Associate Actuary I

Job Location:  US-TX-San Antonio Job Category:  Accounting/Finance/Insurance Status:  Full Time, Employee Job Reference #:   5193 Share our pride. Join our mission. As a Fortune 200 financial services company with more than $113.5 billion in owned and managed assets, USAA is on a mission — to facilitate the financial security of our members, the men and women of the U.S. military and their families worldwide. Headquartered on a showcase campus in San Antonio, TX, USAA attributes its long-standing success to its most valuable resource, our 22,000 employees. They are the heart and soul of our member-service culture. Recently Ranked #1 by Business Week in Customer Service, we are recognized for the superior service we provide to our members, and the exemplary work environment we provide for our employees. Everything that happens at USAA is based on our core values: Service, Loyalty, Honesty, and Integrity. These are the foundations of how we do business with our members, as well as how we treat each other. USAA is currently seeking a talented Associate Actuary for our San Antonio, Texas facility. As an Associate Actuary for USAA, you will maintain control of price level, pricing structure, and data systems for a product line to achieve profitability, competitive, and equity goals, or determines proper reserve levels (Statutory and GAAP) for a product line to achieve financial strength goals. May guide and train actuarial analysts, business technology analysts, and/or interns. Qualified candidates need to possess: Supports actuarial modeling software driven models used for pricing, valuation, and/or risk management. Analyzes model input parameters and recommends adjustments. Integrates analysis of model output with model input parameters to recommend model adjustments and improvements to meet strategic goals. Conducts GAAP financial analysis and asset liability analysis, when appropriate. Maintains price level and price structure for a product line by in-depth and highly skilled analysis of all relevant factors to include determination of necessary information. Determines appropriate reserve and/or capital levels for a product line by in-depth and highly skilled analysis of all relevant factors to include determination of necessary information. Works with actuarial management to insure fulfillment of requests for data. Provides expertise, direction and a contact point for Product Development and Information Technology projects to insure that these projects do not adversely affect needs. Works on special assignments which require advanced technical expertise. Manages the completion and publication of profitability projections and regular Actuarial Financial Forecast data and projections. Represents department on internal executive level committees and consults with other areas of USAA on corporate financial analysis including areas such as GAAP accounting adjustments and Federal Income Tax law changes. Serves as a consultant to other areas of USAA, such as Claims, Underwriting, Operations, and Controller. Conducts briefings of USAA top management. Consults with regulatory authorities on rating structure, investment income, etc. Negotiates with external agencies reviewing or auditing reserve levels. Establishes appropriate statistical plans and requirements for analyzing the experience of various products, classification systems, rating plans, basic rates, etc., by analyzing and interpreting information on the results and outlook for all lines of business and areas of operations, in order to be able to develop adequate and competitive rates for new and existing products. Directs the overall management of data requirements. Conducts special studies, seminars and training sessions requiring knowledge of advanced actuarial topics. Minimum requirements: ASA or FSA in Society of Actuaries. 5-8 years' actuarial experience. Bachelor's degree. Preferred experience includes: 3 plus years' experience in Life Insurance Pricing. The 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. 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 available for this position. USAA is an Equal Opportunity Employer. At USAA our employees enjoy one of the best benefits packages in the business, including business 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. Qualified applicants must successfully complete a pre-employment background and drug screen.