Business Analyst

About the Role

As a dedicated Life Actuarial Analyst on the Life Company's Annuity Pricing Team, you will be involved in the pricing of deferred fixed, indexed, and immediate annuities. This role will also involve custom quoting of structured settlements as well as analysis of areas related to pricing and selling new business. You will coordinate, prepare, and perform actuarial analyses required to develop new products, project future results, reprice existing products, and/or determine financial strength. This role requires an individual to be in the office 4 days per week.

• This position can be based in: San Antonio, TX, Plano, TX, or Charlotte, NC.
• Relocation assistance is not available.
• USAA does not provide visa sponsorship for this role.

Key Responsibilities

• Performs routine work assignments utilizing actuarial modeling software driven models for pricing, valuation, and/or risk management.
• Responsible for data compilation and analytical support, including entering data and tables, running models, and generating reports.
• Participates in developing recommendations for model adjustments and improvements, when appropriate.
• Resolves less complex issues independently and identifies appropriate issues for escalation.
• Leveraging established processes, prepares reports, identifies and resolves data and reporting problems.
• Responsible for maintaining proper price level, price structure, data availability, model, and other requirements to achieve profitability and competitive goals.
• Monitors critical experience areas and identifies unfavorable trends.
• Identifies 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.
• Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Requirements & Tech Stack

• Bachelor's degree; OR 4 years of relevant education and/or experience.
• Up to 2 years of relevant business or analytical experience.
• 2 Society of Actuaries exams completed.
• Understanding and experience applying data analysis and actuarial techniques.

What Sets You Apart

• Experience with pricing annuities or life insurance using pricing software (e.g., AXIS).
• Experience building analytical tools using applications such as Excel VBA, Python, SQL.
• Excellent verbal and written communication skills, with the ability to tailor content for varying audiences.
• Strong aptitude for problem solving.
• US military experience through military service or a military spouse/domestic partner.

Compensation Range

• $69,920 - $133,620.
• 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.
• Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.