Life Actuarial Analyst II - Life Insurance

Company: USAA
Location: San Antonio
Posted on: October 18, 2020

Job Description:

Purpose of JobWe are currently seeking a talented Life Actuarial Analyst II for the Life and Health Pricing team in the San Antonio Office. This position will primarily support the pricing and analysis of the Medicare Supplement product line. This individual will work closely with two credentialed actuaries on the team. In this role, this individual will also work closely with Product Management, Legal, Compliance, Business Operations (Filing team), and Compliance.

Coordinates, prepares and performs actuarial analyses required to develop new products, project future results, reprice existing products, and/or determine financial strength. Performs routine work assignments and problem resolution to support other team members under direct supervision.Job RequirementsAbout USAAUSAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.In each of the past five years, we've been a top-40 Fortune 100 Best Companies to Work For , and we've ranked among Victory Media's Top 10 Military Friendly Employers 13 years straight. We embrace a robust veteran workforce and encourage veterans and veteran spouses to apply. (17 seconds) (31 seconds)Tasks:

• Under direct supervision, performs routine work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
• Enters data and tables, runs models, and generates reports.
• May make adjustments and improvements to models, when appropriate.
• Resolves the most basic and routine issues, and identifies appropriate issues for escalation, and seeks guidance from team members.
• Partners and serves as a resource on projects involving cross functional actuarial areas.
• Based on established processes, prepares reports, identifies and resolves reporting problems under direct guidance.
• Maintains proper price level, price structure, data availability and other requirements to achieve profitability and competitive goals.
• Monitors critical experience areas and identifies unfavorable trends.
• Seeks guidance to identify sources of gain and loss by product and assumption.
• Tests impact of assumptions and the appropriate premiums, interest margins, reserves, and cash values for profitability and viability of new and existing products.Minimum Requirements:
  • Bachelor's degree required OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
  • 2 or more years of relevant business or analytical experience.
  • 2 Society of Actuaries exams completed.
  • Successful completion of an analyst assessment may be required.*Qualifications may warrant placement in a different job level*When you apply for this position, you will be required to answer some initial questions. This will take approximately 5 minutes. Once you begin the questions you will not be able to finish them at a later time and you will not be able to change your responses.Preferred Requirements:
    • One or more years of experience working with Health Products, especially Medicare Supplement
    • One or more years of Actuarial experience, preferably Pricing
    • Strong analytical skills
    • Bachelor of Science in Mathematics or Actuarial ScienceThe 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.At USAA our employees enjoy one of the best benefits packages in the business, including a flexible business casual or casual dress environment, comprehensive medical, dental and vision plans, along with wellness and wealth building programs. Additionally, our career path planning and continuing education will assist you with your professional goals.USAA also offers a variety of on-site services and conveniences to help you manage your work and personal life, including seven cafeterias, two company stores and three fitness centers.Relocation assistance is not available for this position.For Internal Candidates:Must complete 12 months in current position (from date of hire or date of placement) or must have manager s approval prior to posting.Last day for internal candidates to apply to the opening is 9/30/20 by 11:59 pm CST time. Associated topics: actuarial, actuarial analyst, actuary, actuary consultant, assistant actuary, investment actuary, mathmatics, model, retirement actuary, statistics

Keywords: USAA, San Antonio , Life Actuarial Analyst II - Life Insurance, Professions , San Antonio, Texas