Life Actuarial Analyst

Purpose of Job

We are currently seeking talented Life Actuarial Analyst I for our San Antonio, TX, Phoenix, AZ, Tampa, FL, Colorado Springs, CO or Chesapeake, VA facility.

Coordinates, prepares and performs actuarial analyses required to develop new products, project future results, reprice existing products, and/or determine financial strength. Performs moderately complex work assignments and problem resolution under limited supervision.

Job Requirements

  • Under minimal supervision, performs routine to moderately 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 appropriate.
  • Resolves issues and identifies appropriate issues for escalation.
  • Partners and serves as a key resource on projects involving cross functional actuarial areas.
  • Produces reports independently with appropriate attention to detail.
  • Identifies and resolves reporting problems with minimal guidance.
  • Maintains proper price level, price structure, data availability and other requirements to achieve profitability and competitive goals.
  • Monitors critical experience areas and identifies unfavorable trends.
  • Identifies sources of gain and loss by product and assumption.
  • Tests impact of assumptions and the appropriate premiums, interest margins, reserves, and cash values for profitability and viability of new and existing products.

Minimum Requirements

  • Bachelor's Degree or 4 additional years of related experience beyond the minimum required may be substituted in lieu of a Degree
  • 4 + years relevant business or analytical experience
  • 3 or more Society of Actuaries exams completed
  • Successful completion of a job-related assessment may be required

Preferred

  • Experience with Model Governance including documentation and Federal Reserve SR 11-7
  • Experience with Life Insurance Models
  • Experience with Investment Models
  • Experience with Financial Planning Models
  • Understand Six Sigma process management

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.