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USAA Life Actuarial Analyst – Life Company (Remote Or Hybrid) in San Antonio, Texas

Purpose of Job

We are currently seeking a talented Life Actuarial Analyst within the Life Company. Position will participate in USAA Life's Actuarial Student Program and will rotate roles throughout the department starting with the Asset Liability Management (ALM) Team. This position is open to working Remote or a Hybrid work schedule from the San Antonio campus.

Coordinates, prepares, and performs actuarial analyses required to develop new products, project future results, reprice existing products, and/or determine financial strength.

Job Requirements

Tasks:

  • Identifies and manages existing and emerging risks that stem from business activities and the job role.

  • Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled.

  • Follows written risk and compliance policies, standards, and procedures for business activities.

  • Performs routine work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.

  • Responsible for data compilation and analytical support to include entering data and tables, running models, and generating reports.

  • Participates in developing recommendations for model adjustments and improvements, when appropriate.

  • Resolves less complex issues independently, and identifies appropriate issues for escalation.

  • Leveraging established processes, prepares reports, identifies and resolves data and reporting problems.

  • Responsible for maintaining proper price level, price structure, data availability, model, and other requirements to achieve profitability and competitive goals.

  • Monitors critical experience areas and identifies unfavorable trends.

  • Identifies sources of gain and loss by product and assumption.

  • Tests impact of assumptions and the appropriate premiums, interest margins, reserves, and cash values for profitability and viability of new and existing products.

Minimum Requirements:

Minimum Education:

  • 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 4 years without degree)

Minimum Experience:

  • Up to 2 years of relevant business or analytical experience.

  • 2 Society of Actuaries exams completed.

  • Understanding and experience applying data analysis and actuarial techniques.

Preferred Experience:

  • US military service or a military spouse

  • AXIS Actuarial Modeling System experience is a plus

  • 1 or more years of relevant working business or analytical experience

  • Prior Actuarial Life Insurance experience

Compensation:

USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this position is: $66,300 – $119,500 .

Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.

*Geographical Differential : Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.

Shift premium will be addressed on an individual basis for applicable roles that are consistently scheduled for non-core hours.

Benefits:

At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include 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, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.

Please click on the link below for more details.

USAA Total Rewards (https://hrportal.ehr.com/usaa/Prospective-Employees)

Relocation assistance is NOT available for this position.

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