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.
CNA’s Long Term Care (LTC) business unit is not your typical slow moving insurance company; we have the resources of a large company behind us and operate with a start-up mindset. With a team of 50 across multiple insurance disciplines of Operations, Claim, Anti-Fraud, Finance, Actuarial and Data Analytics, we move quickly and have a clear line of insight into how we make an impact. With approximately $14B in reserves serving 300K policyholders, CNA’s LTC business is an important strategic priority for CNA.
This is an exciting opportunity to drive strategy and execution as a member of CNA's LTC Inforce Management team. Come work in a highly collaborative environment with key internal and external business partners to support the risk management associated with CNA’s Long Term Care business.
The successful candidate will be technically strong, detail-oriented and have strong communication abilities. Candidates with a financial, accounting or data analytics background could transition well into this role and are encouraged to apply. The position may also be adjusted to an actuarial role for candidates with the appropriate experience. Please ask about our Actuarial Education Program.
This position enjoys a flexible hybrid work schedule at our CNA Chicago office.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Contribute to the development and execution of pricing and industry-leading risk reduction strategies.
- Compile, create and/or perform technical reviews of actuarial memorandums for rate filing purposes, including preparation of actuarial exhibits and data summaries. Efficiently prepare error-free state filing forms, exhibits, memos and supporting materials for regulatory filings.
- With little direction, research and analyze regulator questions using internal and external resources. Make recommendations to business partners to influence filing outcomes.
- Analyze and review financial data to help inform future business strategy.
- Drive process improvements to gain efficiencies, while creating repeatable and auditable processes. Ensure tools and processes produce efficient, consistent, and accurate information. Identify shortcomings with existing tools and processes and propose solutions.
- May perform additional duties as assigned.
Reporting Relationship
Director or above
Skills, Knowledge & Abilities
- Knowledge of the insurance industry as well as understanding of CNA’s products, services, goals and objectives.
- Strong interpersonal and communication skills, both verbal and written. 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.
- Solid project management, organization, and planning skills with the ability to manage multiple projects and bring items to closure.
- Ability to exercise independent judgment and make critical business decisions effectively within scope of authority based on data analyses and reviews.
- Ability to comprehend business data and metrics and to further articulate analyses of actuarial financial data within internal reports.
- Knowledge of computer applications, including Microsoft Office Suite and other business-related software.
- Not required, but a plus: knowledge of programming and/or data visualization tools such as Alteryx, Tableau, SAS/SQL/R.
Education & Experience
- Bachelor's Degree in a relevant discipline, such as accounting, actuarial science, finance, analytics or other equivalent.
- Typically, three to five years of related work experience.
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In Illinois, the average base pay range for a Pricing Consultant is $76,000 to $95,000. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.
In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia,California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $54,000 to $103,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA’s benefits, please visit cnabenefits.com.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contactleaveadministration@cna.com.
