Executive Director, Pricing and Reinsurance

USAA•San Antonio, TX

21d•$195,230 - $351,410•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 collaborates with key stakeholders to launch new products and manage existing ones, prices assigned products, and manages reinsurance initiatives for USAA’s life insurance companies. The position is based in San Antonio, Texas, or Charlotte, North Carolina, with an office requirement of four days per week. Relocation assistance is available.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or another quantitative field, or four additional years of related experience in lieu of a 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 U.S. annuity laws and regulations and experience with the Bermuda regulatory framework.
Fellow of the Society of Actuaries and a member.
Experience partnering with an investment team to optimize asset allocations in response to competitive pressures.
Experience pricing living benefits and navigating distribution conflict.

Responsibilities

Define, develop, evaluate, and oversee implementation of pricing models and strategies for assigned life, health, and annuity products to optimize revenue, market share, brand positioning, and long-term profits and member value.
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 strategies 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 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 risks associated with business activities are identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Benefits

Comprehensive medical, dental, and vision plans
401(k)
Pension
Life insurance
Parental benefits
Adoption assistance
Paid time off program
Paid holidays
16 paid volunteer hours
Wellness programs
Career path planning
Continuing education
Relocation assistance
Pay incentives may be available based on overall corporate and individual performance and at the discretion of the USAA Board of Directors
Long Term Incentive Plan cash payment for executive-level roles, based on time and performance