Life and Annuity Principle -Based Reserve Lead

Why USAA?

At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted advice. We seek to be the #1 choice for the military community and their families.

Embrace a fulfilling career at USAA, where our core values – honesty, integrity, loyalty and service – define how we treat each other and our members. Be part of what truly makes us special and impactful.

We are proud to support active-duty military spouses. USAA roles may offer remote or hybrid flexibility for active-duty military spouses consistent with applicable policy and business needs.

The Opportunity

As a dedicated Life and Annuity Principle-Based Reserving Life Actuary Lead, you will be responsible for technical leadership and process implementation for the calculation, reporting, and forecasting of Life and Annuity Principle-Based Reserves. They will work with the leaders of the Life and Annuity reserving and forecasting teams to ensure that we are compliant with the NAIC valuation manual while creating the processes and controls to optimize these deliverables.

Coordinates, prepares, and performs highly complex or specialized actuarial analyses required to develop new products, project future results, re-price existing products, and/or determine financial strength, while also mentoring junior members of the team in these key disciplines.

This role is remote eligible in the continental U.S. with occasional business travel. However, individuals residing within a 60-mile radius of a USAA office will be expected to work on-site [add LOB appropriate number three or four] days per week.

Relocation assistance is not available for this position.

What you'll do:

• Performs the most complex and unique work assignments that require a high degree of technical expertise 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.
• Oversees model runs and the generation of reports and presents comprehensive analysis of all model runs to Senior Leadership.
• Makes comprehensive recommendations for model adjustments and improvements, when appropriate.
• Applies a holistic understanding of the business operations and analytics to influence business strategies and solutions.
• Manages the most complex projects involving cross-functional actuarial areas and across the enterprise.
• Leads project team through concept, planning, execution, and implementation phases.
• Defines and outlines new approaches to resolution.
• Anticipates, directs, organizes, and oversees the development of reporting resources, and works to improve reporting processes and controls. Reviews and produces reporting with great attention to detail. Identifies and resolves reporting problems independently.
• Advises senior management on issues and serves as a primary resource for cross functional team members on escalated issues of a unique nature.
• Leads and directs model or process governance, integrity, quality, and validation functions utilizing expert knowledge of the business, its products, and processes.
• 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.

• 8 years actuarial experience and attainment of Fellow within the Society of Actuaries; OR 16 years relevant actuarial experience and attainment of Associate within the Society of Actuaries.
• Experience advising senior management on issues and serving as a primary resource for cross functional team members on escalated issues of a unique nature.
• Demonstrated holistic understanding of the business operations and analytics with ability to communicate clearly to influence business strategies and solutions with key stakeholders.

What sets you apart:

• 5+ years of Moody’s AXIS experience
• 3+ years of VM-20 knowledge
• 2+ years of experience creating the VM-31 report
• 1+ year VM-22 knowledge
• US military experience through military service or a military spouse/domestic partner

Compensation range: The salary range for this position is: $164,780-$314,960.

USAA does not provide visa sponsorship for this role. Please do not apply for this role if at any time (now or in the future) you will need immigration support (i.e., H-1B, TN, STEM OPT Training Plans, etc.).

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.

Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.

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.

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, 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.