Actuarial Sr Consultant (P&C) - Reserving Actuary at CNA

| Chicago, IL
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Job Summary
As a technical expert, the Actuarial Senior Consultant develops and recommends actuarial or reserve strategies of a complex nature for specialty lines of business (cyber liability, tech errors and omissions, media and miscellaneous errors and omissions, directors and officers liability) and a commercial line of business (umbrella) in P&C to be used by senior management for making business decisions and formulating business strategy. This role oversees and advances reserving techniques for specialty lines. May participate in the development and implementation of corporate-wide initiatives, and may lead special projects.
This role could be filled at the Consultant level depending on the skills/experience of the selected candidate.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
  1. Performs complex actuarial calculations and actuarial studies.
  2. Determines reserving recommendation for an assigned area and analyzes existing tools, modifying or creating new tools, as needed.
  3. Monitors the profitability and trends for a product line or segment.
  4. Ensures accuracy of all financial reports and statements, which may include participation in the financial close process.
  5. Produces highly technical reports and communicates with other analytical staff and management including presentations to senior management.
  6. Manages project teams and may be responsible for special projects and presentations.
  7. Facilitates communication and partners with other functional groups (e.g., Claims, Finance) on actuarial issues.
  8. Provides guidance to less experienced team members and may lead and/or participate in special projects.
  9. 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.
1. May participate in industry trade groups and may represent company at industry meetings.
2. May act as expert witness and may represent the company with government agencies
Reporting Relationship
Director or above
Skills, Knowledge & Abilities
1. Strong knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts.
2. Advanced actuarial technical expertise and product specific knowledge.
3. Strong interpersonal, communication and presentation skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
4. Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve complex situations and issues
5. Solid project management, organization, and planning skills with the ability to manage multiple projects effectively and lead teams.
6. Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews.
7. Ability to solve issues with a sense of urgency; utilizes and manages the available resources to make informed decisions and achieve superior results.
8. Ability to creatively and effectively manage through ambiguous and challenging problems, leads through change and takes appropriate levels of risk.
9. Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.
10. Solid knowledge of Microsoft Office Suite and familiarity with R, SQL and other business-related software systems, including processing systems and applications.
Education & Experience
1. Bachelor's Degree in a relevant discipline, or equivalent.
2. Typically a minimum of seven years of related work experience.
3. Typically has their Associate accreditation (ACAS), and may be working towards Fellowship; may include those that have attained their FCAS.
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What are CNA Perks + Benefits

CNA Benefits Overview

One of the many advantages of working at CNA is the benefits program we offer you and your eligible dependents,
beginning on the first day of your employment. The program features a variety of plans that provide health care
benefits, well-being, disability and survivor protection, and 401(k) savings, among others. Below are highlights
of the offerings.

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Open door policy
Team owned deliverables
Group brainstorming sessions
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Diversity Employee Resource Groups
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Company Equity
Employee Stock Purchase Plan
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Holidays
Paid Sick Days
Perks & Discounts
Relocation Assistance
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Lunch and learns
Online course subscriptions available
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