Crum & Forster (United States Fire Insurance Company)

Associate Actuary - Remote/Hybrid(NY/NJ/PA preferred)

Job Locations US-NJ-MORRISTOWN
Job ID
2024-3969
Category
Actuarial
Type
Regular
Division
Surplus & Specialty

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 October 2023 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.

Job Description

Surplus and Specialty Lines Associate Actuary

 

Perform actuarial pricing and predictive analytic support to the Surplus & Specialty division within Crum & Forster. Work closely with profit center stakeholders and provide actuarial recommendations to help maintain the long-term profitability of the portfolio.

 

What you will do:

  • Perform annual profitability study: select actuarial assumptions, analyze the portfolio to come up with loss ratio projections, recommendations to improve & maintain the profitability of the portfolio, and communicate key findings to business units’ leaders and senior management.
  • Monitor the supported business units throughout the year and provide quarterly updates to business units leaders regarding new trend and progress made on the agreed action plans.
  • Develop and maintain CF proprietary predictive pricing models.
  • Become a technical expert and trusted advisor for underwriters/management, with involvement in large account pricing.
  • Provide ad hoc data and analysis to assist management as necessary relating to business opportunities as they arise.

What you will bring to C&F

  • B.S in mathematics or actuarial science
  • ACAS or near ACAS.
  • 5+ years of actuarial experience, pricing preferred.  
  • General knowledge of casualty lines pricing, experience in general liability, commercial auto and/or excess preferred.
  • Proficient in MS Office products, and Microsoft SQL or SQL related programming language.
  • Working knowledge of R, VBA and Snowflake is a plus.
  • Good communication skills and a go-getter personality.
  • Junior level candidates with good potential will also be considered.

 

 

What C&F will bring to you:

  • 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.

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.

 

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 https://www.cfins.com/onlineprivacypolicy/ca/noticeatcollection/ 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 $95,900.00 to a maximum of $140,700.00. 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.

 

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