Actuary - USAA
Company: USAA
Location: Colorado Springs
Posted on: May 3, 2024
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Job Description:
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 Opportunity 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. This position can
be based in one of the following locations: Colorado Springs, CO,
Phoenix, AZ, Tampa FL or San Antonio, TX. Relocation assistance IS
available for this position. What you'll do: Establish and may
oversee appropriate statistical plans, analytical tools, and
requirements for analyzing the experience of various products
classification systems, rating plans, reserves, and catastrophes.
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. May make adjustments and improvements to
models, when appropriate. 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. Creatively approach problems
and issues from a wide range of perspectives to determine
innovative techniques. Author and develop innovative solutions to
business initiatives. Responsible for training junior members on
change/improvement. Performs highly complex analysis/design, coding
and testing in support of project responsibilities. Serve as a
resource to team members on escalated issues of an unusual nature.
Develop and manage requirements to deliver agile business changes,
exceptional member experiences, and/or integrated solutions. Define
business problems and develops business artifacts. Strategically
partner with IT to influence the design, alignment, and
implementation of technical business standards. Represent USAA's
interest at industry level committee meetings. 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. What you have: 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. Strong communication/presentation
skills to include demonstrated experience effectively delivering
key messages to stakeholders. What sets you apart: P&C
insurance industry experience Experience in reporting, scenario
building, and forecasting written premiums Strong attention to
detail and process oriented US military experience through military
service or a military spouse/domestic partner 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. What we offer: 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. The actual salary
for this role may vary by location. The salary range for this
position is: $158,960 - $303,830. 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. Additionally, our career path planning
and continuing education assists employees with their professional
goals. For more details on our outstanding benefits, please visit
our benefits page on USAAjobs.com. Applications for this position
are accepted on an ongoing basis, this posting will remain open
until the position is filled. Thus, interested candidates are
encouraged to apply the same day they view this posting. USAA is an
Equal Opportunity Employer. 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. --s-p-m1-- By
applying, you consent to your information being transmitted by
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data processor SonicJobs. See USAA Privacy Policy at
https://www.usaa.com/privacy/ and SonicJobs Privacy Policy at
https://www.sonicjobs.com/us/privacy-policy and Terms of Use at
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Keywords: USAA, Highlands Ranch , Actuary - USAA, Accounting, Auditing , Colorado Springs, Colorado
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