VP & Actuary, Employer Stop Loss - Eatontown, NJ or Remote

Crum & Forster•Eatontown, NJ

15h•Remote

About The Position

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 for employer stop loss business 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 Perform ad-hoc analyses as directed Create, maintain and update existing experience analysis tools and models Pricing and Reserving 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 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 Communication Strong ability to communicate effectively and professionally 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 Perform duties in a timely and efficient manner Ability to manage multiple projects simultaneously while meeting deadlines Work closely with stop loss business leaders to support all actuarial aspects What YOU will bring to C&F: Strong interpersonal and communication (oral and written) skills 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

Requirements

Bachelor’s degree from an accredited college or university or equivalent experience required
At least 15+ years of Actuarial experience
At least 5+ years of Employer Stop Loss experience at a carrier or reinsurer
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

Fellow of the Society of Actuaries (FSA) desired.
Prior people management experience a plus
Strong interpersonal and communication (oral and written) skills
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

Create and maintain profitability analyses and reviews for employer stop loss business
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
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
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 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
Strong ability to communicate effectively and professionally
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
Perform duties in a timely and efficient manner
Ability to manage multiple projects simultaneously while meeting deadlines
Work closely with stop loss business 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
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

Stand Out From the Crowd

Upload your resume and get instant feedback on how well it matches this job.

Upload and Match Resume