AVP & Actuary
Symetra has an exciting opportunity to join our growing team as a reinsurance and captive lead as an AVP & Actuary!
About the role
The Stop Loss Pricing team is looking for an actuary to join the team! We are seeking an experienced Actuary to lead our reinsurance and captive initiatives.
As the reinsurance and captive lead, you will be responsible for overseeing the ongoing reporting, analysis, and growth of Symetra’s reinsurance and captive initiatives. You will play a key role in ensuring Symetra’s captive strategy aligns with our execution, coordinating with multiple departments to achieve our objectives. The ideal candidate will have a deep understanding of captive arrangements, experience with reinsurance, strong quantitative and pricing skills, and the ability to effectively communicate complex concepts to stakeholders at all levels.
What you will do
- Attend industry conferences related to group and single parent captives
- Review and analyze reinsurance treaties
- Make recommendations on captive expenses/structure
- Engage brokers/external relationships as part of RFP intake process
- Assist Underwriting in pricing captive arrangements
- Develop tools and models to evaluate captive performance
- Strong expertise/depth in pricing reinsurance risk
- Partner with internal captive leadership to execute on captive strategy
- Monitor captive financials and explain key drivers on financial performance
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
Salary Range: $155,800 – $259,600 plus eligibility for annual bonus program and long-term incentive plan.
Who you are
- 12+ years of insurance related actuarial experience.
- Bachelor's degree or equivalent with strong quantitative background including college level mathematics.
- Finished with actuarial exams (FSA), or career ASAs with 15+ yrs. experience and strong performance.
- Microsoft Office 365.
- Strong communication skills, particularly as it relates to communication of technical concepts to non-technical audiences. Proven ability to communicate with senior leadership.
- Highly skilled in the use of spreadsheets and actuarial modeling software.
- Advanced knowledge of actuarial concepts and assumptions used for modeling, risk management, pricing, and/or financial reporting.
- Experienced with automation and process improvement.
- Ability to solve complex actuarial problems independently in a multi-dimensional context.
- Ability to work in a team environment, while adapting and supporting change.
- Significant knowledge of captive insurance products and the reinsurance industry.
- Deep understanding of insurance GAAP and Statutory accounting concepts and of company financials (income statements, balance sheets, investment portfolio, and policyholder reserves).
- Experienced in a variety of company, industry, and regulatory actuarial issues.
- Commitment to professional development.
- High school diploma required.