Manager, Enterprise Risk Management (Morristown, NJ/Hybrid

Location

Morristown, NJ | United States

Job description

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:

Manager, Enterprise Risk Management

The candidate will work with the Analytics department within the Enterprise Risk Management team to support all divisions of C&F with identifying, quantifying and managing their risks. The role will be responsible for continued development of ERM frameworks to ensure a consistent and thoughtful approach to risk vs. reward across the more than $5 billion of annual gross written premium at C&F.

What YOU will do:

• Identify, quantify, and manage risks to the organization; engage with a variety of specialist teams and divisional leadership to develop and implement risk management strategies
• Form partnerships and collaborate with business units to help develop and implement risk management frameworks and controls
• Support underwriting audit functions throughout the group
• Stress test insurance portfolios using probabilistic models and/or realistic disaster scenarios
• Assist in setting corporate tolerances around aggregations of exposures; monitor reporting of these metrics to ensure corporate tolerances are not breached
• Evaluate and validate new risk models across product lines
• Develop knowledge of C&F’s various business units and products
• Keep up to date with developing trends and emerging risks; evaluate potential impact of these risks to the organization

What YOU will bring to C&F:

• Require Bachelor’s degree in Risk Management/Insurance, Mathematics, Finance or related field or equivalent experiences
• 5-10 years of commercial insurance experience required
• Strong analytical, technical, and problem-solving skills
• Strong communication skills and ability to work cooperatively with others
• Highly proficient in Excel; Knowledge of SQL desired, but not necessary

• 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 tenant 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

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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 a special accommodation, please let us know.

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 $82,900.00 to a maximum of $138,100.00. 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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