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 Financial Services Group of Crum & Forster (C&F) is looking for a IFRS 17 Risk Integrity Specialist, with some exposure to accounting and the insurance industry, to join the IFRS 17 Reporting Group. The candidate will be a key team member of a group specializing on the new accounting standard - IFRS 17 Insurance Contracts. The individual will be responsible for Risk Integrity, a cloud-based software for IFRS 17 calculation as well as Risk Integrity User Interface (“RIUI”). The candidate will collaborate closely with key stakeholders and subject matter experts to ensure the completeness and accuracy of IFRS 17 reporting based on the instructions received from Fairfax Financial Holdings Limited, our parent company (“FFH”). The Risk Integrity Specialist should be proactive, a quick learner, a team player, be able to handle a fast-paced environment, take responsibility for work and have excellent verbal and written communication skills.
LOCATION: Morristown New Jersey or Remote; we currently have a flexible office/remote working arrangement. Some work in the office is anticipated.
What you will do:
We are seeking a highly skilled IFRS 17 Risk Integrity Specialist to join our team. The successful candidate will play a crucial role in ensuring the integrity and accuracy of financial reporting under the IFRS 17 framework.
Key Responsibilities:
- Responsible for Moody’s Risk Integrity and RIUI (“Risk Integrity User Interface”) including the completeness and accuracy of inputs/output files.
- Take ownership of projects as assigned to meet senior management requirements.
- Run Risk Integrity during the quarter close in a timely manner and trouble shoot any Risk Integrity issues that arise in a timely manner.
- Accountable for Risk Integrity input files, including source data, Data Dictionary (e.g. terminologies, variables, runs), as well as Risk and Issue Logs and Defect Logs.
- Knowledgeable in utilizing Risk Integrity for various valuation models, such as the Premium Allocation Approach and the General Measurement Model.
- Keep current with Risk Integrity version upgrades and monthly patches by participating in Moody’s Risk Integrity training and reviewing release documents.
- Conduct regression testing as needed and document the outcomes. Collaborate with the Finance IT team to implement necessary changes to RIUI and API to align with version updates.
- Collaborate with the Fairfax Project Manager, and perform regression testing as needed.
- Evaluate design of automated controls in accordance with the Sarbanes-Oxley Act of 2002.
- Collaborate with cross-functional teams, including finance, actuarial, and IT to ensure accounting treatment is being adhered to for all accounting guidelines within the IFRS 17 standard, as well as instructions given by FFH. Participate in initiatives to enhance processes and identify areas of improvement to promote efficiency and accuracy.
- Working with IT teams to integrate Risk Integrity with other financial systems and tools for streamlined operations.
What you will bring to C&F:
Organizational:
- Detail oriented.
- Strong analytical and problem-solving skills.
- Ability to organize and prioritize work and follow up on issues.
- Ability to take ownership of work product.
Technological Requirements:
- Intermediate skills in Excel, Word and Outlook (VLOOKUP, Pivot Table, Power BI, SUMIF preferred).
- Some exposure and knowledge of general ledger software is a plus.
- Some exposure and knowledge of SQL is a plus.
- Some exposure and knowledge of Python is a plus.
Interpersonal and Communication:
- Ability to work collaboratively across the organization and with external stakeholders.
- Ability to work independently and as part of a team.
- Ability to multitask and work in a fast-paced, dynamic and changing environment.
- Strong interpersonal and verbal/written communication skills.
- Track-record of professionalism and integrity.
Education/Experience:
- Strong Property and Casualty Insurance Knowledge is preferred.
- Professional certification and insurance designations is preferred.
- Bachelor's degree in finance, accounting, actuarial science, data science or a related field.
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 $65,000.00 to a maximum of $90,000.00. 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.
#J-18808-Ljbffr
