Life Actuarial Analyst

About the Role

USAA is seeking a Life Actuarial Analyst for the Life Company’s Annuity Pricing Team. This role involves pricing of deferred fixed, indexed, and immediate annuities, custom quoting of structured settlements, and analysis related to pricing and selling new business. The position requires coordination, preparation, and performance of actuarial analyses for new product development, future results projection, existing product repricing, and financial strength determination. The work environment is flexible, requiring 4 days in the office per week. This position can be based in San Antonio, TX, Plano, TX, or Charlotte, NC.

Key Responsibilities

• Performs routine work assignments using actuarial modeling software driven models for pricing, valuation, and/or risk management.
• Compiles data and provides analytical support, including data entry, running models, and generating reports.
• Participates in developing recommendations for model adjustments and improvements.
• Resolves less complex issues independently and identifies issues for escalation.
• Prepares reports, identifies, and resolves data and reporting problems using established processes.
• Maintains 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 the impact of assumptions and 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.