Actuarial Consultant, Pricing (Medical Malpractice)
Actuarial Consultant, Pricing (Medical Malpractice)
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Job Description
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 CNAs 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.In this role you will assist in developing actuarial pricing and rating plans for CNAs Medical Professional Liability (Medical Malpractice) coverage across multiple Healthcare products including Physicians Aging Services Dentists Nurses and Allied Facilities. You will collaborate with business partners and Actuarial leaders. This role also serves as an advisor to Actuarial peers by providing actuarial analyses in support of influencing pricing decisions and strategies.
In this position you will enjoy a hybrid work schedule determined by the needs of the business that typically consists of one day per week at one of our CNA actuarial hub office locations including Chicago IL; Radnor PA; Warren NJ; New York City NY 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.
As determined by CNA and depending on the applicants experience and/or qualifications candidates may be hired into one of two Actuarial positions: Actuarial Analyst or Actuarial Consultant. Typically 2-7 years of related experience.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Collaborates with business partners and functional subject matter experts provides actuarial input as needed.
- Partners with peers and business partners to support a specific segments strategy through the use of actionable insights and analytics.
- Provides support in determining pricing strategy for an assigned area. May create and modify existing tools/analytics as needed.
- Proactively monitors profitability/reserving and claim trends for Specialty (Medical Malpractice) and shares results with actuarial leaders and peers.
- Provides support to less experienced team members and help to manage projects as needed.
- Stays up to date in actuarial expertise and industry trends and development.
- Produces standard and special reports as needed.
May perform additional duties as assigned.
Reporting Relationship
Director or above
Skills Knowledge & Abilities
- Solid knowledge of core functions of an insurance company general insurance actuarial and statistical concepts.
- Demonstrated technical expertise and product specific knowledge.
- Strong analytical and problem solving skills with the ability to effectively resolve moderately complex situations and issues. Demonstrates attention to detail.
- Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNAs internal and external business partners.
- Ability to work independently and leads multiple moderately complex projects.
- Ability to make critical business decisions effectively within scope of authority.
- Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.
Education & Experience
- Bachelors Degree in a relevant discipline or equivalent.
- Typically a minimum of four years of related work experience.
- Typically at least three to five successfully completed CAS exams. May include those with their Associateship or Fellowship.
#LI-KP1
#LI-Hybrid
In Illinois/New York/California the average base pay range for an Actuarial Analyst to Actuarial Consultant is $72600 to $137500. Salary determinations are based on various factors including but not limited to relevant work experience skills certifications and location.
In 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 $54000 to $103000 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 CNAs benefits please visit.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation please contact.
Required Experience:
Contract
Employment Type
Full-Time
