Noblr - Research Modeling Actuary (Remote)

Company: USAA
Location: Fremont
Posted on: August 4, 2022

Job Description:

Purpose of JobWe are seeking a Research Modeling Actuary to be part of our Noblr team at USAA. This position will be working in a Remote Work Environment (Work@Home).

Join the team that's helping better drivers to earn better car insurance rates. Noblr is smart, app-powered car insurance that empowers its members to personalize their monthly car insurance rates using their smartphones. Our members log their trips with the Noblr app, get driving insights that help them continuously improve, and earn rewards for responsible driving.

Here's where you come in:

We are looking for an experienced modeling actuary to join our Actuarial Research and Modeling team. You will be the first Noblr modeling actuary hired to lead the development and maintenance of Loss and Demand models to drive personal line auto pricing decisions for Noblr's telematics auto insurance program. You will be building predictive models in a dynamic scripting language. The ideal candidate is a team player who enjoys new challenges and working in a fast-paced environment with minimal guidance.

Coordinates, prepares and performs expert level actuarial analyses required to develop new products, project future results, reprice existing products, and/or determine financial strength.Job RequirementsAbout USAAUSAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.Primary Responsibilities:

• Identifies and manages existing and emerging risks that stem from business activities and the job role.
• Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled.
• Follows written risk and compliance policies, standards, and procedures for business activities.
• Establishes and may oversee appropriate statistical plans, analytical tools, and requirements for analyzing the experience of various products classification systems, rating plans, reserves, and catastrophes.
• Participates in short term and long-term planning activities and assists in setting objectives for these plans by making forecasts and projections and developing strategies to support the company mission and goals in the areas of product development, pricing, catastrophe management, reinsurance, modeling, or reserving
• Utilizes advanced actuarial modeling software driven models for pricing, valuation, and/or risk management to develop new products, project future results, reprice existing products, and/or determine financial strength. May make adjustments and improvements to models, when appropriate.
• Monitors competitive market, industry trends, and professional research to maintain knowledge of current activities related to products, regulation, market conditions, and to achieve financial and market goals. -
• Creatively approaches problems and issues from a wide range of perspectives to determine innovative techniques.
• Authors and develops innovative solutions to business initiatives. Responsible for training junior members on change/improvement. Performs highly complex analysis/design, coding and testing in support of project responsibilities.
• Serves as a resource to team members on escalated issues of an unusual nature.
• Develops and manages requirements to deliver agile business changes, exceptional member experiences, and/or integrated solutions.
• Defines business problems and develops business artifacts.
• Strategically partners with IT to influence the design, alignment, and implementation of technical business standards.
• Represents USAA's interest at industry level committee meetings. - Provides data to other departments, useful for their management purposes, from actuarial data systems.When you apply for this position, you will be required to answer some initial questions. - This will take approximately 5 minutes. - Once you begin the questions you will not be able to finish them at a later time and you will not be able to change your responses.Minimum Requirements:
  • Bachelor's degree OR 4 years of related Actuarial/business/analytical experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
  • 8 years Actuarial/business/analytical experience + Associate of the Casualty Actuarial Society (ACAS) held for 5 years; OR 6 years Actuarial/business/analytical experience +Fellow of the Casualty Actuarial Society (FCAS).
  • Experience in developing and delivering Innovative Actuarial Analyses/Processes.
  • Demonstrated experience and application of industry best practices in metric development/monitoring.
  • Strong communication/presentation skills to include demonstrated experience effectively delivering key messages to stakeholders.Preferred Experience:
    • Experience building Generalized Linear Models or tree-based models to support P&C ratemaking
    • Experience building predictive models in a dynamic scripting language with strong programming skills (e.g. Python, R)
    • Experience with data manipulation and analysis tools (e.g. SAS, SQL, Tableau, R, Python)
    • Experience with model governance, including model deficiency identification and remediation, ongoing performance monitoring, and compensating controls in all aspects of the model lifecycle.
    • Advanced degree in Statistics or other quantitative discipline
    • Experience building strong relationships internally with extended project team members and externally with state regulators
    • Auto insurance experienceThe above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.Compensation:USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this position is: $117,600 - $211,700*(this does not include geographic differential it may be applied based on your work location)Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors. *Geographical Differential: Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average. - Shift premium: will be addressed on an individual-basis for applicable roles that are consistently scheduled for non-core hours. - -Benefits:At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. - These benefits include 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, and various wellness programs. - Additionally, our career path planning and continuing education assists employees with their professional goals. Please click on the link below for more details.Relocation assistance is not available for this position.

Keywords: USAA, Fremont , Noblr - Research Modeling Actuary (Remote), Other , Fremont, California