Actuarial Analyst - 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

• Create and maintain profitability analyses and reviews
• Analyze 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
• Leverage Tableau reporting to assist underwriters and recommend pricing adjustments
• Familiarity with simulation modeling
• 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
• Provide input into process improvement
• 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
• Sound technical competency (actuarial concepts/theory and PC skills)
• Ability to work effectively and efficiently both independently and in a group
• A willingness to learn and the ability to work in a dynamic environment

Requirements:

• Bachelor’s degree in business, mathematics, finance, or statistics from an accredited college or university
• At least 1 year of actuarial experience
• Successful completion of at least 2 preliminary actuarial examinations
• Strong Excel, Access, and some programming skills (SQL, SAS, VBA)
• Will abide by departmental policies and procedures, including authority levels, to comply with C&F’s risk management controls

What C&F will bring to you

We value inclusivity and diversity. 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 accommodation, please let us know.

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 $53,200.00 to a maximum of $100,000.00. 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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