Director - Actuarial

West Bend Insurance Company•West Bend, WI

7d•Hybrid

About The Position

Lead the actuarial department in developing and implementing pricing strategies, loss reserving methodologies, and risk management frameworks. Work Location 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.

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.