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.

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.
• Participates in the orchestration of activities to develop and complete business deliverables, including developing and documenting project business requirements and translating those requirements into functional system specifications.
• Administers complex reinsurance, processes routine claims, validates data, files, systems, identifies discrepancies and related audit support.
• Solves complex issues and navigates obstacles to deliver work product.
• Prepares complex reinsurance financial, management and regulatory reports, and reviews the work of less experienced team members.
• Interprets and validates applicability of reinsurance treaties, and identifies and gathers final bid information to update system.
• Administers retention to ensure compliance with regulatory requirements, company limits, and reinsurance treaty specifications.
• Exhibits an understanding of key regulations impacting the reinsurance process to ensure compliance with government regulations and reinsurance treaties.
• Leads special projects related to reinsurance administration systems, legal contracts/treaties, new product launches and other initiatives.
• May participate 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.
• Ensures reinsurer and compliance audit requests are completed and oversees coordination of responses to internal and external audit, 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.

What sets you apart

• 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.

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.

Benefits

• Comprehensive medical, dental and vision plans.
• 401(k).
• Pension.
• Life insurance.
• Paid time off program with paid holidays plus 16 paid volunteer hours.
• Variety of wellness programs.
• Career path planning and continuing education.