VP & Actuary

Role 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
  • 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

Qualifications

• 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%)

Benefits

• 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
• A core C&F tenet is owning your career development, providing a wealth of ways for you to keep learning
• A dynamic, ambitious, fun and exciting work environment
• Encouragement of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program