Executive Director, Pricing and Reinsurance

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, health, and annuity 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, health, and annuity 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 assigned life, health, and annuity products.

Collaborates with General Managers, Finance, Investment Management, 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 analysis of pricing models and projections to ensure competitive pricing/market position.

Oversees the implementation of pricing proposals for assigned products.

Supports the development of reinsurance strategies to manage capital, mitigate risk, and/or improve pricing leverage; maintains reinsurance partnerships; and supports the negotiation of reinsurance transactions.

Serves as a subject matter expert on counter party risk assessment and risk mitigation.

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 annuity 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 annuity laws and regulations in the US and…