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Job details

Assistant Actuary Analyst

Pinnacol Assurance seeks an Assistant Actuarial Analyst to join their Worker's Compensation Actuarial team, focusing on enhancing pricing plan sophistication and addressing business issues.

Skills

  • Actuarial concepts
  • Statistical modeling
  • Predictive modeling
  • Analytical skills
  • Communication skills

Responsibilities

  • Support actuaries with analysis
  • Prepare actuarial research and reports
  • Analyze and create efficient methods for financial exhibits
  • Propose alternative analytic approaches
  • Communicate technical actuarial work

Education

  • Degree in Actuarial Science or related field

Benefits

  • Health programs including medical, dental, and vision
  • Life insurance
  • Retirement plan with PERA
To read the complete job description, please click on the ‘Apply’ button

Average salary estimate

$79900 / YEARLY (est.)
min
max
$78300K
$81500K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Assistant Actuary Analyst, Pinnacol Assurance

Are you ready to take your first step into the thrilling world of actuarial science? Pinnacol Assurance in Denver, CO is on the lookout for an enthusiastic Assistant Actuary Analyst to join our dynamic Worker's Compensation Actuarial team. As an Assistant Actuary Analyst, you'll be surrounded by experienced professionals who are excited to guide you on your journey. From day one, you'll gain knowledge about worker's compensation and the insurance industry through hands-on experiences. Your role will involve applying traditional actuarial concepts and innovative statistical modeling techniques to improve our pricing strategies and uncover business insights. This is your chance to develop various analytical approaches, engage in meaningful analyses, and deliver recommendations based on your findings. Not only will you be contributing to our work, which shapes communities and changes lives, but you will also support our subsidiaries in their endeavors. We value teamwork, compassion, and continuous improvement, qualities that have kept us at the forefront of the industry for over a century. If you're looking for a role that challenges you and allows you to communicate technical concepts to diverse audiences, then this position is perfect for you. Plus, you'll be rewarded for your hard work through our gainsharing program, and enjoy comprehensive benefits including health programs and retirement plans. Join us and make a difference with Pinnacol Assurance!

Frequently Asked Questions (FAQs) for Assistant Actuary Analyst Role at Pinnacol Assurance
What responsibilities does an Assistant Actuary Analyst have at Pinnacol Assurance?

As an Assistant Actuary Analyst at Pinnacol Assurance, you'll be responsible for supporting experienced actuaries with in-depth analyses, assisting in the preparation of actuarial research, and presenting your findings to peers. You will analyze and develop efficient methods for financial exhibits, propose alternative analytic approaches, and communicate technical actuarial work clearly to both technical and non-technical audiences.

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What qualifications are required for the Assistant Actuary Analyst position at Pinnacol Assurance?

To qualify for the Assistant Actuary Analyst position at Pinnacol Assurance, candidates typically need a strong background in mathematics, statistics, or actuarial science. It's beneficial to have some understanding of the insurance industry, particularly worker's compensation. Candidates should also be familiar with statistical modeling techniques and have excellent communication skills to effectively relay complex information to varying audiences.

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What skills will I develop as an Assistant Actuary Analyst at Pinnacol Assurance?

In the role of Assistant Actuary Analyst at Pinnacol Assurance, you will develop valuable skills in traditional actuarial analysis and modern statistical modeling techniques, including predictive modeling. You’ll also enhance your ability to research and prepare reports, communicate findings, and propose alternative analytic methods—all essential skills that are vital in the actuarial field.

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What kind of work environment can an Assistant Actuary Analyst expect at Pinnacol Assurance?

As an Assistant Actuary Analyst at Pinnacol Assurance, you can expect a collaborative and supportive office environment. Regular attendance is required for office work involving computer use and telephone communication. You'll also have opportunities to engage in tasks like participating in on-call rotations, which are part of a team-based approach to ensuring availability and responsiveness in your role.

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Are there opportunities for career advancement as an Assistant Actuary Analyst at Pinnacol Assurance?

Yes, Pinnacol Assurance values employee growth and offers numerous opportunities for career advancement in the actuarial field. As an Assistant Actuary Analyst, you’ll be encouraged to enhance your knowledge and skills, which can lead to future roles with increased responsibility, alongside educational support and resources to aid your progression within the company.

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Common Interview Questions for Assistant Actuary Analyst
Can you explain your understanding of actuarial science?

To effectively answer this question, highlight its significance in risk management and financial stability, mentioning statistical methods used to predict future events and financial liabilities in the insurance industry.

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What motivates you to pursue a career as an Assistant Actuary Analyst?

Discuss your passion for mathematics, problem-solving, and data analysis. Emphasize your interest in making informed decisions that impact communities and businesses positively.

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How would you approach a complex actuarial problem?

Describe a systematic approach: understanding the problem, gathering relevant data, applying appropriate statistical techniques, and presenting clear, actionable insights derived from your analysis.

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What tools and software are you proficient in that are relevant to this position?

Mention any experience with actuarial software, data analytics tools, or programming languages such as Excel, R, Python, or SAS, which are commonly used in actuarial analysis.

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How do you ensure accuracy in your calculations?

Talk about your attention to detail, methods for double-checking your work, using peer reviews, and leveraging automated processes to minimize errors.

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Can you give an example of how you communicated complex data to a non-technical audience?

Share a specific experience where you successfully simplified numerical data or statistical concepts for an audience unfamiliar with technical jargon, highlighting your communication skills.

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What is your experience with predictive modeling?

Discuss any projects or coursework where you've applied predictive modeling techniques, including your understanding of the methodology and its applications in actuarial work.

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How do you stay up-to-date with industry trends and changes?

Explain your strategies for continuous learning, such as following industry publications, attending webinars, and networking with other professionals to keep informed on best practices and new developments.

Join Rise to see the full answer
Have you ever faced a significant challenge? How did you overcome it?

Provide an example of a professional or academic challenge, detailing the steps you took to tackle it and the positive outcome resulting from your efforts.

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Why do you want to work at Pinnacol Assurance specifically?

Express your alignment with Pinnacol's mission and values, your admiration for their commitment to innovation in the workers’ compensation field, and your enthusiasm for contributing to a company that makes a difference in communities.

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Founded in 1915 and headquartered in Denver, Colorado, Pinnacol Assurance operates as an insurance company. The Company provides claims, worker's compensation, and health insurance services. Pinnacol Assurance serves customers in the United States...

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FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
INDUSTRY
TEAM SIZE
SALARY RANGE
$78,300/yr - $81,500/yr
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
March 20, 2025

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