Actuarial Associate I
Symetra has an exciting opportunity to join our growing team as an Actuarial Associate I!
About the role
The Enterprise Risk Management team is looking for an actuarial associate to join us! We are seeking an actuarial associate to support the Insurance Capital Standard (ICS) reporting function. You will ensure that ICS results are accurate and delivered on time, and work with other departments across the Company to meet objectives. The ideal candidate will have a good understanding of ICS requirements, strong analytical skills, and the ability to communicate results clearly to stakeholders, including our Japanese parent company, Sumitomo Life.
What you will do
- Calculate and report capital requirements under the ICS framework on a quarterly basis.
- Manage and run models, which includes updating model inputs and producing model results in a timely manner.
- Produce and analyze model outputs and spreadsheet calculations, ensuring accuracy, completeness, and consistency.
- Coordinate with business partners to gather required data and meet reporting deadlines.
- Document reporting procedures and maintain clear process documentation.
- Identify opportunities for process improvements, automation, and enhancements to streamline calculation review and validation procedures.
- Support audits and model governance activities by preparing supporting documentation and responding to information requests.
Why work at Symetra
“I feel welcome and included at Symetra every day and I really believe you can be you at Symetra." - Megan H., Deputy Chief Compliance Officer
"I am grateful to be here and I know how blessed I am to work for a company that truly cares about me as a person". - Nancy R., Sr. Investment Fund Analyst
What we offer you
We don’t take a “one-size-fits-all” approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.
- Flexible full-time or hybrid telecommuting arrangements
- Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
- Paid time away including vacation and sick time, flex days and ten paid holidays
- Give back to your community and double your impact through our company matching
- Want more details? Check out our Symetra Benefits Overview
Compensation
Hourly Range: $72,700 – $121,100 plus eligibility for annual bonus programs
Who you are
- Understanding of capital requirements and calculations.
- MG-ALFA experience.
- Proficiency in SQL or Python.
- Microsoft Office 365
- Understanding of insurance GAAP and Statutory accounting principles, as well as company financials (e.g., income statements, balance sheets, policyholder reserves).
- Some experience with actuarial issues in company, industry, and regulatory contexts.
- Bachelor's degree or equivalent with strong quantitative background including college level mathematics.
- High school diploma required.
At Symetra, we aspire to be the most inclusive insurance company in the country. We're building a place where every employee feels valued, respected, and has opportunities to contribute.
Symetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. In our daily work, we're guided by the principles of Value, Transparency and Sustainability. This means we provide products and services people need at a competitive price, we communicate clearly and openly so people understand what they're buying, and we design products--and operate our company--to stand the test of time. We're committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI). Join our team and help us create a world where more people have access to financial freedom.
Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment with our company.
- Minimum Internet Speed:100 Mbps download and 20 Mbps upload, in alignment with the FCC's definition of "broadband."
- Internet Type:Fiber, Cable (e.g., Comcast, Spectrum), or DSL.
- Not Permissible:Satellite (e.g., Starlink), cellular broadband (hotspot or otherwise), any other wireless technology, or wired dial-up.
- Disqualification from the recruitment process
- Withdrawal of a job offer
- Termination of employment and other criminal and/or civil remedies, if fraud is discovered