Life Actuarial Analyst

USAA•San Antonio, TX

3d•$69,920 - $133,620•Hybrid

About The Position

As a dedicated Life Actuarial Analyst on the Life Company’s Annuity Pricing Team you will involve pricing of deferred fixed, indexed and immediate annuities. This role will also involve custom quoting of structured settlements as well as analysis of areas related to pricing and selling new business. Coordinates, prepares, and performs actuarial analyses required to develop new products, project future results, reprice existing products, and/or determine financial strength. We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: San Antonio, TX, Plano, TX, or Charlotte, NC.

Requirements

Bachelor's degree; OR 4 years of relevant education and/or experience.
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

Experience with pricing annuities or life insurance using pricing software (AXIS, etc).
Experience building analytical tools using applications such as excel VBA, Python, SQL, etc.
Excellent verbal and written communication skills, with the ability to tailor the content for varying audiences.
Strong aptitude for problem solving
US military experience through military service or a military spouse/domestic partner

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, prepares 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 identifies 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.
Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.