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USAA: Catastrophe Modeling Actuary


This is a Full-time position in City Of Balcones Heights, TX posted February 7, 2021.

Purpose of Job We are currently seeking a Catastrophe Modeling Actuary to work from our USAA San Antonio office location.

A 100% remote (WorkHome) environment may also be considered.

This role performs catastrophe risk analysis for multiple P& C insurance personal product lines by running catastrophe modelling software, such as RMS, KCC or AIR, validates that modeled results are appropriate for USAA business, understands and communicates nuances behind model results, recommends and applies overlays as needed, develops optimal hybrid approaches to catastrophe modeling where appropriate, and manages model vendor relationship.

Coordinates, prepares and performs actuarial analyses required to develop new products, project future results, reprice existing products, and/or determine financial strength.

Under direct supervision, performs routine work assignments and problem resolution to support other team members.

Job Requirements About USAA USAA knows what it means to serve.

We facilitate the financial security of millions of U.S.

military members and their families.

This singular mission requires a dedication to innovative thinking at every level.

In each of the past five years, we’ve been a top-40 Fortune 100 Best Companies to Work For®, and we’ve ranked among Victory Media’s Top 10 Military Friendly® Employers 13 years straight.

We embrace a robust veteran workforce and encourage veterans and veteran spouses to apply.

USAA Careers Award Winning Workplace (17 seconds) USAA Careers World Class Benefits (31 seconds) Applies advanced knowledge of the business, its products, and processes.

Utilizes actuarial modeling software driven models for pricing, valuation, and/or risk management.

Enters data and tables, runs models, and generates reports.

May make adjustments and improvements to models, when appropriate.

Maintains proper price level, price structure, data availability and other requirements to achieve profitability and competitive goals.

Identifies critical experience areas to monitor and suggest timely remedies to correct or prevent unfavorable trends.

Identifies sources of gain and loss by product and assumption.

Tests pricing assumptions and the appropriate premiums, interests margins, reserves, and cash values for new products.

Resolves issues of and navigates obstacles to deliver work product.

Serves as a resource to less experienced team members on escalated issues of a routine nature.

Minimum Requirements Bachelors Degree OR 4 additional years of Actuarial/business/analytical experience beyond the minimum required may be substituted in lieu of a Degree.

4 or more years Actuarial/business/analytical experience ACAS Qualifications may warrant placement in a different job level When you apply for this position, you will be required to answer some initial questions.

This will take approximately 5 minutes.

Once you begin the questions you will not be able to finish them at a later time and you will not able to change your responses.

Preferred Strong P& C personal lines expertise.

4 years prior experience using or developing catastrophe modeling software, such as RMS, KCC or AIR RMS Certified Catastrophe Risk Analyst (CCRA) and/or AIR Certified Extreme Event Modeler (CEEM) certifications are highly preferred.

Strong learning agility, creative problem solving, works independently, collaborates with team and with external business partners, initiative, and strong written and verbal communication skills.

Prior programming experience or predictive modeling experience.

Additional Skills Run routine and specialized catastrophe model analyses as needed.

Understand nuances behind the model and how to customize for USAA business and desired applications to business decisions.

Improve processes for efficiency gains.

Work with model vendor to improve performance where possible.

Manage model vendor relationship.

Ensure reliable data input into the models, run models, validate data output for appropriateness for specific business uses.

Research, recommend, and support model adjustments / overlays and hybrid approaches as appropriate.

For strong catastrophe risk management outcomes, work closely with many business partners, including Product Management, Pricing, Underwriting, State Managers, Claims Analytics, data owners, reinsurance actuaries, Treasury, etc.

Ensure that all model governance standards are being met.

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.

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 position.

The salary range for this position is: $97,200.00 $175,000.00(this does not include geographic differential that may be applied based on your work location) Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.

Geographical Differential: Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.

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.

Please click on the link below for more details.

USAA Total Rewards Relocation assistance is NOT available for this position.

For Internal Candidates: Must complete 12 months in current position (from date of hire or date of placement), or must have managers approval prior to posting.

Last day for internal candidates to apply to the opening is 2/11/21 by 11:59 pm CST time.

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