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USAA · 7 hours ago

Life Actuary Senior

Charlotte, NC

Full-time

Onsite

Senior Level

$143K/yr - $266K/yr

6+ years exp

USAA is dedicated to empowering members to achieve financial security through competitive products and exceptional service. The Life Actuary Senior will lead advanced actuarial analyses and provide strategic insights into reinsurance programs, focusing on optimizing structures to manage risk and enhance profitability.

BankingFinancial ServicesInsuranceVenture Capital

No H1B

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 recommendation 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

Qualification

Actuarial modeling softwareFellow Society of ActuariesProduct PricingReinsurance transactionsEconomic CapitalAsset Liability ManagementProject leadershipTraining facilitationDocumentation preparationCommunication 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

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

Preferred

Detailed knowledge of various types of reinsurance transactions both onshore and offshore spanning both block and new business flow transactions

Experience evaluating the financial, capital, and risk implications of various reinsurance structures, including quota share, YRT, and coinsurance arrangements

Experience designing and implementing models to assess the impact of reinsurance under multiple economic and regulatory scenarios

Experience collaborating with Finance, Risk, Product Development, and Reinsurance Operations teams to integrate reinsurance insights into pricing, financial planning, and business strategy

Experience with preparing and communicating analyses and recommendations to senior management and external partners, including reinsurers and consultants

Experience supporting treaty negotiations and term assessment through data-driven modeling and sensitivity analysis

US military experience through military service or a military spouse/domestic partner