews through new methodologies, advancing diagnostics and business storytelling.

In this position, you will enjoy a hybrid work schedule that typically consists of one day per week in one of our CNA Actuarial Hub offices (New York City, NY; Warren, NJ; Radnor, PA; Chicago, IL and San Francisco, CA) 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:

Performs complex actuarial calculations and actuarial studies.
Determines reserve recommendations for an assigned area and analyzes existing tools, modifying or creating new tools, as needed.
Monitors the profitability and trends for a product line or segment.
Ensures accuracy of all financial reports and statements, which may include participation in the financial close process.
Produces highly technical reports and communicates with other analytical staff and management including presentations to senior management.
Facilitates communication and partners with other functional groups (e.g., Claims, Pricing, Finance) on actuarial issues.
Provides guidance to less experienced team members and may lead and/or participate in special projects.
Stays up to date in functional area of expertise, on industry trends and developments, and assures knowledge transfer within the organization.

May perform additional duties as assigned.

Reporting Relationship

Director or above

Skills, Knowledge & Abilities

Strong knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts.
Advanced actuarial technical expertise and product specific knowledge.
Strong interpersonal, communication and presentation skills. Ability to effectively interact with all levels of CNA’s internal and external business partners.
Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve complex situations and manage through ambiguous and challenging problems.
Solid project management, organization, and planning skills with the ability to manage multiple projects effectively.
Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews.
Ability to solve issues with a sense of urgency; utilizes and manages the available resources to make informed decisions and achieve superior results.
Solid knowledge of Microsoft Office Suite and familiarity with R, SQL, Alteryx, Tableau and other business-related software systems, including processing systems and applications.

Education & Experience

Bachelor's Degree in a relevant discipline, or equivalent.
Typically a minimum of seven years of related work experience.
Typically has their Associate accreditation (ACAS), and may be working towards Fellowship; may include those that have attained their FCAS.

#LI-KP1

#LI-Hybrid

In New York/California, the average base pay range for a Senior Actuarial Consultant is $143,500 to $179,500. 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, Maryland, New York and Washington, the national base pay range for this job level is $71,000 to $133,000 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.

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