CNA Insurance
Senior Actuarial Consultant, Reserving (Financial Lines)
CNA Insurance, Walnut Creek, California, United States, 94598
Senior Actuarial Consultant, Reserving (Financial Lines)
Apply locations: New York, NY, USA; Warren, NJ, USA; Radnor, PA, USA; Walnut Creek, CA, USA; Chicago, IL, USA
Type: Full time
Posted on: Posted 5 Days Ago
Job requisition id: R-5731
CNA is seeking a Senior Actuarial Consultant to develop and recommend actuarial reserve strategies for CNA's Financial Lines business unit, supporting senior management in decision-making and strategy formulation.
This role involves overseeing reserving techniques for the Financial Lines product suite (D&O, Cyber, E&O, EPL), monitoring external trends, collaborating with business partners, and providing actuarial analyses and insights to influence reserving decisions.
The position offers a hybrid work schedule, typically 1 day per week at one of our CNA actuarial hub locations. Candidates may be hired into either Actuarial Consultant or Senior Actuarial Consultant roles, typically requiring 4-10+ years of related experience.
Essential Duties & Responsibilities
Perform complex actuarial calculations and studies to determine reserve recommendations, analyzing and developing tools as needed. Provide analyses to support reserving strategies and complete quarterly reviews. Build relationships with peers and business partners to influence strategy through insights and analytics. Monitor reserving and claim trends, sharing findings and recommendations. Ensure accuracy of financial reports, participate in financial close processes. Produce technical actuarial analyses and communicate findings effectively. Guide less experienced team members and manage projects. Stay updated on actuarial trends and facilitate knowledge transfer. Drive process innovation and maintain documentation of methods. Reporting Relationship
Director or above Skills, Knowledge & Abilities
Strong knowledge of insurance functions and actuarial concepts. Advanced technical expertise in actuarial and product-specific areas. Excellent interpersonal and communication skills. Strong analytical and problem-solving skills. Project management and organizational skills. Ability to exercise independent judgment and lead through change. Proficiency with Microsoft Office, R, SQL, Alteryx, Tableau, and related systems. Education & Experience
Bachelor’s Degree or equivalent in a relevant discipline. Typically 7+ years of related experience. ACAS designation, working towards FCAS, or attained FCAS. Salary range in Illinois/New York/California: $97,000 to $185,000, based on experience and location. In certain jurisdictions, the range is $72,000 to $141,000 annually. CNA offers a comprehensive benefits package. CNA is committed to providing reasonable accommodations for individuals with disabilities. To request an accommodation, contact leaveadministration@cna.com.
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Perform complex actuarial calculations and studies to determine reserve recommendations, analyzing and developing tools as needed. Provide analyses to support reserving strategies and complete quarterly reviews. Build relationships with peers and business partners to influence strategy through insights and analytics. Monitor reserving and claim trends, sharing findings and recommendations. Ensure accuracy of financial reports, participate in financial close processes. Produce technical actuarial analyses and communicate findings effectively. Guide less experienced team members and manage projects. Stay updated on actuarial trends and facilitate knowledge transfer. Drive process innovation and maintain documentation of methods. Reporting Relationship
Director or above Skills, Knowledge & Abilities
Strong knowledge of insurance functions and actuarial concepts. Advanced technical expertise in actuarial and product-specific areas. Excellent interpersonal and communication skills. Strong analytical and problem-solving skills. Project management and organizational skills. Ability to exercise independent judgment and lead through change. Proficiency with Microsoft Office, R, SQL, Alteryx, Tableau, and related systems. Education & Experience
Bachelor’s Degree or equivalent in a relevant discipline. Typically 7+ years of related experience. ACAS designation, working towards FCAS, or attained FCAS. Salary range in Illinois/New York/California: $97,000 to $185,000, based on experience and location. In certain jurisdictions, the range is $72,000 to $141,000 annually. CNA offers a comprehensive benefits package. CNA is committed to providing reasonable accommodations for individuals with disabilities. To request an accommodation, contact leaveadministration@cna.com.
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