ERM Actuary I (Capital) - Remote
Symetra, Bellevue, WA, United States
Overview
Symetra has an exciting opportunity to join our team as an
Actuary I
in Enterprise Risk Management. In this role, you will play a key part in Symetra's enterprise-wide capital management. This role focuses on enterprise-wide capital reporting, analysis, and projections for both US and Bermuda entities, with opportunities to work closely with the CRO, Chief Actuary, and other internal stakeholders on capital-related projects. You will drive the production, analysis, and documentation of capital reporting and forecasting, with emphasis on continuous improvement of processes and accuracy of results. Responsibilities
Prepare and analyze NAIC Risk Based Capital (RBC) and Bermuda Solvency Capital Requirement (BSCR) calculations on a quarterly basis, including ad-hoc sensitivity analyses and waterfall analyses to explain changes in RBC and BSCR ratios and comparisons to plan. Allocate capital from the corporate surplus account to product lines to ensure divisions have sufficient capital for their needs. Develop RBC and BSCR forecasts to determine company-wide capital needs as part of the annual financial plan. Contribute to annual rating agency capital models, including S&P and AM Best. Report capital risk limits and analyses to Symetra's parent company, Sumitomo Life. Prepare annual RBC and BSCR year-end reports for NAIC and BMA. Provide capital factors for the divisional actuarial pricing teams each quarter to support pricing at appropriate capital levels. Update Symetra Investment Management on the capital implications of different asset types to inform capital-efficient investment strategies. Assist with analysis of ad-hoc capital-related strategic initiatives to enhance capital, such as reinsurance transactions. Assist with determining the capital impacts of initiatives to help prioritize strategic capital initiatives. Qualifications
Bachelor's degree or equivalent with a strong quantitative background including college-level mathematics. 6 to 9 years of actuarial experience. 7 to 8 actuarial exams; ASA designation required (FSA may be possible). Financial and/or capital reporting background preferred. Advanced Excel skills, 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 focus on accuracy and data integrity. Strong communication skills, including experience presenting technical concepts to non-technical audiences. High school diploma required. What we offer
We don’t take a one-size-fits-all approach 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 401(k) plan with immediate vesting and company matching up to 6% Paid time off including vacation and sick time, flex days, and ten paid holidays Company matching to support community giving Compensation
Salary Range: $117,000 – $195,100 plus eligibility for annual bonus programs Compliance and Eligibility
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 employment. Remote Network Minimum Requirements:
As a remote-first organization, Symetra has standards for internet connectivity: Minimum Internet Speed of 100 Mbps download and 20 Mbps upload; Internet Type: Fiber, Cable, or DSL; Not Permissible: Satellite, cellular broadband, other wireless, or wired dial-up. You will be asked to test your internet speed during the application process. Identity Verification:
Symetra conducts fair and secure hiring practices. Some interviews will be conducted on video. Verification steps may be used to prevent employment fraud. Potential outcomes include disqualification, withdrawal of a job offer, or termination if fraud is discovered.
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Symetra has an exciting opportunity to join our team as an
Actuary I
in Enterprise Risk Management. In this role, you will play a key part in Symetra's enterprise-wide capital management. This role focuses on enterprise-wide capital reporting, analysis, and projections for both US and Bermuda entities, with opportunities to work closely with the CRO, Chief Actuary, and other internal stakeholders on capital-related projects. You will drive the production, analysis, and documentation of capital reporting and forecasting, with emphasis on continuous improvement of processes and accuracy of results. Responsibilities
Prepare and analyze NAIC Risk Based Capital (RBC) and Bermuda Solvency Capital Requirement (BSCR) calculations on a quarterly basis, including ad-hoc sensitivity analyses and waterfall analyses to explain changes in RBC and BSCR ratios and comparisons to plan. Allocate capital from the corporate surplus account to product lines to ensure divisions have sufficient capital for their needs. Develop RBC and BSCR forecasts to determine company-wide capital needs as part of the annual financial plan. Contribute to annual rating agency capital models, including S&P and AM Best. Report capital risk limits and analyses to Symetra's parent company, Sumitomo Life. Prepare annual RBC and BSCR year-end reports for NAIC and BMA. Provide capital factors for the divisional actuarial pricing teams each quarter to support pricing at appropriate capital levels. Update Symetra Investment Management on the capital implications of different asset types to inform capital-efficient investment strategies. Assist with analysis of ad-hoc capital-related strategic initiatives to enhance capital, such as reinsurance transactions. Assist with determining the capital impacts of initiatives to help prioritize strategic capital initiatives. Qualifications
Bachelor's degree or equivalent with a strong quantitative background including college-level mathematics. 6 to 9 years of actuarial experience. 7 to 8 actuarial exams; ASA designation required (FSA may be possible). Financial and/or capital reporting background preferred. Advanced Excel skills, 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 focus on accuracy and data integrity. Strong communication skills, including experience presenting technical concepts to non-technical audiences. High school diploma required. What we offer
We don’t take a one-size-fits-all approach 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 401(k) plan with immediate vesting and company matching up to 6% Paid time off including vacation and sick time, flex days, and ten paid holidays Company matching to support community giving Compensation
Salary Range: $117,000 – $195,100 plus eligibility for annual bonus programs Compliance and Eligibility
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 employment. Remote Network Minimum Requirements:
As a remote-first organization, Symetra has standards for internet connectivity: Minimum Internet Speed of 100 Mbps download and 20 Mbps upload; Internet Type: Fiber, Cable, or DSL; Not Permissible: Satellite, cellular broadband, other wireless, or wired dial-up. You will be asked to test your internet speed during the application process. Identity Verification:
Symetra conducts fair and secure hiring practices. Some interviews will be conducted on video. Verification steps may be used to prevent employment fraud. Potential outcomes include disqualification, withdrawal of a job offer, or termination if fraud is discovered.
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