Life Actuary Senior - Annuity Pricing Team - Life Company AZ
Company: USAA
Location: Phoenix
Posted on: May 17, 2024
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Job Description:
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
We have an opportunity for a dedicated Life Actuary Senior owns the
regular pricing of fixed deferred and immediate annuity products as
well as fixed indexed annuities, deferred income annuities and
structured settlement annuities. The role involves working
strategically with Product management, distribution and reinsurance
for product pricing, product development and product
implementation.
This role coordinates, prepares, and performs actuarial analyses
required to develop new products, project future results, reprice
existing products, and/or determine financial strength, while also
mentoring junior members of the team in these key disciplines.
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 San
Antonio, TX; Colorado Springs, CO.; Tampa, FL.; Phoenix, AZ. or can
work Remotely in the continental U.S. with occasional business
travel. Relocation assistance is NOT available for this
position.
What you'll do:
Performs complex and often unique work assignments utilizing
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. Monitors industry
communications regarding potential changes to existing laws and
regulations.
Shares 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.
Serves as a Subject Matter Expert in one or more key areas, such as
Product Pricing, Reserving, Economic Capital, Modeling, Asset
Liability Management, etc.
Leads a project team on complex assignments through concept,
planning, execution, and implementation phases involving cross
functional actuarial areas.
Develops exhibits and reports that help explain proposals/findings
and provides information in an understandable and usable format for
stakeholders.
Identifies and provides recommended solutions to business problems
independently, often presenting recommendation to leadership.
Maintains proper 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.
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 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 (Without Bachelors 10 years of experience and
FSA); OR 12 years relevant actuarial experience and attainment of
Associate within the Society of Actuaries (Without Bachelors -16
years of experience and ASA).
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.
What sets you apart:
US military experience through military service or a military
spouse/domestic partner
FSA (Fellow of the Society of Actuaries) Designation
3 or more years of Annuity Pricing Experience
Experience with Moody's Analytics AXISTM
Experience with Python coding, especially converting excel VBA
applications to Python.
Experience with automating manual processes using VBA or other
Software.
Fixed Index Annuity experience a plus
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: $138,230 -
$264,200.
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.
Keywords: USAA, Sun City , Life Actuary Senior - Annuity Pricing Team - Life Company AZ, Accounting, Auditing , Phoenix, Arizona
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