Hybrid Director, Life Actuary – Life Company Valuation

at USAA

• Job title: Director, Life Actuary – Life Company Valuation
• Job type: Full Time
• Experience level: Lead
• Salary: $164,780 - $314,960 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, San Antonio, United States

About the role

• Director, Life Actuary leading Life and Annuity Reserving, Forecasting, and Regulatory Reporting team at USAA. Overseeing actuarial activities with a focus on innovation, compliance, and team development.

Responsibilities

• Oversee and analyzes existing workflow and processes by organizing and integrating resources and systems
• Implements and monitors processes and performance standards and proactively identifies opportunities to promote continuous efficient and effective operations
• Provides team oversight on efforts to coordinate, prepare, and perform actuarial analyses in the development of rates, pricing strategies, financial models, or financial forecasts
• Provides guidance and supports actuarial modeling software driven models and maintains understanding of current systems impacting employees and business operations
• Analyzes process efficiency and recommends model adjustments and improvements, when appropriate
• Analyzes model input parameters and recommends adjustments
• Ensures compliance with policies, procedures, and state and federal regulations
• Reviews competitive analyses and actuarial regulatory correspondence and filings for accuracy
• Ensures work products comply with the guidelines of the American Academy of Actuaries and Actuarial Standards of Practice
• Analyzes industry trends and provides recommendations regarding changes related to relevant products, premiums, FIT and regulations
• Builds and oversees a team of employees for assigned functional area through ongoing execution of recruiting, development, retention, coaching and support, performance management, and managerial activities
• Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures

Requirements

• Bachelor’s degree OR 4 years of related experience may be substituted in lieu of degree
• 8 years of progressive actuarial related experience
• 3 years of direct team lead or management experience
• Fellow of the Society of Actuaries OR completed all requirements to obtain Fellowship except for the Fellowship Modules and or the Fellowship Admissions Course (FAC)
• Knowledge of applicable policies, procedures, and state and federal regulations
• Knowledge of guidelines of the American Academy of Actuaries and Actuarial Standards of Practice
• Demonstrated holistic understanding of the business operations and analytics with ability to communicate clearly to influence business strategies and solutions with key stakeholders
• Experience conceptualizing innovative approaches to actuarial studies and financial models and driving innovation to team members

Benefits

• 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
• various wellness programs
• career path planning and continuing education