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

Crum & Forster Company Overview

Since 2000, Crum & Forster’s Accident & Health division (A&H) has offered a diverse portfolio of specialty insurance and reinsurance products nationwide. We place a strong focus on product development and creative distribution methods, along with excellent client service and support.

 

In addition to our robust domestic portfolio, which spans both special risk and medical solutions, A&H works on an international basis through various partnerships. Our global capabilities provide our partners with even broader flexibility in underwriting solutions.

 

The qualities and capabilities of Crum & Forster Accident & Health demonstrate our philosophy of building meaningful, long-term partnerships and our dedication to providing alternative strategies in an ever-changing insurance market.

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 accredit