Director - Actuarial
West Bend Insurance Company•West Bend, WI
•$200,000 - $250,000•Hybrid
About The Position
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.
Requirements
- 10 years of actuarial experience, with at least 3-5 years in a leadership role.
- Technical knowledge of actuarial methods, pricing, reserving, and risk management in the insurance industry (property, casualty).
- Demonstrated success in leading and mentoring actuarial teams, with a focus on collaboration and innovation.
- Experience with actuarial software (e.g., SAS, Python, Databricks) and advanced proficiency in Excel, SQL, and data analytics tools.
- Communication and presentation skills, with the ability to translate complex actuarial concepts into actionable business insights.
- Analytical, problem-solving, and decision-making abilities.
- Familiarity with regulatory requirements and industry trends affecting the insurance sector.
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field; a Master’s degree is a plus.
- Fellow of the Casualty Actuarial Society (FCAS), or equivalent professional designation.
Responsibilities
- Lead the actuarial department in developing and implementing pricing strategies, loss reserving methodologies, and risk management frameworks.
- Collaborate with senior leadership to provide actuarial insights that align with the company’s business objectives and support growth, profitability, and sustainability.
- Develop and refine actuarial models to support product development, reinsurance structuring, and portfolio optimization.
- Oversee the pricing of new and existing insurance products, ensuring they are competitive while maintaining profitability.
- Work closely with product managers, underwriters, and finance teams to support the development of new insurance offerings by providing actuarial analysis and recommendations.
- Ensure pricing models are up to date and reflect current market trends, claims experience, and regulatory requirements.
- Oversee the establishment of accurate loss reserves, ensuring compliance with statutory and regulatory standards.
- Develop long-term financial forecasts, including projections of premium income, claims costs, and reserve requirements.
- Provide actuarial inputs to support quarterly and annual financial reporting, including statutory filings, solvency reporting, and other regulatory submissions.
- Lead, mentor, and develop a team of actuaries and analysts, fostering a culture of continuous learning and professional development.
- Conduct performance reviews, provide constructive feedback, and implement training programs to enhance the team’s technical and leadership skills.
- Promote collaboration within the actuarial team and across departments, ensuring a cohesive and aligned approach to achieving business goals.
Benefits
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Director
