Senior Actuarial Consultant Financial Institutions (Banks, Asset Managers, Private Equity, Insurance Companies)
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Job Location:
Chicago, IL - USA
Monthly Salary:
$ 130500 - 185000
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
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.A technical expert consulting on actuarial issues for the Financial Lines business unit focusing on Banks Asset Managers Insurance Companies and Private Equity as well as the related Errors and Omissions Liability products Directors & Officers Liability Employment Practice Liability Fiduciary Liability and Fidelity Bond exposures. 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 that consists of two days per week in one of our CNA Actuarial Hub offices (New York City NY; Chicago IL) 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 segments strategy through the use of actionable insights and analytics.
- Provides analyses and insights to assist in determining pricing strategy for Financial Institutions: Asset Managers Banks Insurance Companies and Private Equity along with the underlying products and coverages (E&O D&O EPL Fiduciary Fidelity). May create and modify existing tools/analytics as needed.
- Proactively monitors profitability and claim trends for Financial Institutions: Asset Managers Banks Insurance Companies and Private Equity along with the underlying products and coverages (E&O D&O EPL Fiduciary Fidelity). 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
- Bachelors 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 $130500 to $185000. 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 District of Columbia California Colorado Connecticut Illinois Maryland Massachusetts New York and Washington the national base pay range for this job level is $72000 to $141000 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:
Manager
Key Skills
- Sales Experience
- Computer Skills
- System Architecture
- Millennium
- Windows
- Workers' Compensation Law
- Detailing
- White Papers
- Insurance Sales
- Qualitative Analysis
- Customer relationship management
- Management Consulting
About Company
CNA provides insurance solutions to more than 1 million businesses and professionals worldwide. With more than 100 years of industry experience, CNA has earned a reputation as one of the most trusted commercial insurance companies in the business. We’re a powerful legacy built on expe ... View more
