Life Actuary– Asset Liability Management Team jobs in United States
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USAA · 20 hours ago

Life Actuary– Asset Liability Management Team

USAA is committed to empowering its members to achieve financial security. They are seeking a Life Actuary to join the Asset Liability Management Team, responsible for performing actuarial analyses to develop new products, project future results, and ensure compliance with regulations.

BankingFinancial ServicesInsuranceVenture Capital
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Responsibilities

Performs complex work assignments utilizing 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
May make recommendations for model adjustments and improvements, when appropriate
Shares knowledge with team members and serves as a resource to team on escalated 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 stakeholders
Identifies and provides recommended solutions to business problems independently, often presenting recommendation to leadership
Maintains proper price level, price structure, data availability and other requirements to achieve profitability and competitive goals
Identifies critical assumptions to monitor and suggest timely remedies to correct or prevent unfavorable trends
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 escalated issues
Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures

Qualification

Actuarial modeling softwareFellow of the Society of ActuariesAsset liability managementMoody’s AXIS softwareLife Insurance productsAnalytical skillsCommunication skills

Required

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. (Total of 8 years of experience without bachelor's degree)
4 years relevant actuarial or analytical experience and attainment of Fellow within the Society of Actuaries (Bachelor's degree + 4 years of experience + FSA)
8 years relevant actuarial experience and attainment of Associate within the Society of Actuaries. (Bachelor's Degree + 8 years of experience + ASA)
8 years relevant actuarial or analytical experience and attainment of Fellow within the Society of Actuaries (FSA)
12 years relevant actuarial or analytical experience and attainment of Associate within the Society of Actuaries (ASA)
Experience performing complex work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management
Demonstrated experience communicating complex actuarial analysis and recommendations to technical and non-technical audiences

Preferred

US military experience through military service or a military spouse/domestic partner
FSA (Fellow of the Society of Actuaries) designation
Experience using Moody's AXIS software
2 or more years of experience with asset liability management or cash flow testing
Prior Actuarial experience with Life Insurance and Annuity Products
Fixed Indexed Annuity (FIA) Experience

Benefits

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
Various wellness programs
Career path planning and continuing education

Company

USAA is a financial services company.

Funding

Current Stage
Late Stage

Leadership Team

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Julie McPeak
SVP, General Counsel Insurance
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Waqas Durrani
Senior Vice President, General Counsel - Enterprise Shared Services
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Company data provided by crunchbase