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
Join our dynamic Reinsurance Operations team in the Life Actuarial department as a Reinsurance Analyst I! This is an exciting opportunity to play a vital role in supporting reinsurance processes, from claims processing and treaty administration to financial reporting and audit support. You'll be responsible for managing reinsurance risk, ensuring regulatory compliance, and collaborating with business partners to drive effective decision-making. Strong critical thinking skills and excellent time management are essential as you navigate complex issues, interpret treaties, and deliver timely, accurate results. As a Reinsurance Analyst I, you will have the chance to lead special projects, identify process improvements, and contribute to a strong risk management framework. Plus, get ready to be part of a major initiative in 2026 as we implement a brand-new reinsurance system, offering unparalleled opportunities for professional growth and development! If you're a highly motivated individual with a passion for reinsurance and a desire to make a real impact, we encourage you to apply.
Additionally, you may support reinsurance processes through one or more of the following activities: processes death claims, administers reinsurance, account reconciliations, audit support and coordination, reporting and analysis. Responsible for managing reinsurance risk, audit support, financial analysis and/or insurance-related statistical reporting. In addition, this role participates in the orchestration of activities to develop and complete business deliverables including developing and documenting project business requirements and translating those requirements into functional system specifications.
This role is remote eligible in the continental U.S. with occasional business travel. However, individuals residing within a 60-mile radius of a USAA office will be expected to work on-site 4 days per week.
What you'll do:
- Administer complex reinsurance, processes routine claims, validates data, files, systems, identifies discrepancies and related audit support.
- Resolve complex issues and navigates obstacles to deliver work product.
- Prepare complex reinsurance financial, management and regulatory reports, and reviews the work of less experienced team members.
- Interpret and validates applicability of reinsurance treaties and identifies and gathers final bid information to update system.
- Administer retention to ensure compliance with regulatory requirements, company limits, and reinsurance treaty specifications.
- Exhibit an understanding of key regulations impacting the reinsurance process to ensure compliance with government regulations and reinsurance treaties.
- Lead special projects related to reinsurance administration systems, legal contracts/treaties, new product launches and other initiatives.
- May participate in the Request For Proposal (RFP) process.
- Collaborate and maintains strong relationships with business partners and may perform in an advisory capacity to operational business leaders.
- Acquire and applies advanced knowledge of the business to resolve issues and provide informed, proactive reporting and analysis to enable effective decision making.
- Ensure reinsurer and compliance audit requests are completed and oversees coordination of responses to internal and external audit, and reinsurance business partners.
- Develop and maintain processes, procedures and tools.
- Participate in risk management testing, helps to identify business risk, and may offer solutions to mitigate risk.
- Perform reinsurance transactions, analysis, reconciliations and research with knowledge of GAAP/ STAT accounting and other regulatory requirements.
- Understand key regulatory implications that impact Reinsurance and resolves escalated accounting issues of a unique nature.
- Identify opportunities for process improvements that further departmental goals and objectives.
- 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.
- 4 or more years of experience as an analyst or other relevant work experience.
What sets you apart:
- Bachelor’s or Master’s degree in Actuarial Science, Statistics, Finance, Mathematics, Economics, Computer Science, Science or Accounting
- Experience working in Actuarial Science, Statistics, Finance, Mathematics, Economics, Computer Science, Science or Accounting disciplines (2 years)
- Experience with Life Insurance and/or Annuity products including reinsurance, underwriting, policy or claims administration (2 years)
- Experience working with Oracle systems and/or XML programming language (2 years)
- Experience with Project Management (2 years)
- US military experience through military service or a military spouse/domestic partner
Compensation range: The salary range for this position is: $69,920.00 - $133,620.00.
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. 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.
