Reinsurance Analyst (Mid-Level)

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.

Responsibilities

• Supports the execution of reinsurance agreements and interprets treaty terms to operationalize them.
• Maintains and 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.
• 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.
• Conducts risk management testing, identifies business risk, and offers solutions to mitigate risk.
• Executes reinsurance transactions, analyzes, reconciles, and researches 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 reinsurance processes and regulations.
• Strong analytical and problem-solving skills.
• Excellent communication and collaboration abilities.
• Proficiency in Microsoft Excel, including advanced features.

Benefits

• Comprehensive medical, dental, and vision plans.
• 401(k) plan.
• Pension plan.
• Life insurance.
• Parental benefits.
• Adoption assistance.
• Flexible time off program with paid holidays.
• Volunteer hours.
• Various 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. The opportunity is remote or hybrid for active-duty military spouses consistent with applicable policy and business needs.