Senior Actuary, Employer Stop Loss

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:

• Experience Analysis
  • Design and create profitability analyses and reviews
  • Analyze stop loss 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
• 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

Qualifications

• Strong interpersonal and communication (oral and written) skills
• Flexible and open to an ever-changing, fast-paced environment
• Ability to work effectively and efficiently both independently and in a group
• Strong research, decision-making, and analytical skills
• Meticulous with a high degree of accuracy and ability to multitask

Requirements

• Bachelor’s degree or equivalent and 10+ years of relevant experience required
• At least 7+ years of Actuarial experience preferred
• At least 5+ years of Employer Stop Loss experience at a carrier or reinsurer preferred
• Minimum of an Associate of the Society of Actuaries (ASA)
• Strong Microsoft Office skills, particularly Excel, Access, and some programming skills (SQL, SAS, VBA)
• Must abide by departmental policies and procedures, including authority levels
• Ability to travel (10%-20%)

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
• Opportunities for career development, including tuition reimbursement and professional training
• A dynamic, ambitious, fun and exciting work environment
• Encouragement of social and community responsibility through various programs