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. We provide products and services people need at a competitive price. We communicate clearly and openly so people understand what they’re buying. 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).
Vice President, Sr. Actuary – Remote
Location
United States
Posted
3 days ago
Salary
$225K - $250K / year
No structured requirement data.
Job Description
Symetra has an exciting opportunity to join our team as a Vice President, Sr. Actuary!
About the role
In this role, you will lead all aspects of financial reporting and reinsurance for Symetra’s Retirement Actuarial Group. This role will report to the Retirement Actuarial lead SVP and will be a member of management and hold an important leadership position as the company expands.
The VP, Sr. Actuary, will prepare materials and present them at quarterly business results meeting with the CEO and Senior Leadership Team. You will focus on continuous improvement of the reporting function and collaborate with leaders on new reinsurance programs and regulations. You will prioritize the company’s financial well-being, and own the production, analysis, and documentation of actuarial financial reporting. You will play a vital role in profitability analysis, financial planning, and reinsurance strategy.
What You will Do
- Direct the actuarial valuation groups for the retirement division according to US GAAP and US Statutory standards.
- Coordinate and review the asset/liability modeling development and output for any principles-based reserving for US Statutory and any Market Risk Benefits.
- Conduct monthly financial results analysis and review, taking ownership of explaining actual-to-plan variances.
- Prepare the division’s financial and business plan.
- Management related duties including reviewing work, developing employees, and leading teams.
- Ensure accurate governance and controls over the financial reporting processes.
- Prioritize modeling improvements and updates. Direct strategy on model optimization and reporting framework.
- Provide input on potential future annuity reinsurance transactions, including offshore agreements.
- Analyze existing reinsurance agreements to assess financial viability and optimize terms, making recommendations to management based on results.
- Establish and run operational aspects of financial reporting including reinsurance for the retirement division, ensuring processes align with industry guidelines and contract terms.
- Act as the primary point of contact for reinsurance status updates, report outs, and audits.
- Approximately 40% of time spent on recurring duties, 20% on project related work, and 40% management related duties including reviewing work, developing employees, and leading teams.
Why Work at Symetra
Here’s what some of our employees have to say about why they work at Symetra:
“If you want to invest in yourself and build a career, this is a great place to work. If you don't want to put in the effort to learn the industry and become a student of the business (it takes real effort!), there are easier places to work.” - Cris H., VP Internal Sales
“We're big enough to make an impact on the country, but small enough to care and know who you are and what you're contributing to the organization. All new ideas are welcome!” - Stephanie F., VP Customer Service & Operations
What we offer you
Benefits and Perks
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: $225,000 – $250,000 plus eligibility for annual bonus program and long-term incentive plan
Who You Are
- Bachelor’s degree with a strong quantitative background, including college-level Mathematics highly preferred. High school diploma required.
- 10+ years of insurance-related actuarial experience required.
- 2+ years of direct experience with reinsurance required.
- FSA designation required.
- Fixed Indexed Annuity experience required and extensive knowledge of US GAAP FAS 133 and US Statutory Actuarial Guideline 33/35.
- Demonstrated mastery of insurance/products and very knowledgeable on industry info. Recognized as an internal expert in a variety of company, industry, and regulatory actuarial issues.
- Registered Indexed Annuity Experience Preferred.
- Exceptional technical and digital literacy, including use of sophisticated spreadsheets, PowerPoint, and data management tools.
- Excellent communication skills, with experience presenting to executive management.
- Proven ability to lead, empower, and handle actuarial functions and large teams remotely and across varying time zones.
- Strong problem-solving skills, with a high degree of accuracy and strong process organization.
- Proven dedication to professional development.
- Actuarial Modeling software and asset modeling experience preferred.
Travel:
- Required Training & Professional Development
All newly hired people leaders with direct reports are required to complete a comprehensive leadership development program within their first year. This program includes both virtual and in-person training. The in-person sessions will take place at Symetra’s corporate headquarters in Bellevue, Washington. Symetra covers all travel and accommodation expenses.
- Reasonable Accommodations
Symetra is committed to providing equitable access to all job-related responsibilities, including required travel. If reasonable accommodations are needed for travel, Symetra’s HR department will work to provide appropriate solutions in alignment with individual needs and company policies.
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
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