Actuarial Analyst

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.

Analyzes and interprets insurance data to support ratemaking, pricing, and reserving decisions. Develops and maintains statistical reports, recommends rate changes, and provides data-driven justification for company filings and business planning.

This position offers a hybrid work schedule. Candidates who are located within 50 miles of a West Bend office location will work a hybrid schedule for collaboration days, team meetings or other in-person events. The position can be based in West Bend or Madison.

As an entry-level Actuarial Analyst at West Bend Insurance Company, you will support actuarial functions related to Commercial Property, General Liability, Commercial Auto, and Umbrella lines. You'll contribute to pricing, reserving, and risk analysis efforts that drive strategic decisions across underwriting, claims, and finance.

Key responsibilities include:

Assist in developing rate indications and pricing models for commercial lines.
• Retrieve and analyze statistical data using query tools and spreadsheets.
• Prepare experience reports and loss cost projections to support rate filings.
• Monitor company performance by segment and line of business.
• Provide statistical justification for regulatory filings and internal planning.
• Collaborate with senior actuaries and cross-functional teams to support business initiatives.

Preferred Experience and Skills

• Strong analytical and mathematical skills.
• Proficiency in Excel and data manipulation tools.
• Familiarity with SQL, R, Python, or other statistical software is a plus.
• Effective oral and written communication skills.
• Ability to work independently and in team settings.

Preferred Education and Training

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Completion of at least 1-2 actuarial exams (CAS track preferred).
• Internship or project experience in insurance or data analytics is beneficial.

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The salary range for this position is $75,000-$94,000.

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, 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.