Actuary - Health (Remote)

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. We are seeking a qualified Life Actuary to join our diverse team. The ideal candidate will possess strong risk management skills, with a particular focus on

Interest Rate Risk Management

and broader

financial risk

experience. Key responsibilities will include experience in

Asset-Liability Management (ALM) , encompassing liquidity management, asset allocation, cashflow matching, and duration targeting. You will also be responsible for conducting

asset adequacy testing

to ensure the sufficiency of assets to meet future obligations. Furthermore, an understanding of

Risk-Based Capital (RBC) frameworks and methodologies is required. Proficiency with

actuarial software platforms

, with a strong preference for

AXIS

, is highly advantageous.

We offer a flexible work environment that requires an individual to be

in the office 4 days per week.

Relocation assistance is

not

available for this position.

Performs complex work assignments using 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 and monitors industry communications regarding potential changes to existing laws and regulations. Runs models, generates reports, and presents recommendations and detailed analysis of all model runs to Actuarial Leadership. Shares knowledge with team members and serves as a resource to team on raised issues and navigates obstacles to deliver work product. Leads or participates as a key resource on moderately complex projects through concept, planning, execution, and implementation phases with minimal guidance, involving cross functional actuarial areas. Develops exhibits and reports that help explain proposals/findings and provides information in an understandable and usable format for partners. Identifies and provides recommended solutions to business problems independently, often presenting recommendation to leadership. Maintains accurate 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. Advises management on issues and serves as a primary resource for their individual team members on raised issues. Ensures risks associated with business activities are identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Bachelor’s degree; 4 years relevant actuarial or analytical experience and attainment of Fellow within the Society of Actuaries; OR 8 years relevant actuarial experience and attainment of Associate within the Society of Actuaries. ~ Experience performing complex work assignments using actuarial modeling software driven models for pricing, valuation, and/or risk management. ~ Experience presenting complex actuarial analysis and recommendations to technical and non-technical audiences.

Asset-Liability Management (ALM):

Experience in ALM, including expertise in liquidity management, asset allocation, cashflow matching, and duration targeting. Asset Adequacy Testing:

Experience conducting asset adequacy testing to ensure the sufficiency of assets to meet future obligations. Experience in pricing financial products, with a particular emphasis on annuity products. Risk-Based Capital (RBC):

Experience with risk-based capital frameworks and methodologies. Actuarial Software Proficiency:

Familiarity with actuarial software platforms. Actuarial Designations:

Attainment of Society of Actuaries Associateship (ASA) or Fellowship (FSA).

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.