Actuarial Analyst

Tata Consultancy Services; Plano (TX); On-site; USD 100,000 - 170,000; Full time

Benefits offered by this job

Discretionary annual incentive

Comprehensive medical coverage

Family support: parental leaves

Auto & home insurance options

Commuter benefits

Certification & training reimbursement

Paid time off and holidays

401K plan and bonus

Job summary

Tata Consultancy Services seeks an Actuarial Analyst to apply actuarial methods to rate making, trend analysis, and regulatory filings for personal lines. The role requires 3+ years of actuarial experience and P&C insurance exposure in a fast-paced environment.

The candidate will work on data analysis, Python/SQL queries, and regulatory documentation with guidance from senior actuaries. Competitive salary and comprehensive benefits offered.

Qualifications

• Bachelor’s degree in Actuarial Science; 2–5 years actuarial experience; CAS exams may be substituted.
• Must have P&C insurance experience and state filing experience with DOI for personal lines.
• Strong analytical skills with data analysis, Python, and SQL; connect insights to business problems.
• Experience applying actuarial methodologies to rate making, trend analysis, and documentation.

Responsibilities

• Lead the state filing process including rate development, trend analysis, and DOI documentation.
• Apply actuarial methods to support business decisions and communicate results clearly.
• Ensure data quality and maintain governance of models under guidance from the Lead Actuary.
• Support unstructured projects using actuarial techniques and industry data.

Skills

Actuarial knowledge

P&C insurance experience

State filing experience

Data analysis

Python

SQL

Communication of analyses

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.

• 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.