Apply on Employer Site

USAA · 1 day ago

Director, Life Actuary – Life Company Valuation

San Antonio Home Office I

Full-time

Onsite

Senior Level, Lead/Staff

$165K/yr - $306K/yr

8+ years exp

USAA is seeking a seasoned Life and Annuity Actuary for the position of Director, Life Actuary, where they will lead the Life or Annuity Reserving, Forecasting, and Regulatory Reporting team. The role involves managing a team, overseeing actuarial activities, ensuring compliance with regulations, and implementing process improvements to promote efficient operations.

BankingFinancial ServicesInsuranceVenture Capital

No H1B

Responsibilities

Oversee and analyzes existing workflow and processes by organizing and integrating resources and systems

Implements and monitors processes and performance standards and proactively identifies opportunities to promote continuous efficient and effective operations

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

Provides guidance and supports actuarial modeling software driven models and maintains understanding of current systems impacting employees and business operations

Analyzes process efficiency and recommends model adjustments and improvements, when appropriate

Analyzes model input parameters and recommends adjustments

Ensures compliance with policies, procedures, and state and federal regulations

Reviews competitive analyses and actuarial regulatory correspondence and filings for accuracy

Ensures work products comply with the guidelines of the American Academy of Actuaries and Actuarial Standards of Practice

Analyzes industry trends and provides recommendations regarding changes related to relevant products, premiums, FIT and regulations

Builds and oversees a team of employees for assigned functional area through ongoing execution of recruiting, development, retention, coaching and support, performance management, and managerial activities

Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures

Qualification

Moody's AXISValuationForecastingFellow of the Society of ActuariesActuarial Standards of PracticeRegulatory complianceTeam leadershipInnovative thinkingRisk managementCoachingDevelopmentCommunication 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. (Total of 12 years of experience without bachelor's degree)

8 years of progressive actuarial related experience

3 years of 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

Demonstrated holistic understanding of the business operations and analytics with ability to communicate clearly to influence business strategies and solutions with key stakeholders

Experience conceptualizing innovative approaches to actuarial studies and financial models and driving innovation to team members