SVP & Senior Actuarial Officer - Pricing

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.

Senior Actuarial officer position responsible for overall strategic direction and general management of pricing strategy for all Commercial and Specialty product lines and segments, in accordance with the company’s strategic plans. Will play a significant role in Actuarial strategy/policy formulation and execution. Sets expectations and drives actions to address business needs by ensuring rate competitiveness, collaborates with reserving to establish appropriate reserve adequacy, and partners with portfolio management to identify actions to optimize profitability.

Establishes and promotes a pricing actuarial function that is influential and proactive in nature. Proactively communicates and collaborates with key business leaders on actuarial findings and business impact and establishes strong business partner relationships as a true trusted advisor. Champion the design, governance, and adoption of AI enabled actuarial capabilities that transform the Actuarial function while preserving actuarial judgement and regulatory compliance.

• Partners closely with senior management to develop strategic and operational plans that have a substantial impact on the short-term success of pricing strategy for major product lines and segments, and has an impact on the long-term success of the company.
• Communicates and collaborates with Underwriting Presidents and all Senior Underwriting Managers as a trusted advisor to identify opportunities for growth as well as identify portfolios in need of strategic change.
• Maintains a strong understanding of external market dynamics and viable execution levers across the individual business areas in which CNA operates in order to provide actionable recommendations.
• Creates a culture of collaboration that leverages and contextualizes cross-functional external data and analyses to inform actuarial work product.
• Partners closely with Reinsurance, Underwriting, Finance, and Actuarial to analyze reinsurance options and strategies to optimize reinsurance usage and maximize operating income while balancing risk and aggregation.
• Partners closely and collaboratively with Portfolio Management and Underwriting as well as Enterprise Risk Management, and Finance to establish appropriate underwriting profitability targets and strategies that vary by product, program, and geography to reflect capital needs. Provides impact quantification of strategic paths when appropriate to help inform strategy.
• Leads and directs actuarial staff with full management accountability, with an emphasis on talent management, development, and succession planning.
• Utilizes Data and Analytics to seek continuous improvement and modernization; embrace and advance the use of AI in order to transform the manner in which pricing actuaries work and engage.
• Proactively monitors profitability of all product lines and segments to ensure present and future pricing strategies achieve short-term growth and profitability objectives. Partners with Portfolio Management, Actuarial Reserving, Claims, Underwriting, Finance, ERM, and other internal departments to exchange data and analyses of key performance and financial indicators.
• Develops pricing and rate review strategies for all product lines and segments to ensure the achievement of continued profitability and/or growth objectives. Includes setting standards for frequency and scope of reviews, in coordination with Underwriting, and incorporation of results into business actions.
• Identifies and responds to emerging issues in the insurance, regulatory or legal climates. Partners with appropriate leadership to determine courses of action and develops and executes plans to meet objectives.
• Fosters an organizational culture that inspires ownership, innovation, collaboration, and strong business partner relationships.
• Reviews, modifies and creates a series of consistent…