Executive Director, Pricing and Reinsurance

USAA•San Antonio, NC

19d•Hybrid

About The Position

Provides executive-level leadership and oversight to a team responsible for developing and managing competitive life, health, and annuity products, protecting the organization’s financial strength, and building long-term value. The role is responsible for pricing assigned products and managing reinsurance initiatives for USAA’s life insurance companies. It collaborates with key stakeholders to launch new products and manage existing ones. The position is based in San Antonio, Texas, or Charlotte, North Carolina, and requires working in the office four days per week. Relocation assistance is available.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or another quantitative field; alternatively, four additional years of related experience may substitute for the degree.
12+ years of industry experience, including recent experience pricing annuity products as a reinsurer or direct writer, ideally within the last five years.
10+ years of progressive actuarial experience in two or more life actuarial functions, including developing strategies, managing major initiatives, and delivering results in a complex matrix environment.
Four years of people leadership experience building, managing, and/or developing high-performing teams.
Knowledge of pricing tools, techniques, and methods, and ability to assess analytical and pricing models using statistical principles.
Knowledge of risk and compliance management frameworks and policies.
Knowledge of applicable US annuity laws and regulations and experience with the Bermuda regulatory framework.
Fellow of the Society of Actuaries.
Experience partnering with an investment team to optimize asset allocations in response to competitive pressures.

Nice To Haves

Experience pricing living benefits.
Experience navigating distribution conflict.

Responsibilities

Define, develop, evaluate, and oversee implementation of pricing models and strategies to optimize revenue, market share, brand positioning, and long-term profits and member value for assigned life, health, and annuity products.
Collaborate with General Managers, Finance, Investment Management, Underwriting, and other stakeholders to position the product portfolio and establish pricing programs aligned with product and sales strategy and revenue recognition requirements.
Direct analysis of pricing models and projections to ensure competitive pricing and market position.
Oversee implementation of pricing proposals for assigned products.
Support development of reinsurance strategies to manage capital, mitigate risk, and/or improve pricing leverage; maintain reinsurance partnerships; and support negotiation of reinsurance transactions.
Serve as a subject matter expert on counterparty risk assessment and risk mitigation.
Build and oversee a team through recruiting, development, retention, coaching, support, performance management, and other managerial activities.
Ensure business risks are identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Benefits

Comprehensive medical, dental, and vision plans.
401(k) and pension.
Life insurance.
Parental benefits.
Adoption assistance.
Paid time off, including paid holidays and 16 paid volunteer hours.
Wellness programs.
Career path planning and continuing education.
Relocation assistance.
Executive-level long-term incentive plan: a cash payment that is time- and performance-based.
Potential pay incentives based on overall corporate and individual performance, at the discretion of the USAA Board of Directors.