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

Crum & Forster • Eatontown, NJ

3h • $105,400 - $198,100 • Remote

About The Position

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.

Requirements

• Bachelor’s degree or equivalent and 10+ years of relevant experience required.
• 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%)

Nice To Haves

• At least 7+ years of Actuarial experience preferred
• At least 5+ years of Employer Stop Loss experience at a carrier or reinsurer preferred
• Familiarity with state regulations and requirements for rate filings

Responsibilities

• 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
• 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
• 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
• 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
• Ability to manage multiple projects simultaneously while meeting deadlines
• Work closely with business unit leaders to support all actuarial aspects

Benefits

• 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
• Tuition reimbursement
• Industry-related certifications
• Professional training
• Matching donation program
• Volunteer opportunities
• Employee-driven corporate giving program

What This Job Offers

• Job Type: Full-time
• Career Level: Senior