Lead Actuary (remote)

San Antonio Home Office I

Full time

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

We are seeking a credentialed Actuary Lead to join the Climate Risk and Exposure Analytics team at USAA . This role serves as the analytical and thought leader for USAA's Concentration of Risk framework, translating catastrophe risk, exposure concentration, growth trends, and capital impacts into actionable business strategies that balance member service, profitability, and association-level risk management. It requires proactive identification, quantification, and management of concentrations of risk through innovative analytics, effective business partnerships, and sound risk governance. The ideal candidate combines catastrophe risk expertise, actuarial rigor, innovation, business partnership and communication, and executive influence to help ensure that growth occurs in a way that is sustainable, profitable, and aligned with USAA's risk appetite, while also keeping USAA’s mission to be the provider of choice for the military community in focus throughout this work. 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 four days per week based in one of the following locations: Relocation assistance is not available for this position.

Apply deep and broad actuarial knowledge to identify, define, and design solutions to complex problems with ambiguous requirements (e.g., data selection, model selection, stakeholder communications, performance monitoring, etc.); independently run catastrophe models for advanced ad-hoc analyses; provides guidance and training to peers for running and validating the catastrophe models; enhances current methodologies to tailor catastrophe model results to better represent USAA's risk; designs and performs broad and complex actuarial analyses that produces actionable insights for company-level decision-making designs reserving methodology and technical platform for new product.

Utilize advanced actuarial, mathematical, or statistical techniques to augment actuarial work product, methodologies, and procedures.

Lead special actuarial projects, such as the development of new pricing methodologies or reporting tools to impact LOB-level initiatives.

Provide thought and/or technical expertise on complex topics and influences key stakeholders on business decisions.

Lead cross-functional actuarial initiatives.

Strategically partner with IT to influence the design, alignment, and implementation of technical business standards.

Manage USAA vendor relationship(s).

Assist the business unit by translating strategic objectives into tactical solutions.

Maintain current knowledge of market trends and emerging risks and proactively develop strategies, policies, and processes to address them.

Develop written communication and presentations that effectively convey data-driven solutions to broad audiences including cross-functional executive leadership.

Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Own the Concentration of Risk (CoR) Framework

Evaluate and enhance concentration metrics, thresholds, mitigators, and risk indicators.

Ensure framework remains aligned with association's catastrophe risk appetite, profitability objectives, and capital management strategy.

Analyze optimal book-shaping trade-offs by understanding high risk drivers and working to balance “the member” vs. “Explore predictive applications that improve early warning detection and identification of hidden concentrations.

Continuously challenge assumptions, model limitations, and existing methodologies in contributing to the ideal goal of roof-top determination of risk acceptability and projected rate health on request of a quote.

Partner with catastrophe modeling and climate science teams to incorporate evolving views of risk.

Influence Business Decisions

Present concentration risk findings to State Managers ("Go To Market") and relevant senior executives (including Pricing and Underwriting).

Translate complex catastrophe analytics into actionable business recommendations.

Quantify tradeoffs among growth, profitability, member service, and risk exposure, working to communicate this balance in ways that are compelling to multiple stakeholders and decision-makers.

Lead Cross-Functional Risk Mitigation

Partner with Pricing, Underwriting, Competitive Intelligence, and Go-To-Market teams to evaluate mitigation options.

Support decision-making on action plans versus risk acceptance proposals.

Govern Enterprise Concentration Risk

Monitor enterprise concentration trends and emerging risk concentrations.

Maintain reporting for risk indicators, tail-list counties, counties that breach countrywide thresholds, and early warning counties.

Bachelor's degree; 8 years of Actuarial or analytical business experience + Associate of the Casualty Actuarial Society (ACAS) Credential held for 3 years; OR 6 years of Actuarial or analytical business experience + Fellow of the Casualty Actuarial Society (FCAS) Credential.

• Demonstrated expertise with relevant actuarial, mathematical, and statistical techniques and approaches used to support fact-based decision-making.
• Advanced knowledge of data analysis tools, data visualization, developing analysis queries and procedures in Python, R, SQL, SAS, BI tools or other analysis software, and relevant industry data & methods and ability to connect external insights to business problems.
• Demonstrated experience communicating complex solutions and analysis to cross-functional audiences, including executive leadership.

FCAS, ACAS with substantial post-credential experience, or equivalent actuarial expertise.

Deep understanding of property insurance risk drivers and catastrophe exposure management.

Experience with catastrophe models, capital management, profitability analytics, or enterprise risk management.

Curiosity to explore emerging catastrophe, climate, geographic, and underwriting risk signals.

Ability to connect technical concepts to strategic business outcomes.

Business Partnership & Influence

Experience partnering with underwriting, product, pricing, finance, risk, and executive leadership teams.

Ability to balance analytical rigor with practical business considerations.

Climate risk analytics exposure.

Experience leading enterprise risk governance initiatives.

US military experience gained through military service or gained as a military spouse / domestic partner

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. 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. Applications for this position are accepted on an ongoing basis, this posting will remain open until the position is filled. 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.

If you are an existing USAA employee, please use the internal career site in OneSource to apply.

USAA is unlike any other financial services organization. The mission of the association is to facilitate the financial security of its members, associates and their families through provision of a full range of highly competitive financial products and services; in so doing, USAA seeks to be the provider of choice for the military community. We do this by upholding the highest standards and ensuring that our corporate business activities and individual employee conduct reflect good judgment and common sense, and are consistent with our core values of service, loyalty, honesty and integrity.

USAA attributes its long-standing success to its most valuable resource: our 35,000 employees. They are the heart and soul of our member-service culture. When you join us, you'll become part of a thriving community committed to going above for those who have gone beyond: the men and women of the U.S. military, their associates and their families. In order to play a role on our team, you don't have to be connected to the military yourself – you just need to share our passion for serving our more than 13 million members.

USAA is an EEO/AA Employer - applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.

California applicants, please review our HR CCPA - Notice at Collection ( here.

USAA is an EEO/AA Employer - applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.