Senior Actuary, Employer Stop Loss

This is a fully remote position, open to applicants in New Jersey.

📋 Description

• Design and develop analyses and reviews focused on profitability.

• Evaluate stop loss program performance and formulate suitable corrective measures.

• Generate analyses for underwriters and senior management to support both new and existing programs.

• Aid in the due diligence process for potential new programs.

• Collaborate with underwriting to prepare experience ratings and provide actuarial insights on risk selection.

• Work with current programs to collect relevant data for analysis.

• Update and maintain current experience analysis tools and models.

• Contribute to the development of rating plans for all product offerings.

• Create rating support documents and memorandums for submission to the state Department of Insurance.

• Oversee and address filing objections.

• Possess knowledge of state regulations and requirements related to rate filings.

• Analyze and assess industry stop loss manuals.

• Create underwriting guidelines, including credibility tables, completion factors, and experience rating.

• Develop rating tools to assist underwriters.

• Help prepare monthly reserve reviews.

• Formulate recommendations for changes to reserves.

• Exhibit strong communication skills to engage effectively with both internal and external clients.

• Keep the manager informed regarding the status and issues within the assigned area of responsibility.

• Escalate matters beyond the scope of authority and expertise to management for guidance.

• Execute tasks efficiently and within deadlines.

• Manage multiple projects concurrently while ensuring timely completion.

• Collaborate closely with business unit leaders to support all actuarial functions.

⛳️ Requirements

• A Bachelor’s degree or equivalent along with 10+ years of relevant experience is required.

• Preference for at least 7+ years of experience in the actuarial field.

• Ideally, at least 5+ years of experience in Employer Stop Loss at a carrier or reinsurer is preferred.

• A minimum of an Associate of the Society of Actuaries (ASA) designation is necessary.

• Proficiency in Microsoft Office, especially Excel and Access, along with some programming skills (SQL, SAS, VBA) is essential.

• Must adhere to departmental policies and procedures, including authority levels, to comply with C&F’s risk management standards.

• Willingness to travel (10%-20%) is required.

🏝️ Benefits

• Competitive compensation package.

• Generous employer match on 401K contributions.

• Employee Stock Purchase Plan with employer matching available.

• Ample Paid Time Off provisions.

• Comprehensive benefits that extend beyond health, dental, and vision, focusing on overall family wellness including physical, mental, and financial wellbeing.

• A core principle at C&F is taking charge of your career development; thus, we offer numerous opportunities for continuous learning, including tuition reimbursement, industry-related certifications, and professional training to help you advance in your chosen field.

• A vibrant, ambitious, and enjoyable work atmosphere.

• Matching donation program, volunteer opportunities, and an employee-driven corporate giving initiative that allows you to engage and support your community.