Senior Actuary, Employer Stop Loss - Eatontown, NJ or Remote
Crum & Forster
Eatontown, NJ (In Person)
$151,750 Salary, Full-Time
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Job Description
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 toC&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 multitaskRequirements:
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-REMOTESimilar remote jobs
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