Tata Consultancy Services

Actuarial Analyst

Tata Consultancy Services$90K — $125K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science or relevant experience substitute.
  • 3+ years of actuarial experience required.
  • 2+ actuarial exams completed in CAS mandatory.
  • Experience in Property & Casualty Insurance sector essential.
  • Knowledge of state filings and reserve modeling preferred.
  • Competency in data analysis tools like Python and SQL required.
  • Strong understanding of statistical techniques for decision-making.

Responsibilities

  • Complete the state filing process for personal lines of insurance.
  • Conduct trend analysis and develop rates for state submissions.
  • Independently apply actuarial methodologies to complex projects.
  • Prepare documentation and respond to DOI inquiries post-filing.
  • Translate business problems into actionable technical requirements.
  • Select quality data for analysis and communicate findings effectively.
  • Ensure risk management policies are adhered to throughout processes.

Benefits

  • Discretionary Annual Incentive.
  • Comprehensive Medical, Dental, and Vision Coverage.
  • Maternal and Parental Leaves for family support.
  • Insurance options including Auto, Home, and Identity Theft Protection.
  • Commuter Benefits and Training Reimbursement for professional growth.
  • Generous Time Off policy including vacations and holidays.
  • Legal Assistance, 401K Plan, and performance bonuses available.
Full 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, Sate Filings, Reserving, Modelling

Roles & Responsibilities
• Bachelors 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 : $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.

About Tata Consultancy Services

Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company, headquartered in Mumbai, Maharashtra, India. It is a subsidiary of Tata Group and operates in 149 locations across 46 countries. TCS is the largest Indian company by market capitalization and is ranked 11th on the Forbes Global 2000 list of the world's biggest public companies. TCS is also the second-largest IT services company in the world by revenue and the largest employer of women in India. The company provides services in areas including IT, consulting, and business solutions.
Learn more about Tata Consultancy Services
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