Senior Actuarial Consultant - Long Term Care Reserving (Life & Health)

CNA • Chicago, IL

4d • Hybrid

About The Position

This position is an exciting opportunity to drive strategy and execution as a member of CNA’s LTC Reserving and Finance team. The role is within a highly collaborative environment with key internal and external business partners to support the financial management associated with CNA’s Long-Term Care business. The Senior Actuarial Consultant will use their technical strengths, detail-oriented mindset, process excellence, and strong communication abilities to turn complex policyholder and claims data into financial insights enabling risk management and stable financial performance. This position works a hybrid schedule from the CNA Chicago office and offers full actuarial exam study support, flexible work options, and a focus on professional development.

Requirements

• Strong knowledge of the core functions of an insurance company, general insurance, actuarial and statistical concepts.
• Advanced actuarial and financial expertise and product-specific knowledge.
• Strong interpersonal, communication and presentation skills, with the ability to effectively interact with all levels of CNA’s internal and external business partners.
• Strong analytical, critical-thinking and problem-solving skills, with the ability to effectively resolve complex situations and issues.
• Strong project management, organization and planning skills, with the ability to manage multiple projects effectively and lead teams.
• Ability to exercise independent judgment and make critical business decisions effectively within the scope of authority, based on data analyses and reviews.
• Ability to comprehend business data and metrics and further articulate analyses of actuarial data within internal reports.
• Experience working in a SOX controlled environment with financial results reporting.
• Experience with Microsoft Office Suite and other business-related software systems, including processing systems and applications.
• Experience with ETL tools, such as SQL or Alteryx.
• Experience with BI tools, such as Tableau, PowerBI, or Looker.
• Bachelor’s degree in a relevant discipline, or equivalent.
• Typically a minimum of five to seven years of related work experience.
• Typically holds an Associate of the Society of Actuaries (ASA) credential and may be working toward Fellowship; may include candidates who have attained their FSA.

Nice To Haves

• Experience with programming and tools such as SAS, SQL or R
• Experience with Google Cloud Platform
• Experience with actuarial valuation systems such as AXIS Actuarial Modeling Software
• Experience with insurance reserve accounting standards (i.e. GAAP or LDTI)

Responsibilities

• Manages execution of monthly reserving and financial close processes performing complex actuarial calculations and collaborating with Reserving actuary team members and cross functional partners.
• Drives the process behind the determination of reserves to support the monthly close process and annual reserve testing for the LTC block of business.
• Owns the roadmap and cross functional execution of improving and modernizing reserving-specific data preparation workflows through adoption of industry leading tools and simplifying processes.
• Ensures the accuracy of all financial reports and statements with adherence to SOX controls, in close collaboration with Finance peers and other Actuarial teams.
• Produces highly technical reports and communicates with other actuarial and analytical staff and management, including presentations to senior management.
• Facilitates communication and provides technical guidance to business partners and other functional areas, such as Claims and Finance, on actuarial issues.
• Monitors experience and financial trends for the LTC and structured settlement segments.
• Manages project teams and may be responsible for special projects and presentations.
• Provides guidance to less experienced team members and may lead and/or participate in special projects.
• Stays current in the functional area of expertise and on industry trends and developments, and ensures knowledge transfer within the organization.

Benefits

• Full actuarial exam study support
• Flexible work options
• Focus on professional development
• Comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior