Actuarial Consultant (P&C) - Specialty Affinity Pricing

Job Summary

In this role, you will have the opportunity to support pricing efforts for our Specialty Professional Liability Programs with pricing reviews, communications with business partners, building pricing and book monitoring tools, and performing/guiding insurance department filings. .

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

• Performs actuarial calculations, moderately complex actuarial studies, and develops rates for existing and/or new business.

• Participates in the development of pricing strategies and/or new pricing tools with a focus of driving profitability for a product line or segment.

• Prepares or coordinates the preparation of standard reports, as well as, special reports for management.

• Facilitates communication and provides guidance to Underwriting regarding the pricing of new and/or existing business and collaborates with other functional groups (e.g. Underwriting, Claim, Finance, MGU partners) on actuarial issues.

• Prepares and submits rate filings and may contact regulatory and state agencies as necessary.

• Perform Large Account Pricing.

• May participate in special projects.

May perform additional duties as assigned.

Reporting Relationship

Director, Affinity Pricing

Skills, Knowledge & Abilities

1. Solid knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts.
2. Demonstrated technical expertise and product specific knowledge.
3. Strong analytical and problem solving skills with the ability to effectively resolve moderately complex situations and issues. Demonstrates attention to detail.
4. Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNA’s internal and external business partners.
5. Ability to work independently, as well in a team, manage time and resources to accomplish multiple tasks and meet deadlines.
6. Good time management with strong organizational skills and the ability to prioritize and manage work deliverables effectively.
7. Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews.
8. Ability to adapt to change and value diverse opinions and ideas.
9. Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.
10. Solid knowledge of Microsoft Office Suite and other business-related software systems, including processing systems and applications. Experience and understanding data queries/programming.

Education & Experience

1. Bachelor's Degree in a relevant discipline, or equivalent.
2. Typically a two to four years of related work experience, and at least three to five successfully completed CAS exams. May include those with their Associateship.