VP & Actuary - A&H - Eatontown, NJ or Remote

Crum & Forster • Eatontown, NJ

4d • $142,900 - $268,600 • Hybrid

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 from an accredited college or university or equivalent experience required
• At least 15+ years of Actuarial experience
• Fellow of the Society of Actuaries (FSA)
• 3+ years prior people management experience
• 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 (20-30%)

Nice To Haves

• Excellent interpersonal skills and the ability to communicate effectively and professionally
• 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 multitask

Responsibilities

• Leads process improvement and leverage technology solutions
• Ability to work collaboratively with business and shared service leaders to support all actuarial aspects.
• In conjunction with the Chief Actuary sets the mid to long term strategy for the broader Actuarial group and their assigned business units.
• Provide the leadership necessary to maintain a motivated, productive and competent team through open communication and delegation of responsibilities and authority. Including using performance metrics to track team performance and provide corrective action.
• Be a team leader and builder who has an eye for talent with the ability to maximize resources and capability to deliver business results.
• Demonstrate strong mentoring, relationship building, planning and organizational skills.
• Guide and direct team members in their personal and professional development.
• Drive performance excellence through goal-setting, quality feedback, and performance appraisals within the team (midyear and annual).
• Create a working environment where productivity can be sustained and accomplished, and where innovation and personal growth is encouraged and realized.
• Refer matters beyond limits of authority and expertise to manager for direction
• Drive and role model the A&H culture, values and C&F core competencies within their teams.
• Create and maintain profitability analyses and reviews for all product lines
• 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
• Perform ad-hoc analyses as directed
• Create, maintain and update existing experience analysis tools and models
• Develop rating support and memorandums for submission to state Department of Insurance
• Manage and respond to filing objections
• Analyze and review industry manuals
• Develop underwriting guidelines – credibility tables, completion factors, and experience rating
• Produce rating and portfolio management tools for underwriters
• Leverage internal dashboards to assist underwriters and recommend pricing adjustments
• Assist in the preparation of monthly reserve reviews
• Prepare recommendations for reserve changes

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: Executive