Life Actuary

USAA•San Antonio, TX

3d•$127,310 - $243,340•Hybrid

About The Position

USAA is hiring a Fixed Indexed Annuity (FIA) actuary to support reserving and forecasting, model development, or assumption setting. The role works closely with Life Company and Finance teams and performs actuarial analyses for product development, projecting future results, repricing existing products, and assessing financial strength. Depending on business needs and the candidate’s experience, the actuary will focus on valuation and forecasting, modeling, or assumptions. Valuation and forecasting work uses AXIS for FIA products and associated riders, analyzes and attributes results, and ensures models remain accurate and controlled. Modeling work develops, maintains, and oversees AXIS models and ensures accurate, consistent implementation of product features and assumptions. Assumption work develops and maintains FIA assumptions, monitors emerging experience, recommends updates, and supports use of assumptions across pricing, forecasting, and valuation. The position requires working in the office four days per week and may be based in San Antonio, Texas; Plano, Texas; or Charlotte, North Carolina. Relocation assistance is not available. The salary range is $127,310–$243,340, with actual compensation varying by location, experience, and market data. Employees may be eligible for performance-based incentives. USAA does not provide visa sponsorship for this role.

Requirements

Bachelor’s degree, or four additional years of related experience beyond the minimum experience requirement may be substituted for the degree.
Either four years of relevant actuarial or analytical experience and attainment of Fellow of the Society of Actuaries (FSA), or eight years of relevant actuarial experience and attainment of Associate of the Society of Actuaries (ASA).
Experience performing complex work assignments using 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 Haves

Five or more years of Moody’s AXIS experience.
Advanced degree.
US military experience through military service or as a military spouse/domestic partner.

Responsibilities

Perform complex actuarial work using modeling-software-driven models for pricing, valuation, and/or risk management.
Review laws and regulations for compliance, recommend process improvements, and monitor industry communications about potential regulatory changes.
Run models, generate reports, and present recommendations and detailed analysis of model runs to Actuarial Leadership.
Recommend model adjustments and improvements when appropriate.
Share knowledge with team members, serve as a resource on escalated issues, and navigate obstacles to deliver work.
Lead or serve as a key resource on moderately complex, cross-functional projects from concept through planning, execution, and implementation, with minimal guidance.
Develop exhibits and reports that explain proposals and findings in an understandable and usable format for stakeholders.
Independently identify business problems and recommend solutions, often presenting recommendations to leadership.
Maintain appropriate price levels, price structures, data availability, and other requirements to achieve profitability and competitive goals.
Identify critical assumptions to monitor and recommend timely remedies for unfavorable trends.
Test the impact of assumptions by identifying sources of gain and loss, appropriate premiums, interest margins, reserves, and cash values for product profitability and viability.
Advise management on issues and serve as a primary resource for team members on escalated issues.
Ensure business risks are effectively 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.
16 paid volunteer hours.
Wellness programs.
Career path planning and continuing education.
Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.