Reinsurance Analyst II

USAA

20h • Hybrid

About The Position

Join our dynamic Reinsurance Operations team in the Life Actuarial department as a Reinsurance Analyst II! This is an exciting opportunity to play a vital role in supporting reinsurance processes, from claims processing and treaty administration to financial reporting and audit support. You'll be responsible for managing reinsurance risk, ensuring regulatory compliance, and collaborating with business partners to drive effective decision-making. Strong critical thinking skills and excellent time management are essential as you navigate complex issues, interpret treaties, and deliver timely, accurate results. As a Reinsurance Analyst II, you will have the chance to participate in special projects, identify process improvements, and contribute to a strong risk management framework. Plus, get ready to be part of a major initiative in 2026 as we implement a brand-new reinsurance system, offering opportunities for professional growth and development! If you're a highly motivated individual with a desire to make a real impact, we encourage you to apply. Additionally, you may support reinsurance processes through one or more of the following activities: processes death claims, administers reinsurance, account reconciliations, audit support and coordination, reporting and analysis. Responsible for managing reinsurance risk, audit support, financial analysis and/or insurance-related statistical reporting. In addition, this role participates in the orchestration of activities to develop and complete business deliverables including developing and documenting project business requirements and translating those requirements into functional system specifications. We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position is based in San Antonio, TX. Relocation assistance is not available for this position.

Requirements

• Bachelor’s Degree; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
• 2 or more years of experience as an analyst or other relevant work experience.

Nice To Haves

• Experience with Life and/or Annuity Claims administration (1 year)
• Experience with Life Insurance and/or Annuity products (1 year)
• Experience with Risk and Control Management (1 year)
• Experience with Project Management (1 year)
• Experience with Life or Annuity reinsurance (1 year)

Responsibilities

• Utilize routine processes and procedures to administer reinsurance, process routine claims, validate data, files, systems, identify discrepancies, and related audit support.
• Support the development and maintenance of processes, procedures and tools.
• Resolve moderately complex issues and identifies appropriate issues for escalation.
• Participate on special projects related to reinsurance administration systems, legal contracts/treaties, new product launches and other initiatives.
• Under minimal guidance, prepare reinsurance financial, management and regulatory reports.
• Interpret treaty details (premium calculation), final bid documents and applies maturing knowledge of Letter of Agreement (LOAs) or treaty drafts and validation of system rules.
• Administer retention to ensure compliance with company limits and reinsurance treaty specifications.
• Develop an understanding of regulations impacting the reinsurance process to ensure compliance with government regulations.
• Develop relationships with business partners (internal and external).
• Acquire and apply maturing knowledge of the business to resolve issues and provide informed, proactive reporting and analysis to enable effective decision making.
• Gather, research, and coordinate responses to audit requests in a timely manner, for internal and external audit, and reinsurance business partners.
• Partner with more experienced team members to complete reinsurer and compliance audit requests.
• Perform intermediate level accounting activities, reinsurance accounting transactions, analysis, reconciliations and research and understands key implications.
• Perform intermediate level reinsurance transactions, analysis, reconciliations and research with developing knowledge of GAAP/ STAT accounting and other regulatory requirements.
• Identify appropriate issues for escalation.
• Identify opportunities for process improvements that further departmental goals and objectives.
• Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Benefits

• At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs.
• Additionally, our career path planning and continuing education assists employees with their professional goals.
• For more details on our outstanding benefits, visit our benefits page on USAAjobs.com.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees