Actuarial Analyst

Tata Consultancy Services; Hoffman Estates (IL); On-site; USD 100,000 - 170,000; Full time

Benefits offered by this job

Discretionary Incentive

Medical Coverage

Dental & Vision

Disability Insurance

Pet Insurance

Commuter Benefits

Certification Reimbursement

Vacation & Holidays

401K Plan

Performance Bonus

College Fund

Student Loan Refinancing

Identity Theft Protection

Auto & Home Insurance

Parental Leaves

Job summary

Tata Consultancy Services in Hoffman Estates, IL seeks an Actuarial Analyst with 3+ years of experience in property and casualty insurance, CAS exposure, and state filings. The role emphasizes reserving, modelling, and robust data analysis.

You will work with Python/SQL for analysis, contribute to DOI submissions, and support rate development. Base salary range is $100,000 to $170,000 per year, plus benefits.

Qualifications

• Bachelor’s degree in Actuarial Science; 2–5 years of related actuarial experience may substitute for degree.
• Minimum of 2 actuarial exams completed (CAS).
• Must have P&C Insurance experience.
• State Filing experience with DOI is preferred.
• Strong data analysis, statistics and modelling capabilities.

Responsibilities

• Apply actuarial methodologies to support rate making, trend analysis and documentation for DOI.
• Develop and validate rates, articulate findings, and coordinate with Lead Actuary for sign-off.
• Utilize Python/SQL to create analyses, queries, and data visualizations.
• Ensure compliance with risk and regulatory requirements and maintain data quality.
• Translate business problems into technical requirements and communicate results clearly.

Skills

Actuarial Knowledge

P&C Insurance Experience

State Filing Experience

CAS Exams

Data Analysis

Communication Skills

Education

Bachelor's degree in Actuarial Science

Tools

Python

SQL

Data Visualization

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.

• 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 : $100,000 to $170,000 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