Life Actuary – Open to Remote

Company: USAA
Location: Scottsdale
Posted on: November 20, 2020

Job Description:

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 liability management.

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)

Tasks:

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 appropriate.

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 actuarial areas.

Leads moderately complex projects through concept, planning, execution, and implementation phases with minimal guidance.

Reviews and produces reporting with great attention to detail.

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 goals.

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 assumption.

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 required.

*Qualifications may warrant placement in a different job level*

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 environment

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 posting.

Last day for internal candidates to apply to the opening is 11/10/20 by 11:59 pm CST time .

Keywords: USAA, Scottsdale , Life Actuary – Open to Remote, Other , Scottsdale, Arizona