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USAA

AVP, Reinsurance and Investment Management

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What they do

An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.

$120,415 / year median in Texas

+11% projected growth

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Job Description

Charlotte, NC
  • CENTS San Antonio Home Office I Plano Legacy Full time
R0120064
  • Why USAA?
  • At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted advice. We seek to be the #1 choice for the military community and their families. Embrace a fulfilling career at USAA, where our core values
  • honesty, integrity, loyalty and service
  • define how we treat each other and our members. Be part of what truly makes us special and impactful. We are proud to support active-duty military spouses. USAA roles may offer remote or hybrid flexibility for active-duty military spouses consistent with applicable policy and business needs.
  • The Opportunity
  • The AVP, Reinsurance and Investment Management provides executive level leadership and oversight to a team responsible for the development and management of highly competitive life, health, and annuity products while focusing on protecting the financial strength of the organization and building long-term value.
They will partner with key stakeholders to launch new products and manage existing ones. They will also be responsible for developing, managing, and administering the reinsurance program for assigned life, health, and annuity products for USAA's life insurance companies. 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: San Antonio, TX, Plano, TX, or Charlotte, NC. Relocation assistance is available for this position.
  • What you'll do:
  • + Accountable for defining, developing, evaluating, and overseeing the implementation of reinsurance models and strategies designed to optimize revenue, market share, brand positioning, long-term profits, and value for members for assigned life, health, and annuity products.
+ Partners with General Managers, Finance, Investment Management, Underwriting, and other key stakeholders to correctly position product portfolio and establish pricing programs aligned with product/sales strategy and revenue recognition requirements. + Holds shared accountability for the development and analysis of pricing models and projections to ensure competitive pricing/market position and sustainable returns. + Leads the development and implementation of investment strategies to improve product performance and asset liability management (ALM). + Drives the development and implementation of reinsurance strategies to manage capital, mitigate risk, and/or improve pricing leverage; builds, grows, and maintains reinsurance partnerships; and negotiates and executes reinsurance transactions. + Serves as a subject matter expert on counterparty risk assessment and risk mitigation. + Oversees the management and administration of reinsurance agreements for the entire life cycle. + Provides oversight of the reinsurance admin system, billing and reporting to reinsurance companies, financial reporting, and risk metric reporting. + Builds and oversees a team of employees for assigned functional area through ongoing execution of recruiting, development, retention, coaching and support, performance management, and managerial activities. + Ensures 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 in Actuarial Science, Mathematics, Statistics, Economics, Finance, or quantitative field; OR 4 years of relevant education and/or experience.
+ 10 years of progressive actuarial experience in two or more life actuarial functions, to include developing strategies, managing major initiatives, and effectively delivering results within a complex matrix environment. + 6 years of people leadership experience in building, managing and/or developing high-performing teams. + Strong knowledge of risk/compliance management framework and policies. + Knowledge of pricing tools, techniques, and methods; ability to assess analytical and pricing models using statistical principles. + Demonstrated expertise in reinsurance structures, investment strategy, and financial risk management. + Strong knowledge of applicable life, health, and annuity laws and regulations. + Demonstrated ability to communicate effectively to audiences of all levels. + Fellow, Society of Actuaries and Member, American Academy of Actuaries required.
  • What sets you apart:
  • + Demonstrated experience developing and executing reinsurance, asset-liability management (ALM), and investment strategies that drive profitable growth, optimize capital, and enhance enterprise value within a life insurance organization.
+ Broad knowledge of the life insurance and annuity value chain, with the ability to influence outcomes across a highly matrixed environment and build trusted partnerships with executive leaders, investment teams, reinsurers, and key business stakeholders. + Proven ability to accelerate pace in a complex organization, bringing innovative thinking, strong business acumen, and a track record of delivering measurable impact through strategic initiatives and complex decision-making. + Deep understanding of investment management, institutional asset strategies, and/or hedging programs, with the executive presence to partner closely with Chief Investment Office leadership and shape strategies that position the business for long-term growth and competitive advantage. + US military experience through military service or a military spouse/domestic partner.
  • Compensation range:
  • The salary range for this position is: $224,250
  • $403,650
  • .
    • USAA does not provide visa sponsorship for this role. Please do not apply for this role if at any time (now or in the future) you will need immigration support (i.e., H-1B, TN, STEM OPT Training Plans, etc.).
    • 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. Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors. 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.
    Long Term Incentive Plan:
    Cash payment for Executive level roles only, representing a cash payment which is both time and performance based.
    • 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, 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. California applicants, please review our HR CCPA
    • Notice at Collection (https://statmcstg.
    usaa.com/mcontent/static\_assets/Media/enterprise\_hr\_cpra\_notice\_at\_collection.pdf) here.

    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.
  • Benefits

    • Paid Time Off (PTO)
    • 401(k) Plans
    • Professional Development
    • Health and Wellness Programs