Reinsurance Analyst I

Why USAA?

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. Be part of what truly makes us special and impactful.

The Opportunity

Join our dynamic Reinsurance Operations team in the Life Actuarial department as a Reinsurance Analyst I! This is an exciting opportunity to play a vital role in supporting reinsurance processes, from claims processing and treaty administration to financial reporting and audit support. You'll be responsible for managing reinsurance risk, ensuring regulatory compliance, and collaborating with business partners to drive effective decision-making. Strong critical thinking skills and excellent time management are essential as you navigate complex issues, interpret treaties, and deliver timely, accurate results. As a Reinsurance Analyst I, you will have the chance to lead special projects, identify process improvements, and contribute to a strong risk management framework. Plus, get ready to be part of a major initiative in 2026 as we implement a brand-new reinsurance system, offering unparalleled opportunities for professional growth and development! If you're a highly motivated individual with a passion for reinsurance and a desire to make a real impact, we encourage you to apply.

Additionally, you may support reinsurance processes through one or more of the following activities: processes death claims, administers reinsurance, account reconciliations, audit support and coordination, reporting and analysis. Responsible for managing reinsurance risk, audit support, financial analysis and/or insurance-related statistical reporting. In addition, this role 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.

This role is remote eligible in the continental U.S. with occasional business travel. However, individuals residing within a 60-mile radius of a USAA office will be expected to work on-site 4 days per week.

What you'll do:

• Administer complex reinsurance, processes routine claims, validates data, files, systems, identifies discrepancies and related audit support.
• Resolve complex issues and navigates obstacles to deliver work product.
• Prepare complex reinsurance financial, management and regulatory reports, and reviews the work of less experienced team members.
• Interpret and validates applicability of reinsurance treaties and identifies and gathers final bid information to update system.
• Administer retention to ensure compliance with regulatory requirements, company limits, and reinsurance treaty specifications.
• Exhibit an understanding of key regulations impacting the reinsurance process to ensure compliance with government regulations and reinsurance treaties.
• Lead 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.
• Collaborate and maintains strong relationships with business partners and may perform in an advisory capacity to operational business leaders.
• Acquire and applies advanced knowledge of the business to resolve issues and provide informed, proactive reporting and analysis to enable effective decision making.
• Ensure reinsurer and compliance audit requests are completed and oversees coordination of responses to internal and external audit, and reinsurance business partners.
• Develop and maintain processes, procedures and tools.
• Participate in risk management testing, helps to identify business risk, and may offer solutions to mitigate risk.
• Perform reinsurance transactions, analysis, reconciliations and research with knowledge of GAAP/ STAT accounting and other regulatory requirements.
• Understand key regulatory implications that impact Reinsurance and resolves escalated accounting issues of a unique nature.
• Identify opportunities for process improvements that further departmental goals and objectives.
• Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.

What you have:

• Bachelor’s Degree; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu