Crum & Forster (United States Fire Insurance Company)

Associate Actuary - Morristown, NJ or Remote

Job Locations US-NJ-MORRISTOWN
Job ID
2024-4087
Category
Actuarial
Type
Regular
Division
Commercial & Executive

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

The Commercial & Executive Division is looking for an ambitious actuarial student to join our team!  This position provides an opportunity to work in an entrepreneurial environment with the benefits of a smaller organization (interacting directly with underwriters and underwriting leaders, your work impacts the bottom line, visibility throughout the organization), but the security, stability, and opportunity of a large conglomerate being a part of Fairfax, one of the largest P&C insurers in the United States. The role will be focused on the Commercial Lines business (Auto, GL, Property, WC, and Excess) working for the Middle Market Solutions group which focuses on Manufacturing, Wholesale, and Retail risks.  You would work closely with the larger Commercial & Executive actuarial team of 14 that share a weekly huddle, best practices and tools, and partner to solve business problems.

 

What YOU will do:

  • Perform profitability studies and monitor trends
  • Analyze book results to help identify outliers in performance and opportunities for growth
  • Develop, maintain, review, update, and enhance pricing tools
  • Become a technical expert and trusted advisor for underwriters/management, with significant contributions to large account pricing discussions
  • Review key performance indicators on a monthly/quarterly basis
  • Operate as an effective team member by supporting projects that support the broader actuarial team
  • Keep up-to-date on industry best practices, new initiatives, market trends, and changes in regulatory requirements
  • Support the centralized regulatory services group as needed for product initiatives and filings

 

What YOU will bring to C&F:

  • Strong critical thinking, problem solving, and a passion for P&C actuarial analytics
  • 3+ Years of experience, preferably focused on pricing
  • 3+ Actuarial exams
  • Strong interpersonal and communication skills, both verbal and written
  • Ability to work efficiently independently and in a group setting
  • Ability to manage time effectively, prioritize tasks, and consistently meet deadlines
  • Proficiency in MS Office products and at m a baseline familiarity with programming languages (R or SQL)
  • Compliance with all C&F policies and procedures

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 $74,900.00 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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