Director - Actuarial

Actuarial Department Leader

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

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.

Summary of 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.

Preferred Experience and Skills:

• 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.

Preferred Education and Training:

• 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.

Salary range for this position is $200,000-$250,000. The actual base pay offered to the successful candidate will be based on multiple factors, including but not limited to job-related knowledge/skills, experience, business needs, geographical location, and internal equity. Compensation decisions are made by West Bend and are dependent upon the facts and circumstances of each position and candidate.

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.

West Bend provides equal employment opportunities to all associates and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, and promotion.