Job Description

Life Actuarial Solutions Analyst Senior at USAA summary:

The Life Actuarial Solutions Analyst Senior at USAA supports actuarial functions by extracting, transforming, validating, and analyzing life insurance data to improve modeling and financial reporting. This role involves developing technical solutions for pricing, reserving, product development, and regulatory compliance while leading related projects and ensuring data accuracy. The position requires strong analytical skills, experience with programming (e.g., SQL), and familiarity with actuarial processes in the insurance sector.

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.

The Opportunity

As a dedicated Life Actuarial Solutions Analyst Senior to join the Life Company’s Modeling Operations Team. The Life Modeling Operations Team is a diverse team that supports the complex life actuarial modeling ecosystem, which consumes data from multiple sources across USAA to support actuarial functions. Your role also supports Life/Annuity/Health actuarial work through one or more of the following activities: data extraction, data transformation, validation and analysis, and system functionality oversight and integration. Responsible for providing technical and analytical solutions for one or more of the following functions: pricing and product development, experience studies, actuarial assumption reviews, reserve calculations, financial reporting, asset liability management or competitive analysis.

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.

What you'll do:

• Independently extracts, integrates and transforms data from a multitude of sources, and may identify new sources.
• Reconciles and validates data accuracy, and reasonability of actuarial or financial information.
• Prepares reports, reserve estimates, journal entries, financial statements, industry surveys and/or special studies, analyzes data, and recommends solutions.
• Develops comprehensive and innovative solutions that impact productivity to improve actuarial tools and processes.
• Resolves unique and complex issues and navigates obstacles to deliver work product.
• Develops cost benefit analysis.
• Provides insight to management on issues and serves as a resource to team members on escalated issues of an unusual nature.
• Leads projects related to actuarial solutions including automation, IT projects, or product development initiatives.
• Oversees requirement development process through testing and implementation.
• Demonstrates in depth understanding to identify and resolve issues or potential defects.
• Maintains processes, procedures and tools, and ensures all regulatory requirements and internal controls are adhered to.
• Works with business partners to understand key regulatory implications that impact processes, and may develop processes to comply with new or changing regulations.
• May respond to audit requests and oversees coordination of responses to internal and external audit, such as Department of Insurance examination, as well as, other audit reports.
• Anticipates and analyzes trends or deviations from forecast, plan or other projections.
• Presents recommendations and communicates solutions to business partners and management in a clear, concise, logical and organized manner.
• 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.
• 6 or more years of technical experience as an analyst or other relevant technical work experience.

What sets you apart:

• Bachelor’s degree in mathematics, computer science, statistics, economics, finance, actuarial science, or other similar quantitative field
• Experience with SQL or similar programming languages
• Experience working in IT for a life insurance company
• Experience supporting projects for actuarial or modeling functions
• Excellent verbal and written communication skills, with the ability to tailor the content for varying audiences.
• Strong aptitude for problem solving and technology
• Quick learner, self-starter, and ability to work well autonomously and with others.
• US military experience through military service or a military spouse/domestic partner

Compensation range: The salary range for this position is: $93,770 - $168,790 .

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.

Keywords:

life actuarial analyst, actuarial modeling, data analysis, insurance pricing, reserve calculations, financial reporting, SQL programming, product development, risk management, life insurance

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