Executive Director, Life & Health Pricing Resinsurance

USAA; Charlotte (NC); Hybrid; USD 195,000 - 351,000; Full time

Benefits offered by this job

Long Term Incentive Plan

Comprehensive benefits package

Relocation assistance

Job summary

USAA seeks an executive leader to oversee pricing for life and health insurance products, safeguarding financial strength and long-term value. You will price products, manage reinsurance initiatives, and collaborate with senior stakeholders to align portfolio with strategy.

The role requires 12+ years in pricing, 10+ years actuarial leadership, and 4 years of people leadership. In-office 4 days/week, relocation support available, based in Charlotte, NC or San Antonio, TX.

Qualifications

• 12+ years of pricing experience for life/health products
• 10+ years actuarial leadership in two or more life functions
• 4 years of people leadership experience
• Knowledge of pricing tools, techniques, and methods
• Knowledge of risk/compliance framework and policies
• Knowledge of US life and health laws
• Fellow, Society of Actuaries (SOA)

Responsibilities

• Define, develop, and oversee pricing models and strategies to optimize revenue and profits for life and health products.
• Collaborate with General Manager, Finance, Underwriting and other stakeholders to position product portfolio and pricing programs.
• Direct actuarial analysis and projection models for Life and Health lines.
• Oversee end-to-end pricing proposals ensuring profitability hurdles and regulatory compliance.
• Support development of reinsurance strategies and negotiations.
• Build and oversee a team through recruiting, development, retention, coaching and performance management.
• Ensure risks are identified, measured, monitored, and controlled per policies.

Skills

Pricing strategy

Actuarial pricing

Leadership

Stakeholder collaboration

Risk & compliance knowledge

Education

Bachelor's Degree or related quantitative field

Job description

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

Provides executive level leadership and oversight to a team responsible for the development and management of highly competitive life insurance and health insurance products while focusing on protecting the financial strength of the organization and building long-term value. Collaborates with key stakeholders to launch new and manage existing products. Responsible for pricing assigned life and health products, as well as managing reinsurance initiatives 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 San Antonio, 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 pricing models and strategies designed to optimize revenue, market share, brand positioning, and long-term profits and value for members for life and health insurance products.
• Collaborates with General Manager, Finance, Underwriting, and other key stakeholders to correctly position product portfolio and establish pricing programs aligned with product/sales strategy and revenue recognition requirements.
• Directs the actuarial analysis and projection models for both Life and Health product lines, ensuring robust competitive positioning and rapid response to changing market dynamics.
• Oversees the end-to-end implementation of pricing proposals, ensuring all product offerings meet internal profitability hurdles and regulatory compliance standards.
• Supports the development of reinsurance strategies to manage capital, mitigate risk, and/or improve pricing leverage; and supports the negotiation of reinsurance transactions.
• 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.

Education:

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or other quantitative field; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.

What You Have:

• 12+ years of industry experience with recent experience pricing life and health insurance products either as the reinsurer or direct writer, ideally within the last five years
• 10+ years of progressive actuarial experience in two or more life actuarial functions, to include developing strategies, managing major initiatives, and delivering results within a complex matrix environment.
• 4 years of people leadership experience in building, managing and/or developing high-performing teams.
• Knowledge of pricing tools, techniques, and methods; ability to assess analytical and pricing models using statistical principles.
• Knowledge of risk/compliance management framework and policies.
• Knowledge of applicable life insurance and health insurance laws and regulations in the US
• Fellow, Society of Actuaries

Compensation range: The salary range for this position is: $195,230.00 - $351,410.00.

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.

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.