Sr. Pricing Actuary

West Bend Mutual Insurance Company; United States; On-site; USD 100,000 - 130,000; Full time

Job summary

A leading company in the insurance sector is seeking a Senior Reserving Actuary to lead actuarial analyses and collaborate with various departments to optimize business performance. The role offers both remote and hybrid work options, with a focus on data-driven decision-making and regulatory compliance. Candidates should have extensive experience in the property/casualty insurance industry and possess strong analytical and leadership skills.

Benefits

Medical & Prescription Insurance

Health Savings Account

Dental Insurance

Vision Insurance

Short and Long Term Disability

Flexible Spending Accounts

Life and Accidental Death & Disability

401(k) Plan with Company Match

Paid Time Off

Bonus eligible based on performance

Qualifications

• 10 years of actuarial experience in the property/casualty insurance industry.
• Understanding of data structures & queries.
• Ability to mentor and develop others.

Responsibilities

• Lead actuarial analyses, pricing strategies, reserving, and predictive modeling.
• Collaborate with underwriting, finance, claims, and senior leadership.
• Develop pricing models and perform reserve adequacy analyses.

Skills

Leadership skills

Advanced analytical skills

Interpersonal skills

Oral and written communication skills

Negotiation skills

Education

Bachelor's degree in Mathematics, Actuarial Science, or related field

Fellow of the Casualty Actuarial Society

Job description

Sr. Reserving Actuary

Job Locations

US-Remote

ID

2025-3247

Category

Actuarial

Full-Time

Remote/Hybrid

Remote

Company Overview

Recognized as aMilwaukee Journal SentinelTop Workplace for 14 consecutive years, including three years of being honored as number one! Join us at West Bend, where we believe that our associates are our greatest asset. We hire talented individuals who are conscientious, dedicated, customer focused, and able to build lasting relationships. We create and maintain an environment where you feel a sense of belonging and appreciation. Your diversity of thought, experience, and knowledge are valued. We're committed to fostering a welcoming culture, offering you opportunities for meaningful work and professional growth. More than a workplace, we celebrate our successes and take pride in serving our communities.

Job Summary

Lead actuarial analyses, pricing strategies, reserving, reinsurance and predictive modeling efforts to drive data-driven decision-making. The Actuary will collaborate with underwriting, finance, claims, and senior leadership to optimize business performance and ensure regulatory compliance.

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 work a hybrid schedule (at least 3 days/week). 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.

EEO

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.