Actuarial Consultant (P&C) - Rate Filings

CNA•Chicago, IL

4d•$97,000 - $137,500•Hybrid

About The Position

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. In this Actuarial Consultant role, you will evaluate bureau circulars, conduct competitor research, propose rate changes by state and product, and quantify rate impacts. You will prepare and present rate change proposals to senior leaders in Pricing and Underwriting and will work closely with partners in Technology to coordinate and optimize rate implementation availability. You will also be responsible for identifying innovations and building new tools to improve the efficiency and accuracy of rate filings and communications. For those candidates still sitting for exams, you will participate in our Actuarial Education Program which provides competitive study support and exam raises. This position works a hybrid schedule from a CNA Actuarial Hub Location including Chicago, IL; Radnor, PA; Warren, NJ; New York City, NY and Walnut Creek, CA.

Requirements

Broad knowledge of insurance business functions, statistical methods of analysis, actuarial ratemaking methods, regulatory reporting and industry practices.
Demonstrated technical expertise.
Knowledge and understanding of data marts and applications.
Knowledge of computer applications, including Microsoft Office Suite and other business related software (SQL and VBA proficiency is a plus).
Strong interpersonal, communication and presentation skills.
Ability to effectively interact with all levels of internal and external business partners.
Solid project management, organization, and planning skills.
Ability to effectively interact with all levels of CNA’s internal and external business partners sometimes influencing decisions.
Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve moderately complex situations and issues.
Ability to comprehend business data and metrics and to further articulate analyses of actuarial data within internal reports.
Bachelor's degree in Mathematics, Statistics, or Actuarial Science or equivalent.
A minimum of four years of related work experience.
Successfully completed at least three to five CAS exams.

Nice To Haves

SQL and VBA experience preferred.
Candidates with Associateship are strongly preferred.

Responsibilities

Compiles data and prepares exhibits containing premium and claim statistics to state insurance departments, bureaus and other regulatory agencies.
Prepares error-free state filing forms, exhibits, memos and supporting materials for regulatory filings.
Keep abreast of leading market practices and driving innovation by developing rate impact analysis tools and other rate filing exhibits.
Designs, develops, and maintains automated tools to streamline data extraction, transformation, and validation processes.
With little direction, responds to regulatory agencies' and bureaus' questions and objections after performing analysis, researching and/or gathering information from business partners.
Makes recommendations to business partners to influence filing outcomes.
Prepares rate proposals (including relevant bureau circulars and competitor information), rate impact calculations, and preliminary external rate level indications to influence pricing decisions.
Presents recommendations to Underwriting partners and Actuarial leaders.
Identifies opportunities for process improvement and automation within the filing workflow.
Collaborates with actuarial, compliance, and IT teams to integrate new tools and technologies into existing systems.
May perform additional duties as assigned.