Actuarial Analyst supporting the preparation of actuarial products and collaboration with business units in insurance. Seeking someone eager to learn foundational actuarial and analytical skills.
About the role
- Seeking a qualified Life Actuary to join USAA, focusing on Interest Rate Risk Management and financial risk experience. Requires ASA or FSA designation and 4+ years experience.
Responsibilities
- Performs complex work assignments using actuarial modeling software driven models for pricing, valuation, and/or risk management
- Reviews laws and regulations to ensure all processes are compliant; 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 raised 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 partners
- Identifies and provides recommended solutions to business problems independently, often presenting recommendation to leadership
- Maintains accurate 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 raised issues
- Ensures risks associated with business activities are 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
- 4 years relevant actuarial or analytical experience and attainment of Fellow within the Society of Actuaries; OR 8 years relevant actuarial experience and attainment of Associate within the Society of Actuaries
- Experience performing complex work assignments using actuarial modeling software driven models for pricing, valuation, and/or risk management
- Experience presenting 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
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