Since 2000, Crum & Forster’s Accident & Health division (A&H) has offered a diverse portfolio of specialty insurance and reinsurance products nationwide. We place a strong focus on product development and creative distribution methods, along with excellent client service and support.In addition to our robust domestic portfolio, which spans both special risk and medical solutions, A&H works on an international basis through various partnerships.Our global capabilities provide our partners with even broader flexibility in underwriting solutions.The qualities and capabilities of Crum & Forster Accident & Health demonstrate our philosophy of building meaningful, long-term partnerships and our dedication to providing alternative strategies in an ever-changing insurance market.Information about the Role, Line of Business and Team: The Actuarial department of the Crum & Forster Accident & Health division is looking for a multi-talented individual to join this fast paced, dynamic team. This position offers a unique opportunity to work in an entrepreneurial environment but with the benefits of a smaller organization and the security, stability, and opportunity of a large conglomerate. You will interact directly with all points from senior executives to customers, with visibility throughout the organization and a direct impact on the bottom line.What you will do:Experience AnalysisCreate and maintain profitability analyses and reviews for employer stop loss businessAnalyze stop loss program experience and develop appropriate corrective actionsCreate analyses for underwriters and senior management in support of new and existing programsAssist in the due diligence of potential new programsAssist underwriting in the preparation of experience rating and provide actuarial guidance on risk selectionPerform ad-hoc analyses as directedCreate, maintain and update existing experience analysis tools and modelsPricing and ReservingDevelop rating support and memorandums for submission to state Department of InsuranceManage and respond to filing objectionsFamiliarity with state regulations and requirements for rate filingsAnalyze and review industry stop loss manualsDevelop underwriting guidelines - credibility tables, completion factors, and experience ratingProduce rating and portfolio management tools for underwritersLeverage internal dashboards to assist underwriters and recommend pricing adjustmentsAssist in the preparation of monthly reserve reviewsPrepare recommendations for reserve changesCommunicationStrong ability to communicate effectively and professionallyInforms manager of status and problems within assigned area of responsibilityProvide input into process improvementRefer matters beyond limits of authority and expertise to manage for directionPerform duties in a timely and efficient mannerAbility to manage multiple projects simultaneously while meeting deadlinesWork closely with stop loss business leaders to support all actuarial aspectsWhat YOU will bring to C&F:Strong interpersonal and communication (oral and written) skillsFlexible and open to an ever-changing, fast-paced environment, based on the value of the business to the division and direction of managerAbility to work effectively and efficiently both independently and in a group in a dynamic environment.Strong research, decision-making, and analytical skillsMeticulous with a high degree of accuracy and ability to multitaskRequirements:Bachelor’s degree from an accredited college or university or equivalent experience requiredAt least 15+ years of Actuarial experienceAt least 5+ years of Employer Stop Loss experience at a carrier or reinsurerFellow of the Society of Actuaries (FSA) desired.Prior people management experience a plusStrong Microsoft Office, particularly Excel, Access, and some programming skills (SQL, SAS, VBA)Must abide by departmental policies and procedures, including authority levels, to comply with C&F’s risk management controlsAbility to travel (20-30%)Competitive compensation packageGenerous 401K employer matchEmployee Stock Purchase plan with employer matchingGenerous Paid Time OffExcellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeingA core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen pathA dynamic, ambitious, fun and exciting work environmentWe believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program that lets you participate and support your community At C&F you will BELONGIf you require special accommodations, please let us know. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodations, please let us know. Belonging at C&F, is a mindset. It’s about fostering a culture of inclusion and connection, where everyone feels valued, heard, and empowered to thrive and where our social impact efforts help strengthen the communities where we live and work. For California Residents Only: Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies, visit https://www.cfins.com/onlineprivacypolicy/ca/noticeatcollection/ for more information. Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $142,900.00 to a maximum of $268,600.00. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee’s contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs. #LI-BS1#LI-REMOTE
Job Title
VP & Actuary, Employer Stop Loss - Eatontown, NJ or Remote