Life Actuarial Analyst

USAA•San Antonio, NC

1d•Hybrid

About The Position

USAA is seeking a Life Actuarial Analyst to coordinate, prepare, and perform actuarial analyses for new product development, future result projections, existing product repricing, and financial strength determination. The role involves a flexible work environment requiring 4 days in the office per week and can be based in San Antonio, TX, Plano, TX, or Charlotte, NC. Relocation assistance is not provided.

Requirements

Bachelor's degree
Up to 2 years of relevant business or analytical experience.
2 Society of Actuaries exams completed.
Understanding and experience applying data analysis and actuarial techniques.

Nice To Haves

US military experience through military service or a military spouse/domestic partner.
Advanced degree in STEM
Experience with Tableau, R, Python, or similar programming languages.
Experience with a wide range of life and annuity products.
Experience with data validation and trend analysis.

Responsibilities

Performs routine work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
Responsible for data compilation and analytical support to include entering data and tables, running models, and generating reports.
Participates in developing recommendations for model adjustments and improvements, when appropriate.
Resolves less complex issues independently and identifies appropriate issues for escalation.
Leveraging established processes, preparing reports, identifies and resolves data and reporting problems.
Responsible for maintaining proper price level, price structure, data availability, model, and other requirements to achieve profitability and competitive goals.
Monitors critical experience areas and identify unfavorable trends.
Identifies sources of gain and loss by product and assumption.
Tests impact of assumptions and the appropriate premiums, interest margins, reserves, and cash values for profitability and viability of new and existing products.
Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.