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. Approaching $4 billion in written premium as of 2021, C&F enjoys a financial strength rating of "A" (Excellent) by A.M. Best. C&F is proud of its superior customer service platform and its claims and risk engineering services are recognized as among the best in the industry. Our most valuable asset is our people - 3000 employees, and growing, in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning workplace and wellness awards. C&F is part of Fairfax Financial Holdings, a global organization with $23.8 billion in revenue as of 2021. For more information about Crum & Forster, please visit our website: http://www.cfins.com.

Job Description

Crum & Fortser is currently seeking an Actuary to join our Accident & Health division. This person will be responsible for being the lead actuary supporting our Medical Business Unit, which writes products including employer stop loss, managed care & provider excess, short term medical, fixed indemnity, criticalness, Medicare Supplement, and other ancillary products. 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
• 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
• Work with existing programs to gather appropriate data for analysis
• Perform ad-hoc analyses as directed
• Maintain and update existing experience analysis tools and models

Pricing and Reserving

• Assist in developing rating plans for all products
• 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 tools for underwriters
• Assist in the preparation of monthly reserve reviews
• Prepare recommendations for reserve changes

Financial Reporting

• Maintain and improve financial monitoring tools and analyses
• Communicate monthly financial reports to underwriters and senior staff
• Assist in development of annual budget
• Rectify reconciliation projects

Communication

• Strong ability to communicate effectively and professionally with internal and external clients
• Informs manager of status and problems within assigned area of responsibility
• Refer matters beyond limits of authority and expertise to manage for direction
• Performs duties in a timely and efficient manner
• Ability to manage multiple projects simultaneously while meeting deadlines
• Work closely with business unit leaders to support all actuarial aspects

What you will bring to C&F:

• At least 5 years of actuarial experience in the insurance/reinsurance market
• Minimum of an Associate of the Society of Actuaries
• Strong interpersonal and communication (oral and written) skills
• Strong Excel, Access, and some programming skills (SQL, SAS, VBA)
• Demonstrate sound technical competency (actuarial concepts/theory and PC skills)
• Ability to work effectively and efficiently both independently and in a group
• Will abide by departmental policies and procedures, including authority levels, to comply with C&F’s risk management controls

#LI-RO

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

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.