USAA is hiring a Life Actuary

USAA is looking for a Life Actuary to join our Life Company’s Asset Liability Management Team. In this role, you will coordinate, prepare, and perform actuarial analyses to develop new products, project future results, reprice existing products, and determine financial strength.

What You'll Do

• Perform complex work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
• Review laws and regulations to ensure compliance; provide recommendations for improvements and monitor industry communications regarding potential changes.
• Run models, generate reports, and present recommendations and detailed analysis of all model runs to Actuarial Leadership.
• Make recommendations for model adjustments and improvements, when appropriate.
• Share knowledge with team members and serve as a resource on escalated issues, navigating obstacles to deliver work product.
• Lead or participate as a key resource on moderately complex projects through concept, planning, execution, and implementation phases with minimal guidance.
• Develop exhibits and reports that help explain proposals/findings in an understandable and usable format for stakeholders.
• Identify and provide recommended solutions to business problems independently, often presenting recommendations to leadership.
• Maintain proper price level, price structure, data availability and other requirements to achieve profitability and competitive goals.
• Identify critical assumptions to monitor and suggest timely remedies to correct or prevent unfavorable trends.
• Test impact of assumptions by identifying sources of gain and loss, and the appropriate premiums, interest margins, reserves, and cash values for product profitability.
• Advise management on issues and serve as a primary resource for team members on escalated matters.
• Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled.

What We're Looking For

• A Bachelor’s degree OR 4 years of related experience (in addition to minimum experience) may be substituted in lieu of degree.
• Must meet one of the following qualification paths:
  • 4 years relevant actuarial/analytical experience and attainment of Fellow (FSA) within the Society of Actuaries.
  • 8 years relevant actuarial experience and attainment of Associate (ASA) within the Society of Actuaries.
  • 8 years relevant actuarial/analytical experience and attainment of Fellow (FSA) within the Society of Actuaries.
  • 12 years relevant actuarial/analytical experience and attainment of Associate (ASA) within the Society of Actuaries.
• Experience performing complex work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
• Demonstrated experience communicating complex actuarial analysis and recommendations to technical and non-technical audiences.

Nice to Have

• US military experience through military service or being a military spouse/domestic partner.
• FSA (Fellow of the Society of Actuaries) designation.
• Experience using Moody’s AXIS software.
• 2 or more years of experience with asset liability management or cash flow testing.
• Prior Actuarial experience with Life Insurance and Annuity Products.
• Fixed Indexed Annuity (FIA) Experience.

Technical Stack

• Moody’s AXIS software

Team & Environment

You will join the Life Company’s Asset Liability Management Team, reporting to Actuarial Leadership.

Benefits & Compensation

• Compensation range: $127,310 - $236,250
• Comprehensive medical, dental and vision plans
• 401(k)
• Pension
• Life insurance
• Parental benefits
• Adoption assistance
• Paid time off program with paid holidays plus 16 paid volunteer hours
• Various wellness programs
• Career path planning and continuing education

Work Mode

This is a hybrid role open to candidates located anywhere in the continental United States.

USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.