VP & Actuary, 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.

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

• Create and maintain profitability analyses and reviews for employer stop loss business
• 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
• Perform ad-hoc analyses as directed
• Create, maintain and update existing experience analysis tools and models

Pricing and Reserving

• 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 and portfolio management tools for underwriters
• Leverage internal dashboards to assist underwriters and recommend pricing adjustments
• Assist in the preparation of monthly reserve reviews
• Prepare recommendations for reserve changes

Communication

• Strong ability to communicate effectively and professionally
• Informs manager of status and problems within assigned area of responsibility
• Provide input into process improvement
• Refer matters beyond limits of authority and expertise to manage for direction
• Perform duties in a timely and efficient manner
• Ability to manage multiple projects simultaneously while meeting deadlines
• Work closely with stop loss business 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 from an accredited college or university or equivalent experience required
• At least 15+ years of Actuarial experience
• At least 5+ years of Employer Stop Loss experience at a carrier or reinsurer
• Fellow of the Society of Actuaries (FSA) desired.
• Prior people management experience a plus
• 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 (20-30%)

• Competitive compensation package
• Generous 401K employer match
• Employee Stock Purchase plan with…