Actuarial Analyst

Tata Consultancy Services; Catonsville (MD); On-site; USD 90,000 - 125,000; Full time

Benefits offered by this job

Discretionary incentive

Medical coverage

Family leaves

Insurance options

Commuter benefits

Training reimbursement

Vacation оплачивается

401K plan

Job summary

Tata Consultancy Services in Catonsville, MD is seeking an Actuarial Analyst with 3+ years of actuarial experience and CAS exam progress. The role emphasizes P&C and personal lines knowledge, state filing with DOI, and advanced data analysis using Python/SQL.

Responsibilities include developing rates, performing trend analysis, and ensuring QA of data while maintaining regulatory documentation and collaboration with the Lead Actuary. Competitive salary and benefits described.

Qualifications

• Bachelor’s degree in Actuarial Science; 2–5 years of related actuarial experience may substitute for degree; minimum of 2 CAS exams completed.
• Must have P&C insurance experience.
• State filing experience with the DOI for personal lines is preferred.
• Demonstrated competency with actuarial, mathematical and statistical techniques for data-driven decisions.
• Intermediate knowledge of data analysis tools and languages (Python, SQL) for analyses.

Responsibilities

• Independently apply complex actuarial methodologies to unstructured projects.
• Develop rates, perform trend analysis, revise rates, and prepare DOI documentation for state filings.
• Coordinate responses to DOI objections with the Lead Actuary.
• Translate business problems into technical requirements and assess data quality for analyses.
• Apply actuarial techniques to augment work product and manage risk.

Skills

Actuarial knowledge

P&C insurance experience

Personal lines

Data analysis

Statistical methods

Education

Bachelor's degree in Actuarial Science

Tools

Python

SQL

Job description

Job Description

Role - Actuarial Analyst

Experience Required -3+ Years

Must Have Technical/Functional Skills

Actuarial Knowledge and Experience

Property & Causality Experience,

Personal Lines

Actuarial Science- CAS, State Filings, Reserving, Modelling

Roles & Responsibilities

• Bachelor’s degree in Actuarial Science; and 2 to 5 years of related Actuarial experience (in addition to the minimum years of experience required) may be substituted in lieu of degree. Minimum of 2 actuarial exams completed in CAS.
• Must have P&C Insurance experience
• State Filing Experience with DOI for personal lines of Insurance is preferred
• Demonstrated competency with relevant actuarial, mathematical, and statistical techniques and approaches used to support fact-based decision-making.
• Intermediate knowledge of data analysis tools, data visualization, developing analysis queries and procedures in Python, SQL or other analysis software, and relevant industry data & methods and ability to connect external insights to business problems.
• Understand and analyze the assigned state and responsible for completing state filing process including but not limited to developing rates, trend analysis, revise rates, prepare documentation to DOI, get the sign off from Lead Actuary and coordinate and respond for any DOI objections.

Additional Responsibilities

• Independently apply complex technical and actuarial methodologies, as well as proficient actuarial knowledge, to complete unstructured projects
• Select and ensure quality of data used to perform trend analysis supports rate level indications; translates business problem into technical requirements; runs required models and interprets and communicates results to support business activities while executing and enhancing a strong control environment with guidance from an Director of respective Line of Business.
• Utilize actuarial, mathematical, or statistical techniques to augment actuarial work product.
• Apply understanding of products supported, stakeholders’ needs, and industry trends to solve unstructured business problems.
• Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Base Salary Range : $90,000 to $125,000 Per Annum

TCS Employee Benefits Summary

• Discretionary Annual Incentive.
• Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
• Family Support: Maternal & Parental Leaves.
• Insurance Options: Auto & Home Insurance, Identity Theft Protection.
• Convenience & Professional Growth: Commuter Benefits & Certification & Training Reimbursement.
• Time Off: Vacation, Time Off, Sick Leave & Holidays.
• Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.