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

Crum & Forster

$142K — $268K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a relevant field or equivalent experience
  • Fellow of the Society of Actuaries (FSA) certification
  • 15+ years of actuarial experience
  • 3+ years of prior people management experience
  • Strong proficiency in Microsoft Office, particularly Excel and Access, along with programming skills like SQL, SAS, or VBA

Responsibilities

  • Lead process improvement initiatives and leverage technology solutions
  • Collaborate with business leaders to support actuarial functions
  • Set mid to long-term strategy in conjunction with the Chief Actuary
  • Guide the team’s performance using metrics and provide feedback
  • Mentor team members in their personal and professional development
  • Conduct profitability analyses and develop corrective actions
  • Prepare rating support for state Department of Insurance submissions

Benefits

  • Generous 401K employer match
  • Employee Stock Purchase plan with employer matching
  • Generous Paid Time Off
  • Comprehensive wellness programs for physical, mental, and financial wellbeing
  • Tuition reimbursement and professional training opportunities
  • Dynamic and exciting work environment
  • Programs for community involvement and corporate giving
Full Job Description
Job Description

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:

Leadership
  • 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.

Experience Analysis
  • 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

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 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

What YOU will bring to C&F:
  • 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

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%)


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

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#LI-REMOTE

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