West Bend Mutual Insurance

Senior Actuary

West Bend Mutual Insurance$110K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of actuarial experience in property/casualty insurance
  • Fellow of the Casualty Actuarial Society
  • Strong understanding of data structures and queries
  • Excellent oral and written communication skills
  • Advanced analytical and negotiation skills
  • Demonstrated leadership and mentorship capabilities

Responsibilities

  • Lead actuarial analyses and pricing strategies
  • Collaborate with underwriting, finance, and claims teams
  • Develop pricing models and loss cost projections
  • Perform reserve adequacy and trend analysis
  • Utilize advanced actuarial techniques to enhance risk assessment
  • Ensure compliance with actuarial standards and regulatory requirements
  • Mentor junior actuaries and contribute to team development

Benefits

  • Comprehensive medical and prescription insurance
  • Health Savings Account
  • Dental and vision insurance
  • Short and long term disability coverage
  • Flexible Spending Accounts
  • Life and accidental death insurance
  • Accident and critical illness insurance
  • Employee Assistance Program
  • 401(k) plan with company match
  • Pet insurance
  • Paid Time Off starting at 17 days with potential for enhancement
  • Performance-based bonus eligibility
Full Job Description
Job Summary

The internal deadline to apply is xx/xx/xxxx. External applications will be accepted on a rolling basis while the position remains open.

Work Location

Office

This position is an in-office role located in West Bend, Madison or Appleton, WI. No remote opportunities for this position are available at this time.

Hybrid

This position offers a hybrid work schedule. Candidates who are located within 50 miles of a West Bend office location will work a hybrid schedule for collaboration days, team meetings or other in-person events. The position can be based in West Bend, Madison or Appleton.

Remote

This is a fully remote/work from home role where you will spend xx% of your time in the field, servicing the xxxxxx territory. On occasion you may be asked to travel to an office location for in-person engagement activities such as team meetings, training and corporate events.

This is a fully remote/work from home role. On occasion you may be asked to travel to an office location for in-person engagement activities such as team meetings, training and corporate events.

Hybrid or Remote

This position offers both remote and hybrid work locations. Candidates who reside within 50 miles of an office location (West Bend, Madison, Appleton) will be offered a hybrid work schedule. Candidates who are fully remote (beyond 50 miles) may occasionally be asked to travel to an office location for in-person engagement activities such as team meetings, training and corporate events.

Responsibilities & Qualifications

Summary of Responsibilities

Lead actuarial analyses, pricing strategies, reserving, reinsurance and predictive modeling efforts to drive data-driven decision-making. The Senior Actuary will collaborate with underwriting, finance, claims, and senior leadership to optimize business performance and ensure regulatory compliance. Develop and refine pricing models, rate indications, and loss cost projections for P&C insurance products. Perform reserve adequacy analyses, including loss development, trend analysis, and financial projections to support statutory reporting. Utilize advanced actuarial techniques, including GLMs, machine learning, and data science methodologies, to enhance risk assessment and profitability. Ensure compliance with actuarial standards of practice, regulatory requirements, and filing obligations with state departments of insurance. Assess underwriting risk and loss trends to guide corporate strategy and portfolio management. Provide technical guidance, mentor junior actuaries, and contribute to professional development within the actuarial team.

Preferred Experience and Skills
  • 10 years of actuarial experience in the property/casualty insurance industry
  • Understanding of data structures & queries
  • Oral and written communication skills
  • Interpersonal skills
  • Advanced analytical skills
  • Negotiation skills
  • Leadership skills, with the ability to mentor and develop others


Preferred Education and Training
  • Bachelor's degree in Mathematics, Actuarial Science, or related field
  • Fellow of the Casualty Actuarial Society


Physical Demands

Light physical demand in an office setting with duties being performed while sitting or standing. Dexterity and vision required for use of computer.

Working Conditions

Normal office working conditions. The noise level in the work environment is usually quiet.

Benefits

West Bend offers a comprehensive benefit plan including but not limited to:

  • Medical & Prescription Insurance
  • Health Savings Account
  • Dental Insurance
  • Vision Insurance
  • Short and Long Term Disability
  • Flexible Spending Accounts
  • Life and Accidental Death & Disability
  • Accident and Critical Illness Insurance
  • Employee Assistance Program
  • 401(k) Plan with Company Match
  • Pet Insurance
  • Paid Time Off. Standard first year PTO is 17 days, pro-rated based on month of hire. Enhanced PTO may be available for experienced candidates
  • Bonus eligible based on performance
  • West Bend will comply with any applicable state and local laws regarding employee leave benefits, including, but not limited to providing time off pursuant to the Colorado Healthy Families and Workplaces Act for Colorado employees, in accordance with its plans and policies.


About West Bend Mutual Insurance

West Bend Mutual Insurance Company is a property and casualty insurance company headquartered in West Bend, Wisconsin. The company offers personal and commercial insurance products, including auto, home, business, and workers' compensation insurance. West Bend Mutual Insurance Company was founded in 1894 and has been providing insurance coverage for over 125 years. The company is committed to providing excellent customer service and has received numerous awards for its claims handling and customer satisfaction. West Bend Mutual Insurance Company is rated A (Excellent) by A.M. Best, a leading insurance rating agency.
Learn more about West Bend Mutual Insurance
Size
1,200 employees
Industry
Founded
1894

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