Hybrid Senior Life Actuary

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About the role

  • Life Actuary Senior performing advanced actuarial analyses for reinsurance programs at USAA. Leading projects and serving as Subject Matter Expert across Life and Annuity portfolios.

Responsibilities

  • Perform complex and often unique work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
  • Review laws and regulations to ensure all processes are compliant and provides recommendations for improvements.
  • Monitor industry communications regarding potential changes to existing laws and regulations.
  • Share knowledge with team members and serves as a key resource to entire team, including leadership, on escalated issues and navigates obstacles to deliver work product.
  • Serve as a Subject Matter Expert in one or more key areas, such as Product Pricing, Reserving, Economic Capital, Modeling, Asset Liability Management, etc.
  • Lead a project team on complex assignments through concept, planning, execution, and implementation phases involving cross functional actuarial areas.
  • Develop exhibits and reports that help explain proposals/findings and provides information in an understandable and usable format for stakeholders.
  • Identify and provides recommended solutions to business problems independently, often presenting recommendations to leadership.
  • Maintain proper price level, price structure, data availability and other requirements to achieve profitability and competitive goals.
  • Identify critical assumptions to monitor and suggest timely remedies to correct or prevent unfavorable trends.
  • Test 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.
  • Ensure 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
  • 6 years actuarial experience and attainment of Fellow within the Society of Actuaries; OR 12 years relevant actuarial experience and attainment of Associate within the Society of Actuaries
  • Subject Matter Expert in one or more key areas, such as Product Pricing, Reserving, Economic Capital, Modeling, Asset Liability Management, etc.
  • Experience leading a project team on complex assignments through concept, planning, execution, and implementation phases involving cross functional actuarial areas.
  • Demonstrated experience preparing effective documentation, facilitating training and development, and presenting to various levels of management.

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

Senior Life Actuary

Job type

Experience level

Senior

Salary

$143,320 - $265,950 per year

Degree requirement

Bachelor's Degree

Location requirements

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