Compliance Analyst - Alternative Risk (Remote or Eatontown, NJ)

Crum & Forster Company Overview

Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.

Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the 2024 Great Place to Work® Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.

C&F is part of Fairfax Financial Holdings, a global, billion dollar organization.  For more information about Crum & Forster, please visit our website: www.cfins.com.

Job Description

Compliance Analyst, Alternative Risk

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 Compliance Analyst operates under the direction of the Compliance Director and is responsible for the maintenance and regulatory compliance of assigned P&C products offered by Crum & Forster A&H Division. Products include Alternative Risk: General Liability, Commercial Auto, Contingent Liability, Contractual Liability, and Professional Liability.

What you will do:

• Product Development – Draft product forms primarily for P&C and A&H products, if needed.
• File via SERFF, Product Forms, Rates, and Rate Rules (where required) and communicate with regulators to secure approval in the required jurisdictions.
• Communicate with state insurance departments and other regulatory agencies as required.
• Review advertising material including websites to ensure compliance with internal and state regulatory guidelines.
• Respond to routine compliance-related requests and inquiries from the various business areas.
• Research of compliance issues and provide responses to business areas.
• Assist in reviewing and assessing regulatory changes in state insurance department statutes, regulations, bulletins, etc. along with general industry trends to determine filing and regulatory requirements. Stay current on changes and developments that impact insurance design, development and filing requirements.
• Assist in research and communication of the compliance implications of new products and enhancements as well as other corporate strategic initiatives.
• Establish relationships with business units to foster teamwork.
• Participate in documenting procedure manuals and processes as needed.
• Review integrity of policy issue documents and facilitate resolution with inconsistencies in the information.
• Ensure Products Status Charts are up to date in real time for assigned products.
• Develop and maintain required statutory interest rate charts by state for P&C products.
• Conduct compliance audits as assigned by manager.
• Perform other related duties, including short or long-term projects, as assigned by Management.

What YOU will bring to C&F:

• Bachelor’s or equivalent experience required
• 3+ years of equivalent work experience in the insurance industry, with product filing experience, including drafting P&C coverage forms for commercial lines insurance.
• Working knowledge of P&C Alternative Risk type products offerings required.
• Knowledge of regulatory and compliance aspects of the insurance industry.
• Demonstrated knowledge of compliance laws and regulations.
• Solid judgment and discretion required to interpret and apply regulatory guidelines, company policies and procedures.
• Proficient in Microsoft Office software, including Microsoft Word, Outlook, and Excel
• Strong oral and written communication skills
• Excellent organizational and interpersonal skills
• Flexibility and an openness to an ever changing, fast paced environment
• Meticulous with a high degree of accuracy and ability to multitask.
• Strong research, decision-making, reporting and analytical skills.
• Ability to understand, synthesize and convey complex data.
• Ability to work independently, prioritize and organize own work to meet deadlines.

#LI-MS

#LI-REMOTE

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 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 accommodations, 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 $65,000 to a maximum of $95,300. 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.