Executive, P&C Pricing Actuary
Company: USAA
Location: Colorado Springs
Posted on: May 18, 2024
Job Description:
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 OpportunityThe 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.
Keywords: USAA, Denver , Executive, P&C Pricing Actuary, Accounting, Auditing , Colorado Springs, Colorado
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