Actuarial Sr Consultant - Medical Malpractice Pricing (P&C)
Technical expert consulting on actuarial issues for the Healthcare business unit, primarily Medical Professional Liability for Aging Services, Allied Facilities, and Physicians. Major responsibilities include pricing reviews for individual large accounts, refinement of actuarial tools / methodologies, portfolio monitoring, support development of new programs, and analysis of industry data.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Facilitates communication and provides technical guidance to Underwriting regarding the pricing of new and/or existing business and partners with other functional groups (e.g. Claims, Finance) on actuarial issues.
- Develops refinements to applicable rating plans and pricing models to support the proper pricing of individual risks; manage implementation of changes and drive conversations and training with underwriters to gain alignment
- Monitors the profitability and trends for a product line or segment.
- Produces highly technical reports and communicates with other analytical staff and management including presentations to senior management.
- Manages project teams and may be responsible for special projects and presentations.
- 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 and 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 issues
- Solid project management organization and planning skills with the ability to manage multiple projects effectively and lead teams.
- 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.
- Ability to creatively and effectively manage through ambiguous and challenging problems leads through change and takes appropriate levels of risk.
- Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.
- Solid knowledge of Microsoft Office Suite and other business-related software systems including processing systems and applications.
Education and 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.