Executive, P&C Pricing Actuary

Why USAA?

At USAA, we have an important mission: facilitating the financial security of millions of U.S. military members and their families. Not all of our employees served in our nation’s military, but we all share in the mission to give back to those who did. We’re working as one to build a great experience and make a real impact for our members.

We believe in our core values of honesty, integrity, loyalty and service. They’re what guides everything we do – from how we treat our members to how we treat each other. Come be a part of what makes us so special!

The Opportunity

The AVP, P&C Pricing Actuary oversees Auto or Property Pricing for the USAA Property & Casualty (P&C) Division and provides guidance on critical pricing decisions to achieve a proper balance between financial and competitive goals. Responsible for the development of actuarial pricing processes and rating structures as well as financial risk assessment and mitigation critical to the achievement of P&C’s profit goals, as well as the viability of the association’s financial strength.

• Responsible for establishing, maintaining, and improving processes and procedures to manage insurance pricing rate order calculations efficiently and effectively. 

• Participates in overall USAA strategic planning to ensure the goals within the Financial Strength and Product Development Key Result Areas are met.

• Oversees the projection of property pricing financial results for USAA P&C Division in support of financial goals.

• Oversees and coordinates state pricing decisions across the property pricing teams.

• Serves as a key partner to drive collaboration between the catastrophe management and property pricing teams.

• Directs both national and state property pricing indications, including trending, loss development, expense considerations, structures, etc.

• Provides oversight in the monitoring and development of key rating structures and USAA P&C pricing processes to ensure competitive and equitable rates, while improving profitability.

• Participates on special assignments which require advanced technical expertise, to include analysis of the relationship between special forms to be filed with states and USAA experience, special competitive situations, etc.

• Represents USAA on various industry committees related to Auto or Property Pricing.

• Participates in various USAA company committees to assure coordination of pricing policies and other enterprise objectives.

• Builds and oversees a team of actuarial professionals through ongoing execution of recruiting, development, retention, coaching and support, performance management, and managerial activities. 

What you have:

• Bachelor’s Degree; OR 4 additional years of related experience beyond the minimum required may be substituted in lieu of a Degree.

• 10 years of progressive actuarial experience in the property and casualty insurance industry developing strategies, managing major initiatives, and delivering results within a complex matrix environment required.

• 6 years of people leadership experience in building, managing and/or developing high-performing teams required.

• Credentialed Casualty Actuary; FCAS required.

• Experience in predictive modeling, bridging pricing to analytics.

• Strong communication skills with the ability to present business solutions in a clear and concise manner to technical and non-technical audiences.

• Proven experience leading multiple projects and meet tight deadlines with thoughtful planning and effective execution.

• Proven experience partnering with state product managers on pricing strategies.

What sets you apart:

• 5+ years of leading teams in an actuarial role in personal lines insurance

• Experience leading teams through changes in processes, tools, techniques, and organization.

• Demonstrated successes in product management and technology modernization initiatives.

• Creative problem-solver in a highly regulated and consumer advocate environment.

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: $ 216,750.00 - 390,150.00.

Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.

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, please 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.