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Job Details

Actuarial Senior Consultant Specialty Pricing Cyber

Company name

Chicago, IL, United States

Employment Type

Actuarial, Insurance

Posted on
Mar 08,2019

Valid Through
Jun 21,2019

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Actuarial Senior Consultant – Specialty Pricing (Cyber)','ACT0000JO','','','!*!Job SummaryA technical expert consulting on actuarial issues for the whole CNA Enterprise, focusing on Cyber 1st and 3rd party exposures, “silent cyber”, and implied coverage embedded in E&O products. 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, in addition to strategy for individual large accounts through our Watchlist process. Monitors closely the external trends from worldwide cyber events, emerging risks, and working closely with CAT modeling group to understand CNA’s aggregation risk.Essential Duties & Responsibilities1. Performs complex actuarial calculations and actuarial studies and develops rates for existing and/or new business. 2. Determines pricing strategy for Cyber 1st and 3rd party liability and analyzes existing pricing tools, modifying or creating new pricing tools, as needed. 3. Monitors the profitability and trends for cyber products offered throughout the enterprise. 4. Produce highly technical reports and communicate with other analytical staff and management including presentations to senior management; primarily utilizing the Primeau suite of tools.5. Manages project teams and may be responsible for special projects and presentations. 6. Facilitates communication and provides technical guidance to Underwriting regarding the pricing of new and/or existing business and partners with other functional groups (e.g., Claims, Finance) on actuarial issues. 7. Manages the analytics and data needs required for the cyber reinsurance treaty renewals.8. Provides guidance to less experienced team members and may lead and/or participate in special projects. 9. Stays up to date in functional area of expertise, on industry trends and developments, and assures knowledge transfer within the organization. 10. May review and submit rate filings and contacts regulatory and state agencies as necessary.11. Ensures accuracy of all financial reports and statements, which may include participation in the financial close process.May perform additional duties as assigned.Reporting RelationshipThe position reports to VP & ActuarySkills, Knowledge & Abilities 1. Strong knowledge of core functions of an insurance company, general insurance, actuarial and statistical concepts. 2. Advanced technical expertise and product specific knowledge. 3. Strong interpersonal, communication and presentation skills. Ability to effectively interact with all levels of CNA’s internal and external business partners. 4. Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve complex situations and issues 5. Solid project management, organization, and planning skills with the ability to manage multiple projects effectively and lead teams. 6. Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews. 7. Solid knowledge of Microsoft Office Suite, R, Tableau, and other business-related software systems, including processing systems and applications, hardware and software tools, programming languages, computer modeling, and spreadsheet applications.Education & Experience1. Bachelor's Degree in a relevant discipline or equivalent.2. Typically a minimum of five years of related work experience.3. Typically has attained their Fellowship accreditation (FCAS).*LI-JM2

','CNA is an Equal Opportunity Employer committed to a diverse work culture. M/F/D/V.','CNA is an Equal Opportunity Employer committed to a diverse work culture. M/F/D/V.','Actuarial','United States-Illinois-Chicago','','USSPL-Actuary-ProPrcg','Mar 8, 2019','Ongoing','','false','Actuarial Senior Consultant – Specialty Pricing (Cyber)

Company info

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Company Profile
Since 1897, CNA has been providing outstanding service and an ongoing commitment to building long-term relationships, earning us a reputation for being a carrier that inspires trust. At CNA, we take pride in our ability to offer innovative products and services that meet the evolving needs of our customers and business partners alike. As the 7th largest U.S. commercial insurer and the 13th largest U.S. property & casualty insurer, we provide insurance protection to more than one million businesses and professionals in the U.S. and internationally. We understand the importance of being where our customers are. Headquartered in Chicago, CNA has offices throughout the U.S., Canada and Europe. In these locations, we work with highly professional independent agents and brokers to ensure our customers receive the personal service and attention they look for in a carrier.

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