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Actuarial Analyst

Company: Pinnacol Assurance
Location: Denver
Posted on: June 25, 2022

Job Description:

Pinnacol Assurance does just one thing, and does it better than anyone: provide caring workers' compensation protection to Colorado employers and employees. And while we may be a little biased, we believe that our work shapes communities and changes lives.
We have big hearts and love big ideas. We've been around for more than - 100 years, but don't let that fool you. Pinnacol is committed to taking care of Colorado employers and workers in the most innovative ways. We celebrate continuous improvement, new ideas, compassion, teamwork, integrity and excellence.
With our number one priority to keep everyone safe, along with the heart of Pinnacol's "culture of caring" to do what is right and not what is easy, we're currently having our team members work from home. But we're still making time for fun with virtual events like virtual painting classes, virtual yoga and Zumba classes, and virtual happy hours!
What you'll do:
Perform pricing, reserving, financial reporting and other data analytic projects. - Develop a strong understanding of supporting actuarial methodologies and data analyses. - Develop actuarial, statistical, and predictive analyses/models to better differentiate loss costs and risk in the Company's insurance portfolio and improve business processes. - Analyses to be performed in a timely fashion with performance of models within a reasonable range of expectations; process improvements to be measured per operating unit standards.
What you can expect:

  • Assist in pricing projects including development of loss costs, rates, and appropriate credit/debits for key account characteristics. - Perform special studies to develop improved pricing differentiation.
  • Produce and maintain actuarial work products related to financial and other reporting requirements.
  • Assist in IBNR reserve quarterly review process in coordination with independent Actuarial Consultant. - Perform internal IBNR reserve reviews. - Enhance and broaden current approaches to gain further insights on the performance of key business segments. -
  • Develop a deep understanding of internal company databases, and become proficient at querying large datasets with SAS/SQL for use in actuarial studies. -
  • Update and develop an understanding of current internal enterprise risk management models and become familiar with industry best practices and methodologies. -
  • Support data strategy development and business/data transformation process
  • Conduct/review analyses into risk and profitability of key business segments
  • Conduct/review studies on the industry and key competitors -
  • Perform other duties as assigned

    What you need to be successful:
    Successful completion of at least two actuarial exams making progress towards designation as an Associate of the Casualty Actuarial Society. At least two years of progressively more responsible experience in insurance industry, or a related quantitative field. - Prior experience with programming languages / software such as SAS, R, SQL, and/or other statistical programming language is preferred; proficient in Microsoft Excel and Word. - Bachelor's Degree in Actuarial Science, Mathematics, Statistics or related area. - Excellent communication skills both oral and written. Relevant work experience (similar kind of work at a similar level of work as described in the essential duties) may be substituted for the education requirements. Completion of a degree is encouraged and supported.
    We can't do our work without people like you.Our employees are extraordinary and committed to making a difference. Here's some of the ways we show our appreciation.

    • Our benefits go beyond the basics. You'll get to choose from diverse benefit offerings for medical, dental and vision.
    • We care about each other. We enjoy a positive, collaborative work environment. We are hard workers and high performers.
    • We love who you are. Pinnacol is on a journey to embody diversity, equity and inclusion. We're committed to creating a culture that deeply values differences, where everyone feels like they belong.
    • Take a day (or 20!) off. Enjoy 20 paid days off your first full year plus 9 paid holidays.
    • Take care of yourself. Sign up for unique wellness programs, including on-site, company-paid fitness facilities and classes
    • Get your learning on. We promote a learning culture to help you master your current job and cultivate the skills of the future through a variety of on-site, online, and off-site professional development opportunities.
    • Give back and get paid. Through our employee volunteer program, Pinnacol in Action, employees receive paid time off to volunteer with Colorado nonprofits.
    • Share in our success. You'll have the opportunity to earn a quarterly incentive, up to 20 percent of your annual base salary, when your team exceeds their goals and objectives.

      When we find the right person, we try to put our best foot forward with an offer that excites you. We consider what you'd like to be paid, the skills and experience you bring, what similar jobs pay in the Denver area and make sure there's equal pay for equal work among those you'll be working with. The compensation amount for this role is targeted at $70,000-$81,000. Final offer amounts are determined by multiple factors including your experience and expertise and may vary from the amounts listed above.
      Want to love your work? Apply today!
      Pinnacol is committed to working with and providing reasonable accommodations to applicants with disabilities. To request assistance with the application process, please email

Keywords: Pinnacol Assurance, Denver , Actuarial Analyst, Professions , Denver, Colorado

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