Noblr - Research Modeling Associate Actuary (Remote)
Company: USAA
Location: Pflugerville
Posted on: August 4, 2022
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Job Description:
Purpose of JobWe are seeking a Research Associate Actuary to be
part of our Noblr team at USAA. This position will be working in a
Remote Work Environment (Work@Home) or may be based out of the San
Francisco, CA or Austin, TX USAA office location.Join the team
that's helping better drivers to earn better car insurance rates.
Noblr is smart, app-powered car insurance that empowers its members
to personalize their monthly car insurance rates using their
smartphones. Our members log their trips with the Noblr app, get
driving insights that help them continuously improve, and earn
rewards for responsible driving.Here's where you come in:We are
looking for an experienced modeling actuary to join our Actuarial
Research and Modeling team. You will be leading the development and
maintenance of Loss and Demand models to drive personal line auto
pricing decisions for Noblr's telematics auto insurance program.
You will be building predictive models in a dynamic scripting
language. The ideal candidate is a team player who enjoys new
challenges and working in a fast-paced environment with minimal
guidance.Coordinates, prepares and performs advanced actuarial
analyses required to develop new products, project future results,
reprice existing products, and/or determine financial strength.Job
RequirementsAbout USAAUSAA knows what it means to serve. We
facilitate the financial security of millions of U.S. military
members and their families. This singular mission requires a
dedication to innovative thinking at every level.Primary
Responsibilities:Identifies and manages existing and emerging risks
that stem from business activities and the job role.Ensures risks
associated with business activities are effectively identified,
measured, monitored, and controlled.Follows written risk and
compliance policies, standards, and procedures for business
activities.Establishes appropriate statistical plans, analytical
tools, and requirements for analyzing the experience of various
products classification systems, rating plans, reserves, and
catastrophes.Assists in setting pricing objectives by making
forecasts and projections and developing strategies to support the
company mission and goals in the areas of product development,
pricing, catastrophe management, reinsurance, or reserving.
Utilizes actuarial modeling software driven models for pricing,
valuation, and/or risk management to develop new products, project
future results, reprice existing products, and/or determine
financial strength. May make adjustments and improvements to
models, when appropriate.Monitors competitive market, industry
trends, and professional research to maintain knowledge of current
activities related to products, regulation, market conditions, and
innovative alternatives to achieve financial and market goals.
Creatively approaches problems and issues from a wide range of
perspectives to determine innovative techniques.Champions and
implements innovative solutions to business initiatives.
Responsible for training team members on
change/improvement.Exhibits advanced knowledge of actuarial and
business concepts provide innovative solutions and creatively solve
business problems.Represents USAA's interest at industry level
committee meetings. Provides data to other departments, useful for
their management purposes, from actuarial data systems.When you
apply for this position, you will be required to answer some
initial questions. This will take approximately 5 minutes. Once you
begin the questions you will not be able to finish them at a later
time and you will not be able to change your responses.Minimum
Requirements: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.4 years Actuarial/business/analytical experience + Associate
of the Casualty Actuarial Society (ACAS).Experience in developing
Innovative Actuarial Analyses/Processes.Experience in metric
development/monitoring.Strong communication/presentation
skills.Preferred Experience:Experience building Generalized Linear
Models or tree-based models to support P ratemakingExperience
building predictive models in a dynamic scripting language with
strong programming skills (e.g. Python, R)Experience with data
manipulation and analysis tools (e.g. SAS, SQL, Tableau, R,
Python)Experience with model governance, including model deficiency
identification and remediation, ongoing performance monitoring, and
compensating controls in all aspects of the model
lifecycle.Advanced degree in Statistics or other quantitative
disciplineExperience building strong relationships internally with
extended project team members and externally with state
regulatorsAuto insurance 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.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: $97,200 - $175,000*(this does not include geographic
differential it may be applied based on your work
location)Employees may be eligible for pay incentives based on
overall corporate and individual performance or at the discretion
of the USAA Board of Directors. *Geographical Differential:
Geographic pay differential is additional pay provided to eligible
employees working in locations where market pay levels are above
the national average. Shift premium: will be addressed on an
individual-basis for applicable roles that are consistently
scheduled for non-core hours. 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. Please
click on the link below for more details.USAA Total
RewardsRelocation assistance is not available for this
position.
Keywords: USAA, Pflugerville , Noblr - Research Modeling Associate Actuary (Remote), Accounting, Auditing , Pflugerville, Texas
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