Executive Director, Pricing and Reinsurance

At USAA, our mission is to empower 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, guided by core values of honesty, integrity, loyalty, and service. USAA proudly supports active-duty military spouses, and roles may offer remote or hybrid flexibility consistent with applicable policy and business needs.

About the role

This position provides executive-level leadership and oversight for a team responsible for developing and managing highly competitive life, health, and annuity products while protecting the organization's financial strength and building long-term value. The role collaborates with key stakeholders to launch new products and manage existing ones, oversees pricing for assigned life, health, and annuity products, and manages reinsurance initiatives for USAA's life insurance companies. This position requires 4 days per week in the office and can be based in San Antonio, TX or Charlotte, NC. Relocation assistance is available.

Responsibilities

• Define, develop, evaluate, and oversee implementation of pricing models and strategies to optimize revenue, market share, brand positioning, and long-term profits and value for members for assigned life, health, and annuity products.
• Collaborate 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.
• Direct analysis of pricing models and projections to ensure competitive pricing and market position.
• Oversee implementation of pricing proposals for assigned products.
• Support development of reinsurance strategies to manage capital, mitigate risk, and/or improve pricing leverage; maintain reinsurance partnerships; and support negotiation of reinsurance transactions.
• Serve as a subject matter expert on counterparty risk assessment and risk mitigation.
• Build and oversee a team of employees for assigned functional area through ongoing execution of recruiting, development, retention, coaching and support, performance management, and managerial activities.
• Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

Qualifications

Education

Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or other quantitative field; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.

Experience & Credentials

• 12+ years of industry experience with recent experience pricing annuity products either as the reinsurer or direct writer, ideally within the last five years.
• 10+ years of progressive actuarial experience in two or more life actuarial functions, including developing strategies, managing major initiatives, and delivering results within a complex matrix environment.
• 4 years of people leadership experience in building, managing, and/or developing high-performing teams.
• Fellow, Society of Actuaries (FSA) and Member, American Academy of Actuaries (MAAA).
• Knowledge of pricing tools, techniques, and methods; ability to assess analytical and pricing models using statistical principles.
• Knowledge of risk/compliance management framework and policies.
• Knowledge of applicable annuity laws and regulations in the US and experience with Bermuda regulatory framework.
• Experience partnering with investment team to optimize asset allocations to address competitive pressures.
• Experience pricing living benefits and navigating distribution conflict.

Pay

Salary range: $195,230.00 – $351,410.00. USAA assesses market data to establish competitive ranges; pay within the range is based on experience and market data. Employees may be eligible for pay incentives based on overall corporate and individual performance at the discretion of the USAA Board of Directors.

Long Term Incentive Plan: Cash payment for Executive-level roles only, representing a time- and performance-based cash payment.

Note: USAA does not provide visa sponsorship for this role. Candidates who will need immigration support (H-1B, TN, STEM OPT, etc.) now or in the future should not apply.

Benefits

• Comprehensive medical, dental, and vision plans
• 401(k) and pension
• Life insurance
• Parental benefits and adoption assistance
• Paid time off program with paid holidays plus 16 paid volunteer hours
• Various wellness programs
• Career path planning and continuing education assistance

Schedule

Flexible work environment requiring 4 days per week in the office. Position can be based in San Antonio, TX or Charlotte, NC. Relocation assistance available.