Actuarial Consulting Director, Reserving

Posted 9 Hours Ago
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Hiring Remotely in United States
Remote
87K-208K Annually
7+ Years Experience
Cloud • Insurance • Professional Services • Analytics • Cybersecurity
The Role
As an Actuarial Consulting Director at CNA Insurance, you will be responsible for performing extensive research on high impact and complex actuarial studies, consulting on actuarial trends, and leading special projects related to reserving. This role involves collaborating with various departments, delivering findings to senior management, and staying up-to-date with industry trends. The position offers the flexibility of remote or hybrid work arrangements.
Summary Generated by Built In

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.
CNA Insurance is seeking an Actuarial Consulting Director focused on First Party Reserving and Special Projects. This Senior level individual contributor will be responsible for performing extensive research on high impact and complex actuarial studies. You will consult and may lead the strategy related to actuarial trends and influence the reserve reviews for Commercial Property and Marine lines of business, including catastrophe reserving. This role will collaborate closely with Claims in addition to Pricing and Underwriting to understand latest trends and communicate reserve review results and monthly CAT activity. You will also participate and lead special projects that span multiple lines of business, such as supporting our P&C reserve range, current accident year loss ratios and assisting in the reserving department's transition to cloud-based data and technologies.
This is a great opportunity for a technically and analytically strong actuary who is interested in projects that are highly visible to actuarial leadership.
We are open to a variety of work arrangements including fully remote or hybrid one day per week in one of our Actuarial Hub offices (Radnor, PA; Warren, NJ; Chicago, IL; New York City, NY; Walnut Creek, CA) depending upon candidate location and preferences.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

  • Produces highly technical actuarial analyses and reports, such as the P&C reserve range, current accident year noncat loss ratios, and catastrophe reserving. Delivers findings and presentations to senior management.
  • Provides analysis and support on the tools, data and processes used by the reserving department.
  • Provides business partners and functional subject matter experts actuarial guidance and business insights related to reserving.
  • 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 reserving strategies for Commercial Property and Marine lines. Drives innovation in products through thought leadership.
  • Responsible for the monitoring reserving and claim trends for Commercial Property and Marine lines. 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.


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.
  • Ability to achieve results by taking a proactive long-term view of business goals and objectives.
  • 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.
  • Associate or Fellow of the Casualty Actuarial Society.


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In New York/California, the average base pay range for an Actuarial Consulting Director is $166,500 to $208,000. 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, Maryland , New York and Washington, the national base pay range for this job level is $87,000 to $178,000 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 [email protected] .

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The Company
HQ: Chicago, IL
7,000 Employees
Hybrid Workplace
Year Founded: 1897

What We Do

CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe.

As a company of allies, we understand the importance of fostering an inclusive and supportive culture for all employees. Our eight Employee Resource Groups elevate the voices of underrepresented groups and champion critical DEI initiatives in the workplace and beyond. We strive to promote an environment of inclusion and continuously work to ensure all employees feel valued and respected.

Why Work With Us

CNA knows the importance of having the tools you need to expand your expertise and develop your career. With a variety of cross-discipline and cross-functional opportunities, CNA provides you with the tools and resources needed to customize your career path and understand what is needed to be effective in your role.

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CNA Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Typical time on-site: Flexible
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HQChicago, IL
Located in the heart of the loop, CNA’s headquarters are at 151 N Franklin. With close proximity to both L and Metra stations.

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