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

Crum & Forster; United States; Remote; USD 140,000 - 230,000; Full time

Job summary

Crum & Forster invites an experienced Actuary Leader to join our Accident & Health division in the United States. You will guide pricing, reserving and analytics across domestic portfolios, partnering with underwriting and operations to optimize profitability and risk selection.

This role requires strategic thinking, process improvements, and the ability to lead a diverse team through change. You will mentor talent, develop robust analytics tools, and leverage dashboards to inform senior

Qualifications

• Proven leadership of actuarial teams.
• Strong collaboration with business units.
• Experience with pricing and reserving analyses.

Responsibilities

• Lead process improvement and leverage technology solutions.
• Oversee actuarial aspects with business and shared service leaders.
• Set mid-to-long term strategy for the broader Actuarial group and their assigned business units.
• Mentor and develop team members and manage performance.

Skills

Leadership

Team building

Mentoring

Communication

Education

Bachelor's in Actuarial Science

FSA designation

Tools

Actuarial software

Data dashboards

Job description

Crum & Forster Company Overview

Crum & Forster (C&F) provides market leading property & casualty, accident & health, specialty and standard commercial lines insurance solutions. A true underwriting company, we have a 200-year history of helping our customers manage risk with laser-focused expertise, integrity and discipline. Our people are empowered to make decisions and problem-solve with you smartly and swiftly. Our annual gross written premium is 6.2 billion. C&F enjoys a financial strength rating of "A+" (Superior) by AM Best.

Our most valuable asset is our people. We have 3000 employees, and locations throughout the United States and India. With our employee-first focus, the Company is consistently recognized as a great place to work, earning multiple workplace and wellness awards, including the Great Place to Work® Award, Fortune 100 Best Companies to Work For, Fortune Best Workplaces for Parents, Fortune Best Workplaces for Millennials, and many others.

C&F is part of Fairfax Financial Holdings. For more information about C&F, please visit our website: www.cfins.com

Job Description

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.

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 skill