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USAA Actuary in Colorado Springs, Colorado

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 Actuary supporting P&C Personal Lines, you will be accountable for ensuring an accurate Direct Internal Revenue forecast which reflects our USAA strategy. You will closely partner with Product Management leadership and their business partners to gather assumptions and inputs, assemble scenario estimates, and present and submit the final revenue forecast. In addition, you will be responsible for monthly revenue performance reporting and ad hoc analysis.

You will coordinate, prepare, and perform expert level actuarial analyses required to develop new products, project future results, reprice existing products, and/or determine financial strength.

We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: Colorado Springs, CO, Phoenix, AZ, Tampa FL or San Antonio, TX.

Relocation assistance IS available for this position.

What you'll do:

  • Establish and may oversee appropriate statistical plans, analytical tools, and requirements for analyzing the experience of various products classification systems, rating plans, reserves, and catastrophes.

  • Participate in short term and long-term planning activities and assists in setting objectives for these plans 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, modeling, or reserving.

  • Utilize advanced 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 to achieve financial and market goals.

  • Creatively approach problems and issues from a wide range of perspectives to determine innovative techniques.

  • Author and develop innovative solutions to business initiatives. Responsible for training junior members on change/improvement. Performs highly complex analysis/design, coding and testing in support of project responsibilities.

  • Serve as a resource to team members on escalated issues of an unusual nature.

  • Develop and manage requirements to deliver agile business changes, exceptional member experiences, and/or integrated solutions.

  • Define business problems and develops business artifacts.

  • Strategically partner with IT to influence the design, alignment, and implementation of technical business standards.

  • 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) may be substituted in lieu of degree.

  • 8 years Actuarial/business/analytical experience + Associate of the Casualty Actuarial Society (ACAS) held for 5 years; OR 6 years Actuarial/business/analytical experience +Fellow of the Casualty Actuarial Society (FCAS).

  • Experience in developing and delivering Innovative Actuarial Analyses/Processes.

  • Demonstrated experience and application of industry best practices in metric development/monitoring.

  • Strong communication/presentation skills to include demonstrated experience effectively delivering key messages to stakeholders.

What sets you apart:

  • P&C insurance industry experience

  • Experience in reporting, scenario building, and forecasting written premiums

  • Strong attention to detail and process oriented

  • US military experience through military service or a military spouse/domestic partner

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.

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: $158,960 - $303,830.

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 USAAjobs.com.

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.

If you are an existing USAA employee, please use the internal career site in OneSource to apply.

Please do not type your first and last name in all caps.

Find your purpose. Join our mission.

USAA is unlike any other financial services organization. The mission of the association is to facilitate the financial security of its members, associates and their families through provision of a full range of highly competitive financial products and services; in so doing, USAA seeks to be the provider of choice for the military community. We do this by upholding the highest standards and ensuring that our corporate business activities and individual employee conduct reflect good judgment and common sense, and are consistent with our core values of service, loyalty, honesty and integrity.

USAA attributes its long-standing success to its most valuable resource: our 35,000 employees. They are the heart and soul of our member-service culture. When you join us, you'll become part of a thriving community committed to going above for those who have gone beyond: the men and women of the U.S. military, their associates and their families. In order to play a role on our team, you don't have to be connected to the military yourself – you just need to share our passion for serving our more than 13 million members.

USAA is an EEO/AA Employer - applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.

USAA is an EEO/AA Employer - applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.

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