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Role: Senior Actuarial Associate
Job Type: Permanent
Location: Letterkenny

Ready to use your skills in actuary?

Join us as a Senior Actuarial Associate.

Careers at TCS: It means more
TCS is a purpose-led transformation company, built on belief. We do not just help businesses to transform through technology. We support them in making a meaningful difference to the people and communities they serve - our clients include some of the biggest brands in the UK and worldwide. For you, it means more to make an impact that matters, through challenging projects which demand ambitious innovation and thought leadership.

• Be part of an exciting team where you will be challenged every day.
• Work closely with the range of teams within the business to bring products to life.
• Work with customers and identify opportunities to support their strategy and improve their processes across functions.

The Role
As a Senior Actuarial Associate, you will be a key member of the overall actuarial team where you will have the opportunity to gain a deep understanding of actuarial techniques to drive business results. This role is heavily involved in actuarial valuations and financial reporting. The position will provide the associate with the opportunity to gain a broad experience across a range of actuarial disciplines and collaborate across actuarial and non-actuarial teams, including Finance, Treasury, Global Portfolio Management, Audit and Risk Management.

Key responsibilities:

• Key contributor in managing and maintaining the Bermuda reporting function in accordance with BMA regulatory rules and Bermuda accounting frameworks (Solvency 2 equivalent)
• Refine existing models and build up tools for Life Reinsurance reserves and capital for annual statements, capital calculations and management reports.
• Perform source of earnings analysis and help stakeholders understand change in capital level.
• Work with the team lead and non-actuarial partners to complete annual Bermuda filing (SFS, EBS and BSCR) and support the approved actuary’s opinion and audited financial statements.
• Contribute to review and validate the liability cash flows for EBS/BSCR/US GAAP Fair Value.
• Contribute to creation of quarterly valuation results for Gib Re.
• Contribute to forecasting and stress testing results for Gib Re.
• Preparation of documents and testing for model registration and model affirmations.
• Enhance actuarial processes to improve efficiency and productivity to be following actuarial models’ validation, maintenance and risk management requirements.
• Contribute to creation, documentation and registration of assumptions in collaboration with the assumptions team.
• Perform cash settlement review processes.
• Collaborate and engage with key stakeholders: Gibraltar Re actuarial team, BU actuarial teams, Finance and Controllers, Modelling, Treasury, audit (internal and external), risk management, assumptions
• Support future Bermuda reinsurance transaction related projects

Your Profile
Key skills/knowledge/experience:

• Bachelor’s Degree Required - Degree in Actuarial Science, mathematics, finance, computer science or other quantitative related fields are preferred

• Actuarial related work experience – some prior valuation and financial reporting experience preferred while prior experience in GGY Axis is a requirement
• Experience with international accounting frameworks and/or reinsurance is a strong plus

Good to have:

• VBA
• Wide breadth of understanding of life and pension products along with industry regulatory frameworks domestic and international
• Dedication to completing work in a timely fashion and with high-quality results
• Excellent verbal and written communication/presentation skills
• Highly organized, collaborative and adept at managing multiple, competing priorities

Rewards & Benefits
TCS is consistently voted a Top Employer in the UK and globally. Our competitive salary packages feature pension, health care, life assurance, laptop, phone, access to extensive training resources and discounts within the larger Tata network.

Diversity, Inclusion & Wellbeing
Tata Consultancy Services UK&I is committed to meeting the accessibility needs of all individuals in accordance with the Ireland Employment Equality Acts 1998-2011 (as amended) and the Equal Status Acts 2000-2012 (as amended).

We believe in building and sustaining a culture of equity and belonging where everyone can thrive. Our diversity and inclusion motto is ‘Inclusion without Exception’. Our continued commitment to Culture and Diversity is reflected across our workforce implemented through equitable workplace policies and processes.

You’ll find a welcoming culture and many internal volunteering and social networks to join (these are optional). Our diversity, inclusion and social activities include 12 employee networks such as gender diversity, LGBTQIA+ & Allies, mental health, disability & neurodiversity inclusion and many more, as well as health & wellness initiatives and sports events and we sponsor the London Marathon.

We welcome and embrace diversity in race, nationality, ethnicity, disability, neurodiversity, gender identity, age, physical ability, gender reassignment, sexual orientation. We are a disability inclusive employer and encourage disabled people to apply for this role.

If you are an applicant who needs any adjustments to the application process (including completing the application form) or interview, please contact us with the subject line: “Adjustment Request” to jennifer.long@tcs.com. We welcome requests prior to you completing the application and at any stage of the recruitment process.

Join us and do more of what matters. Apply online now.