3 Risk Integrity Specialist, Morristown, NJ/Hybrid/Remote Jobs in Morristown, NJ
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Risk Integrity Specialist, Morristown, NJ/Hybrid/Remote
$79k-103k (estimate)
Full Time | Insurance
4 Days Ago
Crum Forster is Hiring a Remote Risk Integrity Specialist, Morristown, NJ/Hybrid/Remote
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 DescriptionWe 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.
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 and 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 work 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
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 $61,900.00 to a maximum of $103,100.00. 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.
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 DescriptionWe 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.
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 and 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 work 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
- Responsible for Moody’s Risk Integrity and RIUI (“Risk Integrity User Interface”) including the completeness and accuracy of inputs/output files.
- Run Risk Integrity during the quarter close in a timely manner.
- Be proficient with Risk Integrity input files, terminologies, variables, and runs.
- Keep current with annual Risk Integrity version upgrade and monthly patch upgrades. Perform regression testing as needed and generate organized documentation.
- Trouble shoot Risk Integrity Issues that come across on the team.
- Participate in Moody’s Risk Integrity trainings, review the release documentation, and work with Finance IT team to reflect necessary changes.
- Maintain RIUI and Application Programming Interfaces (“API”).
- Be knowledgeable about the sources where the Risk Integrity Input data for Premium and Losses is derived from
- Be familiar with Risk Integrity Data Dictionary, Risk and Issue Logs and Defect Logs.
- Evaluate design of automated controls in accordance with the Sarbanes-Oxley Act of 2002.
- Read and understand IFRS 17 technical accounting papers provided by Fairfax.
- Work with Fairfax’s Project Manager to support Risk Integrity Version and Environment Upgrades.
- 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.
- Work with the Governance and compliance team to warrant user access controls for Risk Integrity and RIUI.
- 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.
- Ability to work and communicate well with other staff and functional departments within the organization.
- Ability to multitask and work in a fast-paced, dynamic and changing environment.
- Ability to work collaboratively across the organization and with external stakeholders.
- Strong interpersonal and verbal/written communication skills.
- Ability to work independently and as part of a team
- Track-record of professionalism and integrity.
- Ability to organize and prioritize work and follow up on issues.
- Ability to take ownership of work product.
- Detail oriented
- Strong analytical and problem-solving skills.
- Strong Property and Casualty Insurance Knowledge is preferred
- Professional certification and insurance designations is preferred.
- Bachelor's degree in finance, accounting, actuarial/data science, or a related field.
- 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
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 $61,900.00 to a maximum of $103,100.00. 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.
Job Summary
JOB TYPE
Full Time
INDUSTRY
Insurance
SALARY
$79k-103k (estimate)
POST DATE
06/23/2024
EXPIRATION DATE
07/21/2024
WEBSITE
cfins.com
HEADQUARTERS
RICHARDSON, TX
SIZE
1,000 - 3,000
FOUNDED
1822
TYPE
Private
CEO
KRISTEN DUFFY
REVENUE
$1B - $3B
INDUSTRY
Insurance
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