Crum & Forster (United States Fire Insurance Company)

Senior Alternative Risk Accountant - Eatontown, NJ or Remote

Job Locations US-NJ-EATONTOWN
Job ID
2025-4690
Category
Finance
Type
Regular
Division
A&H

Crum & Forster Company Overview

Since 2000, Crum & Forster’s Accident & Health division (A&H) has offered a diverse portfolio of specialty insurance and reinsurance products nationwide. We place a strong focus on product development and creative distribution methods, along with excellent client service and support.

 

In addition to our robust domestic portfolio, which spans both special risk and medical solutions, A&H works on an international basis through various partnerships. Our global capabilities provide our partners with even broader flexibility in underwriting solutions.

 

The qualities and capabilities of Crum & Forster Accident & Health demonstrate our philosophy of building meaningful, long-term partnerships and our dedication to providing alternative strategies in an ever-changing insurance market.

Job Description

Information about the Role and Team:

As a member of the Finance team, this position provides support for the oversight of all Captive and Fronting business.  This includes Captive Employer Stop Loss (ESL) business within the Medical Business Unit (MBU), Fronting within the Specialty Business Unit (SBU), our direct writer captive facility, and our reinsurance facility.  This position will coordinate amongst shared services and business units to ensure alignment on process, controls, risk appetite, and financial reporting.

Other responsibilities include onboarding new partners, preparing template bordereaux’s that can be leveraged across the business, managing collateral requirements, assessing credit risk, and ensuring proper financial accounting and reporting. Collaboration with colleagues is critical to achieving divisional goals.

 

What you will do:

  • Support the administration of our internal reinsurance captive facility to ensure all 3rd party cells are capitalized and collateralized sufficiently and in compliance with regulatory requirements at all times.
  • Monitor initial and ongoing collateral requirements to ensure C&F isn’t exposed at any one point, which includes performing a quarterly collateral analysis and executing annual confirmations.
  • Execute established workflows related to the sale of business all the way through reporting, accounting, and financial review, ensuring accuracy and timeliness.
  • Prepare, review, and reconcile fronting business cession statements to ensure accurate reporting of ceded premiums and claims.
  • Analyze collateralization, credit risk, deal construct, and financial health of partner and/or 3rd party reinsurer.
  • Organize and provide documentation for annual audits performed on our internal reinsurance and direct writer captive facilities.
  • Coordinate communication with key stakeholders to support a seamless review and sign-off process.

What YOU will bring to C&F:

  • Operational insurance and reinsurance experience
  • Knowledge of underwriting reporting and financial concepts, as well as accounting principles (e.g. IFRS & Statutory reporting)
  • Exhibits strong aptitude for coordinating across multiple shared service areas and business units
  • Possesses strong communication and analytical skills with a high level of accuracy
  • Excellent organizational and time management abilities with capacity to multi-task
  • Proven competence to work independently and manage multiple priorities effectively
  • Demonstrates strong presentation capabilities and a solutions and service orientation

Requirements:

  • Bachelor's degree in Accounting, Finance, or a related field from an Accredited institution required
  • 3+ years of experience working in an operational/financial role required 
  • Demonstrated experience with audit coordination and preparation of supporting schedules
  • Proficient with use of computers and Microsoft Office including Outlook, Word, Excel and PowerPoint
  • Travel may be required

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

 

If you require special accommodations, please let us know. 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 accommodations, please let us know. Belonging at C&F, is a mindset. It’s about fostering a culture of inclusion and connection, where everyone feels valued, heard, and empowered to thrive and where our social impact efforts help strengthen the communities where we live and work.

 

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 $50,600.00 to a maximum of $95,300.00. 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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