Hybrid Life Actuary

Posted last month

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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

Job title

Life Actuary

Job type

Experience level

Mid levelSenior

Salary

$127,310 - $243,340 per year

Degree requirement

Bachelor's Degree

Location requirements

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