Business Analyst

About the role

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.

Responsibilities

• Supports the execution of reinsurance agreements and interprets treaty terms to operationalize them.
• Manages reinsurance risk, audit support, financial analysis, and produces reinsurance-related reports.
• Develops and documents project business requirements and translates them into functional system specifications.
• Orchestrates activities to develop and complete business deliverables, including special projects related to reinsurance administration systems, legal contracts/treaties, new product launches, and other initiatives.
• Participates in the Request For Proposal (RFP) process.
• Collaborates and maintains strong relationships with business partners, and may perform in an advisory capacity to operational business leaders.
• Acquires and applies advanced knowledge of the business to resolve issues and provide informed, proactive reporting and analysis to enable effective decision making.
• Safeguards reinsurer and compliance audit requests, oversees coordination of responses to internal and external audits, and reinsurance business partners.
• Develops and maintains processes, procedures, and tools.
• Participates in risk management testing, helps to identify business risk, and may offer solutions to mitigate risk.
• Performs reinsurance transactions, analysis, reconciliations, and research with knowledge of GAAP/STAT accounting and other regulatory requirements.
• Understands key regulatory implications that impact Reinsurance and resolves escalated accounting issues of a unique nature.
• Identifies opportunities for process improvements that further departmental goals and objectives.
• Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Requirements

• Bachelor's degree; OR 4 years of relevant education and/or experience.
• 3 years of experience as an analyst or other relevant work experience.
• 2+ years of hands-on experience with Microsoft Excel, including practical application of advanced features like Pivot Tables, Lookup functions (e.g., VLOOKUP, HLOOKUP), and data analysis.

Qualifications

• 1 year in Life and/or Annuity reinsurance administration.
• 2+ years of experience within the Life Insurance and/or Annuity product space (covering areas like underwriting, claims, sales, or service).
• Bachelor's or Master's degree in Statistics, Finance, Mathematics, Economics, Accounting, or a related field.
• 1+ years of project management experience.
• Basic knowledge of accounting principles (at least 1 year of experience) is desirable for understanding financial data and reconciliations.
• Experience with Oracle systems (1+ years) is a plus.
• US military experience gained through military service or gained as a military spouse / domestic partner.

Skills

• Advanced knowledge of Microsoft Excel, including advanced features like Pivot Tables, Lookup functions (e.g., VLOOKUP, HLOOKUP), and data analysis.
• Understanding of key regulations impacting the reinsurance process to ensure compliance with government regulations and reinsurance treaties.
• Ability to interpret and validate applicability of reinsurance treaties, and identify and gather final bid information to update system.
• Knowledge of GAAP/STAT accounting and other regulatory requirements.
• Ability to identify opportunities for process improvements that further departmental goals and objectives.
• Ability to understand key regulatory implications that impact Reinsurance and resolve escalated accounting issues of a unique nature.
• Ability to manage reinsurance risk, audit support, financial analysis, and produce reinsurance-related reports.
• Ability to lead special projects related to reinsurance administration systems, legal contracts/treaties, new product launches, and other initiatives.
• Ability to collaborate and maintain strong relationships with business partners, and may perform in an advisory capacity to operational business leaders.
• Ability to perform reinsurance transactions, analysis, reconciliations, and research with knowledge of GAAP/STAT accounting and other regulatory requirements.
• Ability to identify opportunities for process improvements that further departmental goals and objectives.
• Ability to ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Benefits

• 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.
• Variety of wellness programs.
• Career path planning and continuing education.

Pay

The salary range for this position is: $69,920.00 - $133,620.00.

Schedule

This position can be based in one of the following locations: San Antonio, TX, Plano, TX, Phoenix, AZ, Colorado Springs, CO, Charlotte, NC, or Tampa, FL. Relocation assistance is not available for this position.