Senior Actuary, Employer Stop Loss - Eatontown, NJ or Remote
Crum & Forster Company Overview
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.
Job Description
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 Analysis
Design and create profitability analyses and reviews
Analyze stop loss program experience and develop appropriate corrective actions
Create analyses for underwriters and senior management in support of new and existing programs
Assist in the due diligence of potential new programs
Assist underwriting in the preparation of experience rating and provide actuarial guidance on risk selection
Work with existing programs to gather appropriate data for analysis
Perform ad-hoc analyses as directed
Maintain and update existing experience analysis tools and models
Pricing and Reserving
Assist in developing rating plans for all products
Develop rating support and memorandums for submission to state Department of Insurance
Manage and respond to filing objections
Familiarity with state regulations and requirements for rate filings
Analyze and review industry stop loss manuals
Develop underwriting guidelines – credibility tables, completion factors, and experience rating
Produce rating tools for underwriters
Assist in the preparation of monthly reserve reviews
Prepare recommendations for reserve changes
Communication
Strong ability to communicate effectively and professionally with internal and external clients
Informs manager of status and problems within assigned area of responsibility
Refer matters beyond limits of authority and expertise to manage for direction
Performs duties in a timely and efficient manner
Ability to manage multiple projects simultaneously while meeting deadlines
Work closely with business unit leaders to support all actuarial aspects
What YOU will bring to C&F:
Strong interpersonal and communication (oral and written) skills
Flexible and open to an ever-changing, fast-paced environment, based on the value of the business to the division and direction of manager
Ability to work effectively and efficiently both independently and in a group in a dynamic environment.
Strong research, decision-making, and analytical skills
Meticulous with a high degree of accuracy and ability to multitask
Requirements:
Bachelor’s degree or equivalent and 10+ years of relevant experience required.
At least 7+ years of Actuarial experience preferred
At least 5+ years of Employer Stop Loss experience at a carrier or reinsurer preferred
Minimum of an Associate of the Society of Actuaries (ASA)
Strong 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 controls
Ability to travel (10%-20%)
What C&F will bring to you
Competitive compensation package
Generous 401K employer match
Employee Stock Purchase plan with employer matching
Generous Paid Time Off
Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeing
A 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 path
A dynamic, ambitious, fun and exciting work environment
We 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 BELONG
If 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 $105,400.00 to a maximum of $198,100.00. 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.
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#LI-REMOTE
Apply To This Job
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.
Job Description
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 Analysis
Design and create profitability analyses and reviews
Analyze stop loss program experience and develop appropriate corrective actions
Create analyses for underwriters and senior management in support of new and existing programs
Assist in the due diligence of potential new programs
Assist underwriting in the preparation of experience rating and provide actuarial guidance on risk selection
Work with existing programs to gather appropriate data for analysis
Perform ad-hoc analyses as directed
Maintain and update existing experience analysis tools and models
Pricing and Reserving
Assist in developing rating plans for all products
Develop rating support and memorandums for submission to state Department of Insurance
Manage and respond to filing objections
Familiarity with state regulations and requirements for rate filings
Analyze and review industry stop loss manuals
Develop underwriting guidelines – credibility tables, completion factors, and experience rating
Produce rating tools for underwriters
Assist in the preparation of monthly reserve reviews
Prepare recommendations for reserve changes
Communication
Strong ability to communicate effectively and professionally with internal and external clients
Informs manager of status and problems within assigned area of responsibility
Refer matters beyond limits of authority and expertise to manage for direction
Performs duties in a timely and efficient manner
Ability to manage multiple projects simultaneously while meeting deadlines
Work closely with business unit leaders to support all actuarial aspects
What YOU will bring to C&F:
Strong interpersonal and communication (oral and written) skills
Flexible and open to an ever-changing, fast-paced environment, based on the value of the business to the division and direction of manager
Ability to work effectively and efficiently both independently and in a group in a dynamic environment.
Strong research, decision-making, and analytical skills
Meticulous with a high degree of accuracy and ability to multitask
Requirements:
Bachelor’s degree or equivalent and 10+ years of relevant experience required.
At least 7+ years of Actuarial experience preferred
At least 5+ years of Employer Stop Loss experience at a carrier or reinsurer preferred
Minimum of an Associate of the Society of Actuaries (ASA)
Strong 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 controls
Ability to travel (10%-20%)
What C&F will bring to you
Competitive compensation package
Generous 401K employer match
Employee Stock Purchase plan with employer matching
Generous Paid Time Off
Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeing
A 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 path
A dynamic, ambitious, fun and exciting work environment
We 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 BELONG
If 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 $105,400.00 to a maximum of $198,100.00. 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
Apply To This Job