Contract Actuary - Phoenix Arizona

Company: USAA
Location: Phoenix, Arizona
Posted On: 04/27/2024

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. As a dedicated Actuary supporting P&C Personal Lines, you will be accountable for ensuring an accurate Direct Internal Revenue forecast which reflects our USAA strategy. You will closely partner with Product Management leadership and their business partners to gather assumptions and inputs, assemble scenario estimates, and present and submit the final revenue forecast. In addition, you will be responsible for monthly revenue performance reporting and ad hoc analysis.

You will coordinate, prepare, and perform expert level 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. Relocation assistance IS available for this position.

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 manage 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.

- Experience in reporting, scenario building, and forecasting written premiums

- 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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