Pricing Consultant

Posted 23 Hours Ago
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Chicago, IL
Hybrid
1-3 Years Experience
Cloud • Insurance • Professional Services • Analytics • Cybersecurity
The Role
As a Pricing Consultant at CNA, you'll develop and execute pricing strategies, prepare regulatory submissions, analyze financial data, and drive process improvements for the Long Term Care business unit.
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.
CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them - and their family members - achieve their physical, financial, emotional and social wellbeing goals.
For a detailed look at CNA's benefits, check out our Candidate Guide .
CNA's Long Term Care (LTC) business unit is not your typical slow moving insurance company; we have the resources of a large company behind us and operate with a start-up mindset. With a team of 50 across multiple insurance disciplines of Operations, Claim, Anti-Fraud, Finance, Actuarial and Data Analytics, we move quickly and have a clear line of insight into how we make an impact. With approx. $14B in reserves serving 300K policyholders, CNA's LTC business is an important strategic priority for CNA.
Consider this exciting opportunity as a Pricing Consultant where you will drive strategy and execution as a member of CNA's LTC Inforce Management team. Come work in a highly collaborative environment with key internal and external business partners to support the risk management associated with CNA's Long Term Care business.
You will put your analytical skills to work providing quantitative support, analysis and research as you partner with the team to complete actuarial rate filings for submission to regulatory agencies ensuring exhibits are complete, timely and accurate. Successful candidates are technically strong, detail-oriented and have strong communication abilities. This role does not require actuarial credentials. However, this position may be adjusted to an actuarial role for interested actuarial candidates with the appropriate experience, providing access to our Actuarial Education Program.
This position enjoys a hybrid work schedule determined by the needs of the business that typically consists of one day per week in our Chicago office.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

  • Contribute to the development and execution of pricing strategies with a focus on driving profitability and other risk mitigation strategies for the LTC book of business.
  • Compile data and prepare exhibits containing premium and claim statistics to state insurance departments, bureaus and other regulatory agencies. Efficiently prepare error-free state filing forms, actuarial exhibits, actuarial memorandums and supporting materials for regulatory filings.
  • With little direction, respond to regulatory agencies' and bureaus' questions and objections after performing analysis, researching and/or gathering information from business partners. Makes recommendations to business partners to influence filing outcomes.
  • Analyze and review financial data to help inform future business decisions.
  • Drive process improvements to gain efficiencies, while creating repeatable and auditable processes. Ensure tools and processes produce efficient, consistent, and accurate information. Identify shortcomings with existing tools and processes and proposes solutions.
  • May participate in special projects.


May perform additional duties as assigned.
Reporting Relationship
Director or above
Skills, Knowledge & Abilities

  • Knowledge of the insurance industry as well as understanding of the CNA's products, services, goals and objectives.
  • Strong interpersonal and communication skills, both verbal and written. Ability to effectively interact with all levels of 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 and bring items to closure.
  • Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews.
  • Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.
  • Knowledge of computer applications, including Microsoft Office Suite and other business-related software.
  • Not required, but a plus: Knowledge of programming and/or data visualization tools such as Alteryx, Tableau, SAS/SQL/R.


Education & Experience

  • Bachelor's Degree in a relevant discipline, or equivalent.
  • Typically three to five years of related work experience.


#LI-KP1
#LI-Hybrid
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected] .

What the Team is Saying

Meghan Bautista
Mehrzad Adelzadeh
Alison Massey
SenthilKumar Asokan
Zach Jones
Lisa Smith
Josie Lee
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
Company Office Image
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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