Hybrid Life Actuary – Asset Liability Management

at USAA

• Job title: Life Actuary – Asset Liability Management
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $127,310 - $236,250 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, San Antonio, United States

About the role

• Life Actuary coordinating actuarial analyses for new product development and determining financial strength. Joining USAA's Asset Liability Management Team in a hybrid role requiring in-office work.

Responsibilities

• Performs complex work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
• Reviews laws and regulations to ensure all processes are compliant; and provides recommendations for improvements and monitors industry communications regarding potential changes to existing laws and regulations.
• Runs models, generates reports, and presents recommendations and detailed analysis of all model runs to Actuarial Leadership.
• May make recommendations for model adjustments and improvements, when appropriate.
• Shares knowledge with team members and serves as a resource to team on escalated issues and navigates obstacles to deliver work product.
• Leads or participates as a key resource on moderately complex projects through concept, planning, execution, and implementation phases with minimal guidance, involving cross functional actuarial areas.
• Develops exhibits and reports that help explain proposals/findings and provides information in an understandable and usable format for stakeholders.
• Identifies and provides recommended solutions to business problems independently, often presenting recommendation to leadership.
• Maintains proper price level, price structure, data availability and other requirements to achieve profitability and competitive goals.
• Identifies critical assumptions to monitor and suggest timely remedies to correct or prevent unfavorable trends.
• Tests impact of assumptions by identifying sources of gain and loss, the appropriate premiums, interest margins, reserves, and cash values for profitability and viability of new and existing products.
• Advises management on issues and serves as a primary resource for their individual team members on escalated issues.
• 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 (in addition to the minimum years of experience required) may be substituted in lieu of degree. (Total of 8 years of experience without bachelor’s degree)
• 4 years relevant actuarial or analytical experience and attainment of Fellow within the Society of Actuaries (Bachelor’s degree + 4 years of experience + FSA) OR 8 years relevant actuarial experience and attainment of Associate within the Society of Actuaries. (Bachelor’s Degree + 8 years of experience + ASA) OR 8 years relevant actuarial or analytical experience and attainment of Fellow within the Society of Actuaries (FSA) OR 12 years relevant actuarial or analytical experience and attainment of Associate within the Society of Actuaries (ASA)
• Experience performing complex work assignments utilizing 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.

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