ERM Actuary I (Capital) - Remote
Symetra Financial Corporation, Bellevue, Washington, us, 98009
Symetra has an exciting opportunity to join our team as an
Actuary I
in Enterprise Risk Management!
About the Role In this role, you will play a key part in Symetra’s enterprise-wide capital management. This role will focus on enterprise-wide capital reporting, analysis, and projections for both US and Bermuda entities. This role provides the opportunity to work closely with the CRO, Chief Actuary, and other internal stakeholders regarding a variety of capital-related projects. You will drive the production, analysis, and documentation of capital reporting and forecasting, focusing on continuous improvement of the processes and accuracy of results.
What you will do In this role, you will be responsible for preparation and analysis of the following:
NAIC Risk Based Capital (RBC) and Bermuda Solvency Capital Requirement (BSCR) calculations performed on a quarterly basis, including ad-hoc sensitivity analysis and waterfall analysis to explain changes in the RBC and BSCR ratios and comparisons to plan.
Allocation of capital from the corporate surplus account to product lines such that each division is allocated enough capital for their needs.
RBC and BSCR forecasts to determine company-wide capital needs on an annual basis as part of the -year financial plan.
Annual rating agency capital models, including S&P and AM Best.
Reporting of capital risk limits and analysis to Symetra’s parent company, Sumitomo Life.
Annual filing of RBC and BSCR year-end reports to NAIC and BMA.
Providing capital factors for the divisional actuarial pricing teams every quarter so the divisions can price their products to appropriate capital levels.
Updating the Symetra Investment Management on the capital implications of different asset types to determine optimal capital-efficient investment strategies.
Assist with the analysis of ad-hoc capital-related strategic initiatives to help Symetra achieve greater capital, such as analysis of reinsurance transactions.
Assist with determining the capital impacts of such initiatives to help prioritize strategic capital initiatives.
Why work at Symetra “From day one, I felt welcomed and encouraged to bring my full self to work. Symetra truly lives up to its commitment to Diversity, Equity, and Inclusion—it's more than just words here; it's part of the culture.” - Whitney T., Talent Development
“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
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: $117,000 – $195,100 plus eligibility for annual bonus programs
Who you are
Bachelors degree or equivalent with strong quantitative background including college level mathematics.
6 to 9 years of actuarial experience.
7 to 8 actuarial exams, ASA designation required. Might have FSA.
Financial and/or capital reporting background preferred.
Advanced excel skillsrequired, with experience in coding and automation strongly preferred.
Proficiency in VBA, SQL/Snowflake, or Python is a plus.
Proven ability to independently analyze complex results, with strong problem-solving skills.
Passionate about process improvement and automation.
Highly detail-oriented, with a strong focus on accuracy and data integrity.
Strong communication skills, including experience presenting technical concepts to non-technical audiences.
High school diploma required.
We empower inclusion 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.
Inclusion is about recognizing our assumptions, considering multiple perspective, and removing barriers. We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts here.
Creating a world where more people have access to financial freedom 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.
For more information about our careers visit: https://symetra.eightfold.ai/careers
Work Authorization 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.
Please review Symetra's Remote Network Minimum Requirements: As a remote-first organization committed to providing a positive experience for both employees and customers, Symetra has the following standards for employees' internet connection:
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.
When applying to jobs at Symetra you'll be asked to test your internet speed and confirm that your internet connection meets or exceeds Symetra's standard as outlined above.
Identity Verification Symetra is committed to fair and secure hiring practices. For all roles, candidates will be required (after the initial phone screen) to be on video for all interviews. Symetra will take affirmative steps at key points in the process to verify that a candidate is not seeking employment fraudulently, e.g. through use of a false identity.
Failure to comply with verification procedures may result:
Disqualification from the recruitment process
Withdrawal of a job offer
Termination of employment and other criminal and/or civil remedies, if fraud is discovered
#LI-BV1
#LI-Remote
#J-18808-Ljbffr
Actuary I
in Enterprise Risk Management!
About the Role In this role, you will play a key part in Symetra’s enterprise-wide capital management. This role will focus on enterprise-wide capital reporting, analysis, and projections for both US and Bermuda entities. This role provides the opportunity to work closely with the CRO, Chief Actuary, and other internal stakeholders regarding a variety of capital-related projects. You will drive the production, analysis, and documentation of capital reporting and forecasting, focusing on continuous improvement of the processes and accuracy of results.
What you will do In this role, you will be responsible for preparation and analysis of the following:
NAIC Risk Based Capital (RBC) and Bermuda Solvency Capital Requirement (BSCR) calculations performed on a quarterly basis, including ad-hoc sensitivity analysis and waterfall analysis to explain changes in the RBC and BSCR ratios and comparisons to plan.
Allocation of capital from the corporate surplus account to product lines such that each division is allocated enough capital for their needs.
RBC and BSCR forecasts to determine company-wide capital needs on an annual basis as part of the -year financial plan.
Annual rating agency capital models, including S&P and AM Best.
Reporting of capital risk limits and analysis to Symetra’s parent company, Sumitomo Life.
Annual filing of RBC and BSCR year-end reports to NAIC and BMA.
Providing capital factors for the divisional actuarial pricing teams every quarter so the divisions can price their products to appropriate capital levels.
Updating the Symetra Investment Management on the capital implications of different asset types to determine optimal capital-efficient investment strategies.
Assist with the analysis of ad-hoc capital-related strategic initiatives to help Symetra achieve greater capital, such as analysis of reinsurance transactions.
Assist with determining the capital impacts of such initiatives to help prioritize strategic capital initiatives.
Why work at Symetra “From day one, I felt welcomed and encouraged to bring my full self to work. Symetra truly lives up to its commitment to Diversity, Equity, and Inclusion—it's more than just words here; it's part of the culture.” - Whitney T., Talent Development
“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
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: $117,000 – $195,100 plus eligibility for annual bonus programs
Who you are
Bachelors degree or equivalent with strong quantitative background including college level mathematics.
6 to 9 years of actuarial experience.
7 to 8 actuarial exams, ASA designation required. Might have FSA.
Financial and/or capital reporting background preferred.
Advanced excel skillsrequired, with experience in coding and automation strongly preferred.
Proficiency in VBA, SQL/Snowflake, or Python is a plus.
Proven ability to independently analyze complex results, with strong problem-solving skills.
Passionate about process improvement and automation.
Highly detail-oriented, with a strong focus on accuracy and data integrity.
Strong communication skills, including experience presenting technical concepts to non-technical audiences.
High school diploma required.
We empower inclusion 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.
Inclusion is about recognizing our assumptions, considering multiple perspective, and removing barriers. We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts here.
Creating a world where more people have access to financial freedom 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.
For more information about our careers visit: https://symetra.eightfold.ai/careers
Work Authorization 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.
Please review Symetra's Remote Network Minimum Requirements: As a remote-first organization committed to providing a positive experience for both employees and customers, Symetra has the following standards for employees' internet connection:
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.
When applying to jobs at Symetra you'll be asked to test your internet speed and confirm that your internet connection meets or exceeds Symetra's standard as outlined above.
Identity Verification Symetra is committed to fair and secure hiring practices. For all roles, candidates will be required (after the initial phone screen) to be on video for all interviews. Symetra will take affirmative steps at key points in the process to verify that a candidate is not seeking employment fraudulently, e.g. through use of a false identity.
Failure to comply with verification procedures may result:
Disqualification from the recruitment process
Withdrawal of a job offer
Termination of employment and other criminal and/or civil remedies, if fraud is discovered
#LI-BV1
#LI-Remote
#J-18808-Ljbffr