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Associate Actuary

West Bend Insurance Company

West Bend Insurance Company

West Bend, WI, USA
Posted on Aug 24, 2024

Associate Actuary

Job Locations US-WI-West Bend
ID 2024-2354
Category
Actuarial
Full-Time
Remote/Hybrid
Hybrid

Company Overview

Recognized as a Milwaukee Journal Sentinel Top Workplace for 12 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.

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Job Summary

As an Associate Actuary involved with Commercial Auto and General Liability pricing, you'll help play a pivotal role in driving profitability and strategic decision-making for our book of business.

Responsibilities & Qualifications

Summary of Responsibilities:

· Monitor and Optimize Profitability: Analyze portfolio performance, identify trends and opportunities to enhance profitability in Commercial Auto and General Liability. Provide actionable insights to guide underwriting, pricing, and product development strategies.

· Partner with Analytics: Collaborate closely with the Analytics team to develop, implement and leverage models for pricing and risk selection. Ensure effective deployment and ongoing monitoring of model performance.

· Drive Strategic Decision-Making: Provide actuarial guidance to inform critical business decisions across underwriting, pricing, and product development. Insights will help shape the future of our Commercial Auto and General Liability lines.

· Regulatory Filings: Prepare actuarial justifications for rate filings and other regulatory activities specific to Commercial Auto and General Liability.

· Other ad-hoc duties as assigned

Preferred Experience and Skills:

· 5+ years of actuarial experience in the property/casualty insurance industry with a focus on commercial lines. Experience in Commercial Auto and/or General Liability is preferred.

· Strong understanding of data analysis and interpretation

· Strong communication and presentation skills, including the ability to translate complex actuarial concepts for non-technical audiences and communicate the impacts of various possible actions under consideration by the business

· Ability to build strong partnerships across functions and communicate with multiple departments on projects

Preferred Education and Training:

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

· Associate of the Casualty Actuarial Society (ACAS) or actively pursuing Fellowship (FCAS)

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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.

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