Tata Consultancy Services

Actuarial Consultant - ACAS or FCAS

Tata Consultancy Services$100K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science or equivalent experience
  • 4 to 10+ years of actuarial experience in property and casualty insurance
  • ACAS or FCAS designation required
  • Experience with state filings and insurance department (DOI) processes is preferred
  • Proficiency with Python, SQL, and other data analysis tools
  • Strong understanding of statistical methods relevant to actuarial decision-making
  • Ability to translate business problems into technical requirements

Responsibilities

  • Complete the state filing process for personal lines of insurance
  • Develop and analyze rates, perform trend analysis, and prepare necessary documentation for DOI approval
  • Apply complex actuarial methodologies to unstructured projects independently
  • Select and assure quality of data for analysis to support actuarial models
  • Interpret and communicate results of statistical models to assist business activities
  • Identify and manage risks in business activities in line with compliance policies
  • Collaborate with stakeholders to solve unstructured business problems based on product understanding and industry trends

Benefits

  • Comprehensive health insurance
  • Retirement savings plan
  • Generous paid time off policy
  • Professional development opportunities
  • Work-life balance initiatives
Full Job Description
  • Bachelors degree in Actuarial Science; and 4 to 10+ years of related Actuarial experience (in addition to the minimum years of experience required) may be substituted in lieu of degree. Must have ACAS or FCAS designation
  • 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.


Salary - $100,00 - $150,000

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.
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