VP, Underwriting & Operations

Crum & Forster; Eatontown (NJ); On-site; USD 130,000 - 246,000; Full time

Job summary

An established industry player is seeking an experienced individual to support their Accident & Health team. This pivotal role focuses on driving underwriting excellence and operational efficiencies while mentoring underwriters. The ideal candidate will bring a strong background in underwriting and reinsurance, collaborating with various internal stakeholders to optimize business processes. The company values inclusivity and offers a dynamic work environment, making it an exciting opportunity for those looking to make a significant impact in the insurance sector.

Benefits

Flexible work arrangements

Competitive compensation package

Generous 401K employer match

Employee Stock Purchase plan

Generous Paid Time Off

Wellness programs

Tuition reimbursement

Professional training

Volunteer opportunities

Matching donation program

Qualifications

• 15+ years of experience in A&H underwriting with proven leadership.
• In-depth knowledge of reinsurance and contract review processes.

Responsibilities

• Support A&H team leaders in underwriting goals and profitability.
• Mentor underwriters and guide on reinsurance strategies.
• Collaborate with stakeholders to enhance underwriting efficiency.

Skills

Analytical Skills

Problem-Solving Skills

Communication Skills

Interpersonal Skills

Leadership Skills

Strategic Thinking

Education

Bachelor's degree in Business

Bachelor's degree in Finance

Job description

Crum & Forster Company Overview

Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.

Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the 2024 Great Place to Work Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.

C&F is part of Fairfax Financial Holdings, a global, billion dollar organization. For more information about Crum & Forster, please visit our website: www.cfins.com.

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.

The A&H Specialty Business Unit takes a forward-thinking, flexible approach to solutions that span a robust slate of products tailored to needs in Special Risk, International Travel Medical, retail and wholesale Travel, and Occupational Risk. At year-end 2024, the SBU recorded $982M in gross premium written.

Job Description

Information about the Role, Line of Business and Team:

We are seeking a dynamic and experienced multi-faceted individual to support our Accident & Health SBU team leaders. This role is pivotal in driving underwriting excellence, profitability and operational efficiencies while providing mentorship and guidance to SBU underwriters. The ideal candidate will have a strong background in underwriting, reinsurance, and contract negotiation. This individual will work across all SBU products with underwriters and other internal stakeholders including actuarial, business development, claims and IT to support existing and new business. In addition, this individual will work with existing and new clients to onboard new business and support existing business.

What you will do:

• Support A&H team leaders in achieving underwriting goals and maintaining profitability
• Analyze and monitor underwriting performance to ensure alignment with company profitability targets
• Mentor and develop underwriters, providing guidance on reinsurance strategies and best practices
• Review and assess reinsurance arrangements to optimize risk management and financial outcomes
• Assist underwriters in the contract review process, ensuring compliance with company standards and regulatory requirements
• Collaborate with senior management to develop and implement strategic initiatives for the A&H division
• Build and maintain strong relationships with internal and external stakeholders, including reinsurers, brokers, MGU’s, etc.
• Identify opportunities for process improvements and implement best practices to enhance underwriting efficiency and effectiveness
• Other duties as assigned

What YOU will bring to C&F:

• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Ability to mentor and develop a high-performing team
• Strategic thinker with the ability to drive change and innovation

Requirements:

• Bachelor's degree in Business, Finance, or a related field
• Minimum of 15 years of experience in A&H underwriting, with a proven track record of leadership and profitability management
• In-depth knowledge of reinsurance and contract review processes

What C&F will bring to you

At C&F you will BELONG

We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodation, please let us know.

For California Residents Only: Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies, visit our privacy policy for more information.

Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $130,700 to a maximum of $245,900. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee’s contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.

• Flexible work arrangements.
• 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 Wellness programs focus on your family’s complete wellness, including your physical and mental wellbeing.
• A core C&F principle is that you manage your career. To support your development, we have a wealth of ways for you to keep learning, including tuition reimbursement, industry related certifications and professional training available to you.
• A dynamic, ambitious, fun and exciting work environment.
• A spirit of social responsibility, matching donation program, volunteer opportunities, and an employee driven corporate giving.

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