Director, Life Actuary - Full-time / Part-time

Why USAA?Why USAA?

Let’s do something that really matters.

At USAA, we have an important mission: facilitating the financial security of millions of U.S. military members and their families. Not all of our employees served in our nation’s military, but we all share in the mission to give back to those who did. We’re working as one to build a great experience and make a real impact for our members.

We believe in our core values of honesty, integrity, loyalty and service. They’re what guides everything we do – from how we treat our members to how we treat each other. Come be a part of what makes us so special!The Opportunity

The Opportunity

As a dedicated Director, Life Actuary, you will use actuarial modeling expertise to lead all aspects of the Assumptions Team, which provides experience studies, actual-to-expected monitoring, and actuarial assumptions to actuarial users in USAA Life Insurance Company. They will advise a small team consisting of actuaries, actuarial students, and/or actuarial solutions analysts who support the development of experience studies and assumptions.

We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position will be based in San Antonio, TX.

Relocation assistance is available for this position.

What you'll do:

• Lead all aspects of and analyze existing workflow and processes by organizing and coordinating resources and systems.

• Implement and monitor processes and performance standards and proactively identify opportunities to promote continuous efficient and effective operations.

• Provide team oversight on efforts to coordinate, prepare, and perform actuarial analyses in the development of rates, pricing strategies, financial models, or financial forecasts.

• Provide guidance and support actuarial modeling software driven models and maintains understanding of current systems impacting employees and business operations.

• Analyze process efficiency and recommend model adjustments and improvements, when appropriate.

• Analyze model input parameters and recommend adjustments.

• Ensure compliance with policies, procedures, and state and federal regulations.

• Review competitive analyses and actuarial regulatory correspondence and filings for accuracy.

• Ensure work products align with the guidelines of the American Academy of Actuaries and Actuarial Standards of Practice.

• Analyze industry trends and provide recommendations regarding changes related to relevant products, premiums, FIT and regulations.

• Build and leads all aspects of a team of employees for assigned functional area through ongoing execution of recruiting, development, retention, coaching and support, performance management, and managerial activities.

• Ensure risks associated with business activities are identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

What you have:

• 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.

• Minimum 8 years' progressive actuarial related experience.

• Minimum 3 years' direct team lead or management experience.

• Fellow of the Society of Actuaries OR completed all requirements to obtain Fellowship except for the Fellowship Modules and or the Fellowship Admissions Course (FAC).

• Knowledge of applicable policies, procedures, and state and federal regulations.

• Knowledge of guidelines of the American Academy of Actuaries and Actuarial Standards of Practice.

• Holistic understanding of the business operations and analytics with ability to communicate clearly to influence business strategies and solutions with key partners.

• Experience conceptualizing innovative ways to actuarial studies and financial models and driving innovation to team members.

What sets you apart:

• Experience developing life, health, or annuity actuarial assumptions.

• Meets the definition of “qualified actuary” as described in Valuation Manual definitions section (VM-01)

The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.

What we offer:

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 data of the position. The actual salary for this role may vary by location. The salary range for this position is: $158,960.00 - $286,130.00.

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

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.

For more details on our outstanding benefits, please visit our benefits page on USAAjobs.com.

Applications for this position are accepted on an ongoing basis, this posting will remain open until the position is filled. Thus, interested candidates are encouraged to apply the same day they view this posting.

 

USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.