Reserving Actuary

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.

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.

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.

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.

We are seeking a skilled and detail-oriented Property and Casualty Reserving Actuary to join our team. The ideal candidate will possess strong analytical and problem-solving skills, along with a solid understanding of actuarial principles and practices related to property and casualty insurance. This role is essential in ensuring the accuracy of reserve estimation and overall reserve management.

Key Responsibilities:

Estimate reserves for outstanding and incurred but not reported (IBNR) claims.

• Analyze data to support reserve calculations and identify emerging trends.

• Evaluate risk and provide recommendations for reserve adjustments.

• Prepare detailed reports outlining reserve estimates, assumptions, and methodologies.

• Ensure compliance with applicable regulations and actuarial standards.

• Collaborate closely with underwriting, claims, finance, and other departments.

• Develop and enhance actuarial models for reserve calculations.

• Monitor and review reserve levels to ensure adequacy and consistency.

• Clearly communicate reserve changes and insights to key stakeholders.

Qualifications:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.

• ACAS or FCAS actuarial designation required.

• Experience with property and casualty reserving preferred.

• Proficiency in actuarial tools and software, including Excel, SAS, R, and/or Python.

• Strong attention to detail and a high degree of accuracy.

• Effective team player with excellent communication skills.

• Demonstrated adaptability and a proactive approach to problem-solving.

• Commitment to high ethical standards and maintaining confidentiality.

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.

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.