Director, Actuary Innovations

USAA; San Antonio (TX); Remote; USD 164,000 - 315,000; Full time

Job summary

Join a leading financial services company as a Director of Innovation focusing on personal lines insurance. In this role, you'll lead modeling efforts, develop teams of actuaries and data scientists, and provide strategic insights to enhance pricing strategies and improve member value. With a commitment to integrity and service, USAA offers an impactful career in a mission-driven organization.

Benefits

Comprehensive medical, dental and vision plans

401(k) and pension plans

Paid time off program

Parental benefits and adoption assistance

Wellness programs

Qualifications

• 8 or more years relevant actuarial science experience.
• Expert knowledge of insurance products and markets.
• 3 or more years people management experience.

Responsibilities

• Oversee analytical tasks related to modeling and business evaluations.
• Research new data sources and risk management mechanisms.
• Deliver insights to senior leadership based on analytical findings.

Skills

Analytical skills

People management

Predictive modeling

Data analysis

Education

Bachelor’s degree

ACAS designation or above

Job description

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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.

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.

The Opportunity

This director level actuarial role focuses on leading modeling efforts and developing a team of actuarial and data science modelers to enhance loss and demand models used for personal lines insurance ratemaking and providing strategic business partner advice. The successful candidate will have extensive experience in personal lines insurance, specifically auto, homeowner, and specialty lines. Expertise in designing and implementing frameworks for operationalizing model refitting and feature selection/analysis is highly desirable. The position requires a leader with advanced analytical and strong people leadership skills, proficient in utilizing statistical modeling techniques and data analysis to inform pricing strategies.

You may also be responsible for developing, implementing, and consulting on solutions in support of P&C pricing strategies, capital management or other key strategic business decisions. Direct and manage exploratory research involving rating variables, pricing or risk concepts relatively new to the insurance industry. Utilize data mining, predictive modeling, optimization techniques or risk modeling for fact-based decision making. Deliver model-driven insights and recommendations that drive product strategy and business processes to enhance financial stability, member value and strengthen lifelong relationships. Develop innovative structures and programs to support the development and delivery of highly competitive products or products increasing availability of coverage while maintaining superior financial strength. Provide highly consultative, influential, leadership capacity across the Enterprise's analytical communities. Promote and influence partners in the advantages and utilization of predictive modeling in strategic analyses of member behaviors and perspectives relative to price or of the use of risk models and risk reduction techniques to minimize P&C financial risk. Establish and manage relationships and alliances with industry peers, key industry organizations, analysts, partners, and suppliers.

This position can work remotely in the continental U.S. with occasional business travel.

What You'll Do

• Oversee and coordinate analytical tasks which include evaluation of business problem, selection of appropriate methodology and predictive data elements, construction and operationalization of modeling solutions, as well as documentation and presentation of findings recommendations.
• Research new internal and external data sources, or in the case of risk management, new risk reducing mechanisms.
• Negotiate and manage contracts associated with external data, risk modeling or risk reduction.
• Monitor and understand emerging technology that can affect risk of loss.
• Develop and provide subject matter expertise on the current and emerging predictive modeling or risk modeling and pricing techniques for the insurance industry.
• Deliver insight to senior leadership.
• 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 experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
• 8 or more years relevant actuarial science experience
• 3 or more years people management experience
• Expert knowledge of insurance products and markets relevant to the property & casualty industry and personal insurance lines
• Expert technical knowledge of actuarial standards of practice, methods and procedures, pricing and product management/development methods, underwriting strategies
• Expert knowledge of STAT & GAAP financial reporting; Strong knowledge of regulatory environment.
  
  

What Sets You Apart

• ACAS designation or above
  
  

Compensation range: The salary range for this position is: $164,780 - $314,960.

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. 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.

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.

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.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Product Management and Marketing

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