Senior Actuary, Employer Stop Loss - Eatontown, NJ or Remote

About this role

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.
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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…