Remote Actuary

Company: USAA
Location: Phoenix
Posted on: April 28, 2024

Job Description:

Why USAA?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. As a dedicated Experienced Life and Annuity Actuary, you will work on the Life Actuarial Valuation team in USAA's Chief Financial Office. They will work to develop models, calculators, tools, processes, and controls for Deposit Asset Accounting, Life Reinsurance Current Expected Credit Losses (CECL), and Risk Based Capital (RBC).

This position can work remotely in the continental U.S. with occasional business travel.
Performs complex and often unique work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
Serves as a Subject Matter Expert in one or more key areas, such as Product Pricing, Reserving, Economic Capital, Modeling, Asset Liability Management, etc.
Leads a project team on complex assignments through concept, planning, execution, and implementation phases involving cross functional actuarial areas.
Develops exhibits and reports that help explain proposals/findings and provides information in an understandable and usable format for stakeholders.
Maintains proper price level, price structure, data availability and other requirements to achieve profitability and competitive goals.
Tests impact of assumptions by identifying sources of gain and loss, the appropriate premiums, interest margins, reserves, and cash values for profitability and viability of new and existing products.
Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Bachelor's degree; 6 years actuarial experience and attainment of Fellow within the Society of Actuaries; OR 12 years relevant actuarial experience and attainment of Associate within the Society of Actuaries.
- Subject Matter Expert in one or more key areas, such as Product Pricing, Reserving, Economic Capital, Modeling, Asset Liability Management, etc.
- Experience leading a project team on complex assignments through concept, planning, execution, and implementation phases involving cross functional actuarial areas.
- Demonstrated experience preparing effective documentation, facilitating training and development, and presenting to various levels of management.


Proficient in Python or R
Deposit Asset Accounting experience
Able to translate actuarial and accounting concepts into proficient and portable code
Experience with projecting RBC
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.

Keywords: USAA, Sun City West , Remote Actuary, Accounting, Auditing , Phoenix, Arizona