Actuary

Pinnacol Assurance • Denver, CO

1d • Remote

About The Position

The Actuary is an experienced technical contributor and cross-functional partner who develops and executes actuarial, statistical, and predictive analyses to differentiate loss costs and risk across the Company's insurance portfolio. In this role, you will perform pricing, reserving, and predictive modeling work of increasing complexity, contribute data-driven insight to Underwriting, Claims, Finance, and Enterprise Strategy, and help translate technical findings for non-technical stakeholders. The Actuary is expected to work with growing independence while continuing to build toward the technical leadership and strategic-partner scope of a Senior Actuary, and will collaborate with shared services teams to support consistency and operational efficiency.

Requirements

• FCAS, or near-FCAS making demonstrated progress toward Fellowship of the Casualty Actuarial Society (FCAS).
• 5+ years of progressively responsible experience in Property & Casualty (P&C) actuarial work, with experience in pricing, reserving, or predictive modeling.
• Experience with Workers' Compensation (WC) and commercial lines.
• Expert: Microsoft Excel.
• Advanced: SQL for data extraction and database manipulation.
• Intermediate / Advanced: Python, R, or SAS for predictive modeling, statistical analysis, and workflow automation (preferred).
• Strong problem-solving skills, attention to detail, and sound critical judgment in evaluating risk options.
• Demonstrated project management skills.
• Excellent verbal and written communication and presentation skills, with the ability to explain technical concepts and business insights to both technical and non-technical stakeholders.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related quantitative field. Relevant work experience of similar kind and level may be substituted for the education requirement; completion of a degree is encouraged and supported.

Nice To Haves

• Growing knowledge of Generalized Linear Models (GLMs) and other statistical modeling tools.
• Exposure to presenting to or supporting presentations for state regulatory bodies (DOIs), advisory bureaus (NCCI/ISO), or independent auditors.

Responsibilities

• Perform pricing duties including development of loss costs, rates, and appropriate credits/debits for key characteristics; support large account pricing and enhancement of large account pricing tools; perform special studies to improve pricing differentiation.
• Support the quarterly and annual IBNR reserve review process in coordination with independent actuarial consultants, and perform internal reserve reviews evaluating adequacy and emerging trends.
• Build, validate, and refine predictive models (such as GLMs) to improve risk segmentation, pricing accuracy, and operational workflows.
• Support development and maintenance of profit-sharing programs such as Agent Bonus, Individual Loss Control and Safety Group Dividends, and allocation of General Dividend.
• Conduct analyses into the risk and profitability of key business segments, and partner with Underwriting, Claims, Finance, and Enterprise Strategy on portfolio profitability and segment reviews.
• Support development of enterprise risk management models that measure and monitor the Company's key risks; help identify and implement industry best practices, and assist in communicating and training risk measurement and modeling concepts to risk owners.
• Support enterprise data strategy development, business/data transformation efforts, tool modernization, and process improvements that streamline workflows and increase productivity.
• Communicate with appropriate external parties — including independent actuaries, auditors, NCCI, and state Departments of Insurance — on items impacting the Company's outlook and strategy, with support from senior actuarial staff on higher-stakes matters.
• Work with other functional areas to develop value-added projects and hypotheses aligned with enterprise strategy, and provide guidance to analysts as needed.
• Conduct studies on the industry and key competitors.
• Perform other duties as assigned.

Benefits

• Diverse benefit offerings for medical, dental and vision.
• Positive, collaborative work environment.
• 20 paid days off your first full year plus 9 paid holidays.
• Unique wellness programs, including on-site, company-paid fitness facilities and classes.
• 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.
• Paid time off to volunteer with Colorado nonprofits through our employee volunteer program, Pinnacol in Action.
• Opportunity to earn a quarterly incentive, a percentage of your annual base salary, when your team exceeds their goals and objectives.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior