Contract Actuary - Phoenix Arizona

Company: USAA
Location: Phoenix, Arizona
Posted On: 05/02/2024

Why USAA?
Why USAA?
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. Your work may include coordinating, preparing and performing expert level actuarial analyses required to develop new products, project future results, reprice existing products, and/or determine financial strength.
Auto Pricing Modernization is looking for a lead Actuary to lead the development and deployment of the new Auto class plan, utilizing pricing, product, and modeling skillsets to shape the future of auto pricing.
This position can work remotely in the continental U.S. with occasional business travel.
Participate in short term and long-term planning activities and assists in setting objectives for these plans by making forecasts and projections and developing strategies to support the company mission and goals in the areas of product development, pricing, catastrophe management, reinsurance, modeling, or reserving
Utilize advanced actuarial modeling software driven models for pricing, valuation, and/or risk management to develop new products, project future results, reprice existing products, and/or determine financial strength. Monitor competitive market, industry trends, and professional research to maintain knowledge of current activities related to products, regulation, market conditions, and to achieve financial and market goals.
Responsible for training junior members on change/improvement. Performs highly complex analysis/design, coding and testing in support of project responsibilities.
Develop and manages requirements to deliver agile business changes, exceptional member experiences, and/or integrated solutions.
Strategically partner with IT to influence the design, alignment, and implementation of technical business standards.
Provides data to other departments, useful for their management purposes, from actuarial data systems.
Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Bachelor's degree; OR 4 years of related Actuarial/business/analytical experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
-8 years Actuarial/business/analytical experience + Associate of the Casualty Actuarial Society (ACAS) held for 5 years; OR 6 years Actuarial/business/analytical experience +Fellow of the Casualty Actuarial Society (FCAS).
- Experience in developing and delivering Innovative Actuarial Analyses/Processes.
- Demonstrated experience and application of industry best practices in metric development/monitoring.
- A passion for creative and innovative actuarial work and developing that mindset in less experienced analysts through projects related to this work
Expert Actuarial pricing expertise with experience in using a variety of pricing methodologies and models
Strong experience translating detailed analytics into manageable visualizations and communicating/presenting the results concisely to executive leadership
Experience working on multiple projects, managing competing priorities, and prioritizing workflow through strong partnerships with multiple business partners.
Working knowledge of data analytic tools and Python/R/SQL or other language and high level of ability to oversee others in their use of these tools
US military experience through military service or a military spouse/domestic partner

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. 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. Applications for this position are accepted on an ongoing basis, this posting will remain open until the position is filled. 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. More...

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