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Actuarial Analyst (Entry Level)

Why USAA?Let’s do something that really matters.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 OpportunityWhat you'll do:We are seeking a dedicated Actuarial Analyst (Entry Level).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 our Phoenix, AZ; San Antonio, TX; Plano, TX; Chesapeake, VA; Charlotte, NC; Colorado Springs, CO or Tampa, FL offices. Relocation assistance is not available for this position.Entry level analyst responsible for applying actuarial methodologies under direct supervision on structured projects.• Under direct supervision, applies basic understanding of actuarial concepts to make informed assumptions and apply actuarial methodologies on structured projects (e.g., Uses pre-defined metrics to test pricing assumptions and propose rate changes that improve rate adequacy and/or segmentation in a state; manipulates large datasets to produce actionable insights).• Troubleshoots and identifies solutions for routine technical issues.• Identifies opportunities to apply new tools and improve processes.• Applies understanding of products supported and functional area’s needs to perform analyses and provide actionable insights that help solve business problems.• Effectively communicates insights and solutions to peers and immediate leaders.• Ensures 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 Actuarial/business/analytical experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.• Up to 2 years of Actuarial or analytical business experience.• 1 Casualty Actuarial Society (CAS) exam.• Familiarity with Excel and at least one programming language or modeling software package (Python, SQL, R, SAS, etc.).• Experience aggregating and analyzing data to solve problems.What sets you apart:• Ability to effectively communicate insights and solutions to broad audiences including actuarial and non-actuarial stakeholders• Personal and/or specialty lines pricing experienceThe 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.What we offer: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. The salary range for this position is: $61,110-$116,800.Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.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 and affirmative action employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, national origin, age, disability, genetic information, protected veteran status, or any other legally protected characteristic.
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$61110K
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What You Should Know About Actuarial Analyst (Entry Level), USAA

At USAA, we're on a mission to secure the financial futures of U.S. military members and their families, and we're excited to invite a motivated individual to join us as an Entry Level Actuarial Analyst. Whether you’re a recent graduate or making your first foray into the actuarial field, this role offers a fantastic opportunity to apply your knowledge and skills. Located in East Lake-Orient Park, FL, this position is part of a flexible work arrangement that involves four days in the office each week. As an analyst, you'll collaborate closely with your team, utilizing your understanding of actuarial concepts to tackle structured projects under guidance. Your work will assist in testing pricing assumptions and proposing changes that enhance rate adequacy. With exposure to large datasets, you'll extract insights that lay the groundwork for informed business decisions. Not to mention, you’ll also gain experience in troubleshooting and problem-solving technical issues. Your interpersonal abilities will shine as you communicate findings to your peers and managers, and your proactive mindset will allow you to suggest improvements to our current processes. The qualifications for this entry-level role include a bachelor’s degree or relevant experience, completion of one Casualty Actuarial Society exam, and familiarity with Excel and programming languages such as Python or SQL. If you’re ready to make a meaningful impact within a values-driven organization that cherishes honesty and service, apply for the Actuarial Analyst position at USAA today!

Frequently Asked Questions (FAQs) for Actuarial Analyst (Entry Level) Role at USAA
What are the responsibilities of an Entry Level Actuarial Analyst at USAA?

As an Entry Level Actuarial Analyst at USAA, your primary responsibilities include applying actuarial methodologies under direct supervision, analyzing large datasets, and providing actionable insights to the team. You will also assist in testing pricing assumptions and proposing changes that improve rate adequacy while troubleshooting routine technical issues and identifying opportunities for process improvements.

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What qualifications do I need to become an Entry Level Actuarial Analyst at USAA?

To qualify for the Entry Level Actuarial Analyst position at USAA, candidates typically need a bachelor’s degree or up to four years of related experience. You are also required to have passed at least one Casualty Actuarial Society (CAS) exam and possess familiarity with Excel and programming languages such as Python or SQL. A genuine interest in data analysis and problem-solving is essential.

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How does USAA support the growth of Entry Level Actuarial Analysts?

USAA is committed to fostering the professional development of its employees, including Entry Level Actuarial Analysts. The company offers career path planning and ongoing educational opportunities, ensuring you have access to resources that help you achieve your professional goals while getting hands-on experience in a supportive environment.

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Is there a flexible work environment for Entry Level Actuarial Analysts at USAA?

Yes, USAA provides a flexible work environment for the Entry Level Actuarial Analyst position, requiring four in-office workdays each week. This approach fosters collaboration among team members while allowing some flexibility in balancing work and personal commitments.

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What kind of benefits can I expect as an Entry Level Actuarial Analyst at USAA?

As an Entry Level Actuarial Analyst at USAA, you will enjoy a comprehensive benefits package that supports your overall well-being. This includes medical, dental, and vision plans, 401(k) contributions, life insurance, paid time off, and wellness programs, all designed to promote your physical, financial, and emotional health.

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Common Interview Questions for Actuarial Analyst (Entry Level)
What motivated you to pursue a career as an Actuarial Analyst at USAA?

In answering this question, detail your passion for data analysis and how USAA’s mission resonates with you. Emphasize your desire to contribute to the financial security of military families while growing your actuarial skills in a supportive environment.

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Can you explain a complex actuarial concept in simple terms?

This question tests your communication skills. Choose a concept you are familiar with, such as 'loss ratio'. Describe it clearly and concisely, ensuring someone without an actuarial background can grasp its significance and implications.

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Describe an experience where you analyzed data to solve a problem.

In your response, discuss a specific project from your academic or prior experience. Outline the challenge you faced, the methods you used to analyze the data, and the results that came from your insights. Be sure to highlight your analytical thinking and problem-solving abilities.

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How do you approach learning new actuarial tools or programming languages?

Discuss your strategies for self-directed learning. This could include online courses, mentorship, using documentation, or engaging in practical projects. Focus on your enthusiasm for continuous improvement and how you plan to stay updated with industry developments.

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What steps do you take to ensure accuracy in your analyses?

Talk about the importance of double-checking your work. Describe specific methods, such as peer reviews, comparing results against established benchmarks, and validating assumptions during the data preparation stages.

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How do you handle tight deadlines or multiple priorities?

Provide examples that showcase your time management skills. Discuss how you prioritize tasks based on urgency and importance, use planning tools, and communicate effectively with your team to meet project deadlines.

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What experience do you have with Excel and programming languages?

Mention any relevant coursework, projects, or internships that involved using Excel and programming languages like Python or SQL. Share specific tasks you performed and how these tools helped you derive insights or optimize processes.

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How would you explain your analysis findings to a non-technical audience?

Explain the importance of tailoring your communication. Specify the need to focus on key points, avoiding jargon, while using visuals or analogies to clarify complex data. Emphasize your goal of making the analysis relatable for better understanding.

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Discuss how you can add value to USAA as an Entry Level Actuarial Analyst.

Convey your understanding of USAA’s mission and values. Share examples of your proactive mindset, your eagerness to learn, and how your analytical skills will help improve rate adequacy, ultimately contributing to member satisfaction.

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What do you know about USAA and its mission?

Conduct thorough research about USAA’s mission and values. In your response, reflect on how you admire the company’s commitment to military members and their families, and how you align your career aspirations with their mission.

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WHAT WE STAND FOR No matter how many years we’re in business or how many members we serve, our core mission and the values that inspired it never change. Our mission is to stand with our members and be there for them and their families by facili...

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Full-time, hybrid
DATE POSTED
December 14, 2024

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