AVP, P&C Climate Risk and Exposure Analytics
Company: USAA
Location: Colorado Springs
Posted on: October 7, 2024
Job Description:
Why USAA?At USAA, we have an important mission: facilitating the
financial security of millions of U.S. military members and their
families. Not all of our employees served in our nation's military,
but we all share in the mission to give back to those who did.
We're working as one to build a great experience and make a real
impact for our members.
We believe in our core values of honesty, integrity, loyalty and
service. They're what guides everything we do - from how we treat
our members to how we treat each other. Come be a part of what
makes us so special!The OpportunityResponsible for providing
insight and analysis to enable USAA to proactively manage
catastrophe exposures in a changing climate. Executive thought
leader driving the vision and forward-looking action regarding
climate change and its impact on members, the association, and
reinsurance/capital markets. - Partners with key stakeholders in
Product Lines and Underwriting to enable exposure management
solutions. Continuously strengthens and leverages data and
analytics tools/team in support of catastrophe exposure management
strategies.What you'll do:
- Accountable for the P&C Climate Risk and Exposure program
in partnership with P&C Actuary - Reinsurance and Catastrophe
Modeling executive leadership.
- Collaborates with Product Line, Underwriting and Pricing
leadership to ensure the use and impact of catastrophe models
result in pricing, product development, and exposure management
solutions.
- Responsible for the development and implementation of tools,
processes, and metrics, to manage catastrophe risk through
underwriting. -
- Influences and drives the research agenda in exposure
management and data through AI tools and cat models with a
forward-looking multi-year view.
- Recommends multi-year catastrophe loss plans to Product
Leaders, reflecting up-to-date projections of catastrophe
exposures.
- Supports the Chief Underwriter in representing USAA in
discussions with regulatory and legislative initiatives, including
catastrophe funds.
- Serves as the senior P&C subject matter expert on Climate
Change and its impacts to USAA members and the Association and
represents P&C in enterprise forums.
- Remains up-to-date with the latest developments in the field of
climate change risk and impacts on financial markets and
regulations.
- Builds and oversees a team of professionals through ongoing
execution of recruiting, development, retention, coaching and
support, performance management, and managerial activities.
- Ensures risks associated with business activities are
effectively identified, measured, monitored, and controlled in
accordance with risk and compliance policies and procedures and
relevant regulations.What you have:
- Bachelor's Degree in mathematics, statistics, or other
quantitative field OR 4 additional years of related experience
beyond the minimum required may be substituted in lieu of a
degree.
- 10 years of experience working in data and analytics, including
pricing, loss reserving, reinsurance, catastrophe risk management
or a related field developing strategies, managing major
initiatives, and delivering results of wide-scale enterprise impact
within a financial services organization.
- 6 years of people leadership experience in building, managing
and/or developing high-performing teams.
- Deep understanding of climate change risk analysis and
modeling. Strong understanding and familiarity with climate
science, global and local climate models, and trends in natural
weather perils.
- Significant experience using quantitative approaches and models
to measure insurance catastrophe risk.
- Extensive experience in catastrophe risk underwriting, capital
management, and pricing.
- Experience leading through influence, being comfortable
operating in ambiguity, and collaborating with key resources and
stakeholders across functions to achieve strategic goals.
- Executive-level business acumen in the areas of business
operations, financial markets, and emerging climate change
trends.What sets you apart:
- FCAS or ACAS accreditation
- US military experience through military service or a military
spouse/domestic partner.What we offer: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: $216,750.00-390,150.00.Employees may be
eligible for pay incentives based on overall corporate and
individual performance or at the discretion of the USAA Board of
Directors.Long Term Incentive Plan: Cash payment for Executive
level roles only, representing a cash payment which is both time
and performance based.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.For more
details on our outstanding benefits, please visit our benefits page
on USAAjobs.com.Applications for this position are accepted on an
ongoing basis, this posting will remain open until the position is
filled. Thus, interested candidates are encouraged to apply the
same day they view this posting. -USAA is an Equal Opportunity
Employer. All qualified applicants will receive consideration for
employment without regard to race, color, religion, sex, sexual
orientation, gender identity, national origin, disability, or
status as a protected veteran.
Keywords: USAA, Littleton , AVP, P&C Climate Risk and Exposure Analytics, Other , Colorado Springs, Colorado
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