AVP, Reinsurance and Investment Management

About the role

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 The AVP, Reinsurance and Investment Management 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. They will partner with key stakeholders to launch new products and manage existing ones. They will also be responsible for developing, managing, and administering the reinsurance program for assigned life, health, and annuity products for USAA's life insurance companies.

Responsibilities

• Accountable for defining, developing, evaluating, and overseeing the implementation of reinsurance models and strategies designed to optimize revenue, market share, brand positioning, long-term profits, and value for members for assigned life, health, and annuity products.
• Partners 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.
• Holds shared accountability for the development and analysis of pricing models and projections to ensure competitive pricing/market position and sustainable returns.
• Leads the development and implementation of investment strategies to improve product performance and asset liability management (ALM).
• Drives the development and implementation of reinsurance strategies to manage capital, mitigate risk, and/or improve pricing leverage; builds, grows, and maintains reinsurance partnerships; and negotiates and executes reinsurance transactions.
• Serves as a subject matter expert on counterparty risk assessment and risk mitigation.
• Oversees the management and administration of reinsurance agreements for the entire life cycle.
• Provides oversight of the reinsurance admin system, billing and reporting to reinsurance companies, financial reporting, and risk metric reporting.
• 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