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
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