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

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 over 50 across multiple insurance disciplines, including Operations, Claim, Anti-Fraud, Finance, Actuarial and Data Analytics, we move quickly and have clear insight into how we make an impact. With approximately $14 billion in reserves serving 300,000 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 Reserving and Finance team. Come work in a highly collaborative environment with key internal and external business partners to support the financial management associated with CNA’s Long-Term Care business. Use your 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 at 151 N. Franklin St. and offers full actuarial exam study support, flexible work options and a focus on professional development.

JOB DESCRIPTION

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

• 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.

Reporting Relationship

Director or above

Skills, Knowledge & Abilities

• 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 creatively and effectively manage ambiguous and challenging problems, lead through change and take appropriate levels of risk.

• 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.

• Preferred, but not required, experience with programming and tools such as SAS, SQL or R; experience with Google Cloud Platform; or experience with actuarial valuation systems such as AXIS Actuarial Modeling Software.

• Preferred, but not required, experience with insurance reserve accounting standards (i.e. GAAP or LDTI).

Education & Experience

• 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.

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In Illinois/New York/California, the average base pay range for a Senior Actuarial Consultant is $134,500 to $190,500. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

I n 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 $72,000 to $141,000 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 utilizes AI-enabled technology during the recruiting process. For more information, please visit our  careers page .

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact  [email protected]