Life Actuarial Analyst

Posted today

usaaDenver (CO)

Actuaries Direct Life Insurance Carriers

SENIORITY

Senior

SALARY

$69,920 - $133,620 per year

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About the role

Why USAA?At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted advice. We seek to be the #1 choice for the military community and their families. Embrace a fulfilling career at USAA, where our core values - honesty, integrity, loyalty and service - define how we treat each other and our members. Be part of what truly makes us special and impactful. We are proud to support active-duty military spouses. USAA roles may offer remote or hybrid flexibility for active-duty military spouses consistent with applicable policy and business needs.

The Opportunity: As a dedicated Life Actuarial Analyst on the Life Company's Annuity Pricing Team you will involve pricing of deferred fixed, indexed and immediate annuities. This role will also involve custom quoting of structured settlements as well as analysis of areas related to pricing and selling new business. Coordinates, prepares, and performs actuarial analyses required to develop new products, project future results, reprice existing products, and/or determine financial strength. We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: San Antonio, TX, Plano, TX, or Charlotte, NC.Relocation assistance is not available for this position.

What you'll do:

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.
Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.
What you have:
Bachelor's degree; OR 4 years of relevant education and/or 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.
What sets you apart:
Experience with pricing annuities or life insurance using pricing software (AXIS, etc).Experience building analytical tools using applications such as excel VBA, Python, SQL, etc.
Excellent verbal and written communication skills, with the ability to tailor the content for varying audiences.
Strong aptitude for problem solvingUS military experience through military service or a military spouse/domestic partner

Compensation range: The salary range for this position is: $69,920-$133,620.USAA does not provide visa sponsorship for this role. Please do not apply for this role if at any time (now or in the future) you will need immigration support (i.e., H-1B, TN, STEM OPT Training Plans, etc.).

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

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, 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.

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