Functional Consultant

TATA Consulting Services•Austin, TX

50d

About The Position

Understand, analyze and review 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. Identify compliance gaps and process improvements and recommends develops solutions. Lead unit initiatives and participates in cross-functional efforts as a technical subject matter expert. Effectively communicate insights and solutions to all audiences, including executive leadership. Synthesize complex and conflicting information into a clear and influential value proposition. Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Requirements

Must have ACAS/FCAS designation or relevant designation in other Actuarial societies
Must have P&C Insurance experience
State Filing Experience with DOI for personal lines of Insurance is preferred
Bachelor's degree; and 5 years of related Actuarial/business/analytical experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
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.
Experience communicating complex solutions and analysis to both technical and nontechnical audiences.

Nice To Haves

State Filing Experience with DOI for personal lines of Insurance is preferred

Responsibilities

Understand, analyze and review 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.
Identify compliance gaps and process improvements and recommends develops solutions.
Lead unit initiatives and participates in cross-functional efforts as a technical subject matter expert.
Effectively communicate insights and solutions to all audiences, including executive leadership.
Synthesize complex and conflicting information into a clear and influential value proposition.
Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Benefits

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.

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