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Experienced Life and Annuity Actuary - Remote - Tampa Florida
Company: USAA Location: Tampa, Florida
Posted On: 04/25/2024
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 OpportunityAs a dedicated Experienced Life and Annuity Actuary, you will work on the Life Actuarial Valuation team in USAA's Chief Financial Office. They will work to develop models, calculators, tools, processes, and controls for Deposit Asset Accounting, Life Reinsurance Current Expected Credit Losses (CECL), and Risk Based Capital (RBC).This position can work remotely in the continental U.S. with occasional business travel.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; OR 12 years relevant actuarial experience and attainment of Associate within the Society of Actuaries.
- 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:
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