Associate Actuary
Company: USAA
Location: Phoenix
Posted on: April 24, 2024
Job Description:
Why USAA? 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 Associate Actuary, you will be part of one of
several teams within the areas of Auto Pricing, Property Pricing,
or P&C Actuary Data Modernization. You will coordinate, prepare
and perform advanced actuarial analyses required to develop new
products, project future results, reprice existing products, and/or
determine financial strength.
This position can work remotely in the continental U.S. with
occasional business travel. The Opportunity What you'll do:
- Establish appropriate statistical plans, analytical tools, and
requirements for analyzing the experience of various products
classification systems, rating plans, reserves, and
catastrophes.
- Assist in setting pricing objectives 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, or reserving.
- Utilize 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 innovative
alternatives to achieve financial and market goals.
- Creatively approach problems and issues from a wide range of
perspectives to determine innovative techniques.
- Champion and implements innovative solutions to business
initiatives. Responsible for training team members on
change/improvement.
- Exhibit advanced knowledge of actuarial and business concepts
provide innovative solutions and creatively solve business
problems.
- 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 for a total of 8 years of
experience) may be substituted in lieu of degree.
- 4 years Actuarial/business/analytical experience + Associate of
the Casualty Actuarial Society (ACAS).
- Experience in developing Innovative Actuarial
Analyses/Processes.
- Experience in metric development/monitoring.
- Strong communication/presentation skills.What sets you apart:
- Since this posting may fill multiple diverse roles, to help
identify the perfect fit, the candidate may meet 1 or more of the
following criteria: experience of new product personal lines
pricing and/or experience building and interpreting Generalized
Linear Models (GLMs) and/or a background in California Property
Pricing
- Strong Actuarial pricing expertise with experience in using a
variety of pricing methodologies and models.
- Experience translating detailed analytics into manageable
visualizations and communicating/presenting the results concisely
to executive leadership.
- Experience working on multiple projects, managing competing
priorities, and prioritizing workflow through strong partnerships
with multiple business partners.
- Working knowledge of data analytic tools and Python/R/SQL or
other language.
- Demonstrable problem-solving, critical thinking, and analytical
skills.
- Ability to work in one of the following office locations if you
currently reside within 60 miles of the location: San Antonio, TX,
Phoenix, AZ, Colorado Springs, CO, Tampa, FL, Chesapeake, VA,
Charlotte, NC.
- US military experience through military service or a military
spouse/domestic partnerThe 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: $120,550 - $230,400.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 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: USAA, Phoenix , Associate Actuary, Accounting, Auditing , Phoenix, Arizona
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