Purpose of Job We are currently seeking a Life Actuary for our
Asset Liability Management team within the USAA Life Insurance
Company. This role can be located in San Antonio, Phoenix, Colorado
Springs or Tampa Office or 100% remote work environment. The role
will involve AXIS modeling and other analysis related to cash flow
testing, interest rate risk metrics and other aspects of asset
Coordinates, prepares and performs actuarial analyses required
to develop new products, project future results, reprice existing
products, and/or determine financial strength. Performs complex
work assignments and problem resolution under limited supervision.
Job Requirements About USAA
USAA knows what it means to serve. We facilitate the financial
security of millions of U.S. military members and their families.
This singular mission requires a dedication to innovative thinking
at every level.
In each of the past five years, we've been a top-40 Fortune 100
Best Companies to Work For®, and we've ranked among Victory Media's
Top 10 Military Friendly® Employers 13 years straight. We embrace a
robust veteran workforce and encourage veterans and veteran
spouses to apply.
USAA Careers - Award Winning Workplace (17 seconds)
USAA Careers – World Class Benefits (31 seconds)
Under minimal supervision, performs complex work assignments
utilizing actuarial modeling software driven models for pricing,
valuation, and/or risk management.
Enters data and tables, runs models, and generates reports.
May make adjustments and improvements to models, when
Shares knowledge with team members and serves as a resource to
less experienced team members on escalated issues and navigates
obstacles to deliver work product.
Serves as a key resource on projects involving cross functional
Leads moderately complex projects through concept, planning,
execution, and implementation phases with minimal guidance.
Reviews and produces reporting with great attention to
Identifies and resolves reporting problems independently and
improves reporting processes and controls.
Maintains proper price level, price structure, data availability
and other requirements to achieve profitability and competitive
Identifies critical experience areas to monitor and suggest
timely remedies to correct or prevent unfavorable trends.
Identifies sources of gain and loss by product and
Tests impact of assumptions and 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 cross functional team members on escalated issues.
Minimum Requirements :
Bachelor's degree required OR 4 additional years of related
experience beyond the minimum required may be substituted in lieu
of a degree.
4 or more years relevant business or analytical experience.
Attainment of Society of Actuaries Fellowship OR ASA with 4 or
more years of experience.
Successful completion of a job-related assessment may be
*Qualifications may warrant placement in a different job
When you apply for this position, you will be required to answer
some initial questions. This will take approximately 5 minutes.
Once you begin the questions you will not be able to finish them at
a later time and you will not be able to change your responses.
Preferred Requirements :
1 or more years of AXIS modeling experience in workplace
1 or more years of Asset Liability Management experience
1 or more years of Fixed Index Annuity experience
1 or more years of Asset Modeling experience
1 or more years of Cash flow testing experience
Current Fellow of Society of Actuaries (FSA) Credential
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.
At USAA our employees enjoy one of the best benefits packages in
the business, including a flexible business casual or casual dress
environment, comprehensive medical, dental and vision plans, along
with wellness and wealth building programs. Additionally, our
career path planning and continuing education will assist you with
your professional goals.
Relocation assistance is not available for this position.
For Internal Candidates:
Must complete 12 months in current position (from date of hire
or date of placement) or must have manager’s approval prior to
Last day for internal candidates to apply to the opening is
11/10/20 by 11:59 pm CST time .