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

About the role

The Actuarial department of the Crum & Forster Accident & Health division is seeking a talented individual to join this dynamic team. This position offers a unique opportunity to work in an entrepreneurial environment while benefiting from the stability and resources of a larger organization.

Line of Business and Team

The Accident & Health division of Crum & Forster specializes in offering a diverse portfolio of specialty insurance and reinsurance products. Our global capabilities provide our partners with broad flexibility in underwriting solutions. The department is known for its commitment to building meaningful, long-term partnerships and providing innovative strategies in an evolving insurance market.

What You Will Do

• Experience Analysis
• 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
• Aid 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
• Develop rating plans for all products
• Develop rating support and memorandums for submission to state Department of Insurance
• Manage and respond to filing objections
• Analyze and review industry stop loss manuals
• Develop underwriting guidelines – credibility tables, completion factors, and experience rating
• Produce rating tools for underwriters
• Aid 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 manager for direction
• Performs duties in a timely and efficient manner
• Manages multiple projects simultaneously while meeting deadlines
• Works closely with business unit leaders to support all actuarial aspects

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 skills, 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%)

Crum & Forster 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
• Programs focused on your whole family’s wellness, including physical, mental, and financial wellbeing
• Tuition reimbursement, industry-related certifications, and professional training
• A dynamic, ambitious, fun, and exciting work environment
• A commitment to social and community responsibility, including a matching donation program and volunteer opportunities
• An employee-driven corporate giving program