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USAA · 9 hours ago

Life Actuary

San Antonio, TX

Full-time

Onsite

Mid, Senior Level

$127K/yr - $243K/yr

4+ years exp

USAA is dedicated to empowering its members with financial security through competitive products and exceptional service. The Life Actuary will focus on risk management, particularly in Interest Rate Risk Management, and will be responsible for asset-liability management, asset adequacy testing, and product pricing.

BankingFinancial ServicesInsuranceVenture Capital

No H1B

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; and 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

Qualification

ASA designationFSA designationAsset-Liability ManagementProduct PricingRisk-Based CapitalActuarial Software ProficiencyRisk ManagementAnalytical SkillsCommunication Skills

Required

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

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

Preferred

Experience in Asset-Liability Management (ALM), including expertise in liquidity management, asset allocation, cashflow matching, and duration targeting

Experience conducting asset adequacy testing to ensure the sufficiency of assets to meet future obligations

Experience in pricing financial products, with a particular emphasis on annuity products

Experience with risk-based capital frameworks and methodologies

Familiarity with actuarial software platforms. Experience with AXIS is considered a significant advantage

Attainment of Society of Actuaries Associateship (ASA) or Fellowship (FSA)