Senior Actuarial Consultant - Specialty Pricing (Cyber, Tech E&O, Media)

Posted 8 Days Ago
Be an Early Applicant
5 Locations
Hybrid
72K-185K Annually
Senior level
Cloud • Insurance • Professional Services • Analytics • Cybersecurity
The Role
The Senior Actuarial Consultant guides pricing strategies for Cyber and Media Liability, provides analytics, monitors trends, and collaborates with business partners. They also mentor junior staff and drive process innovation.
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.
A technical expert consulting on actuarial issues for the Financial Lines business unit, focusing on Cyber, Technology & Misc E&O, Film & Entertainment, and Media coverages for all entity types. Through the Cyber Product Board, guides CNA Enterprise on Cyber 1st and 3rd party exposures, ransomware, "silent cyber", and implied coverage embedded in E&O products. Works closely with key business partners and underwriters in the industry and product groups. Participates in the identification, development and implementation of pricing tools and guidance, development and utilization of Primeau (pricing and portfolio monitoring tool), and influences the pricing strategy for assigned products and programs. Monitors closely the external claim and exposure trends utilizing 3rd party data, government actions, and 3rd party news aggregation services.
In this role, you will enjoy a hybrid work schedule from one of our CNA Actuarial Hub offices (New York City, NY; Warren, NJ; Radnor, PA; Chicago, IL and Walnut Creek, 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:
  • Establishes relationship with business partners and functional subject matter experts, provides actuarial guidance as needed.
  • Builds strong relationships with peers, business partners and leaders in order to influence a specific segment's strategy through the use of actionable insights and analytics.
  • Provides analyses and insights to assist in determining pricing strategy for Cyber, Media Liability, and other professional liability like Tech E&O. May create and modify existing tools/analytics as needed.
  • Proactively monitors profitability/reserving and claim trends for Cyber, Media Liability, and other Professional Liability and shares results with recommendations to leaders and underwriting partners/ claim, underwriting and pricing business partners.
  • Provides guidance to less experienced team members and manages projects as needed.
  • Produces highly technical actuarial analyses and reports. Communicate findings to other analytical staff and management.
  • Stays up to date in actuarial expertise and industry trends and development.
  • Drives innovation in processes while maintaining clear documentation of methods.
  • Continually improves processes and maintains clear documentation of methods.

May perform additional duties as assigned.
Reporting Relationship
Director or above
Skills, Knowledge & Abilities
  • Strong knowledge of core functions of an insurance company and actuarial and statistical concepts.
  • Advanced actuarial technical expertise and product specific knowledge.
  • Ability to effectively communicate and influence using analyses at various levels, including senior leadership.
  • Experience building successful business partnerships.
  • Strong analytical, critical thinking and problem-solving skills with the ability to effectively resolve complex situations and issues.
  • Solid project management skills with ability to manage multiple priorities effectively and lead teams.
  • Ability to make critical business decisions effectively within scope of authority.
  • 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 seven years of related work experience.
  • ACAS designation and working towards FCAS. May include those that have attained their FCAS.

#LI-KP1
#LI-Hybrid
In Chicago/New York/California, the average base pay range for a Senior Actuarial Consultant is $130,500 to $185,000. 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, Illinois , Maryland , Massachusetts , New York and Washington, the national base pay range for this job level is $72,000 to $141,000 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] .

Top Skills

Actuarial Science
Cyber Risk Management
Data Analytics
Pricing Tools
Statistical Analysis

What the Team is Saying

Meghan Bautista
Mehrzad Adelzadeh
Alison Massey
SenthilKumar Asokan
Zach Jones
Lisa Smith
Josie Lee
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The Company
HQ: Chicago, IL
7,000 Employees
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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