Actuary III - Remote

Symetra has an exciting opportunity to join our team as an Actuary III!

About The Role

This is a leadership role as a senior member of the Actuarial Enterprise Modeling Team in Finance Actuarial. The role includes a broad scope of responsibilities related to enterprise modeling and governance in the company’s actuarial models. Distinguished from the Actuary II position via demonstrated highest-level technical abilities that is a limited skillset at the company and/or additional leadership & management responsibilities. This role will supervise one or more junior actuarial staff. This role can be market-driven depending on the company and business needs. Seen as an apprentice to the aligned AVP or VP or represents a niche skillset. Supervises or guides work of more junior actuarial staff.

What You Will Do

• This Actuary III will be a subject matter expert on the company’s actuarial enterprise annuity models. The role supports enterprise modeling efforts over multiple modeling applications, including but not limited to: Cash Flow Testing, Embedded Value, Principles Based Reserving, Financial Planning and Analysis, and Enterprise Risk Management models. The Actuary III will oversee execution of periodic annuity enterprise modeling processes, reviewing the work of staff and ensuring accuracy, completeness, timeliness of the area’s final work product, and supporting our model governance strategy.
• This role will improve the efficiency and sophistication of the company’s enterprise models, while building on the effort to improve governance standards of the enterprise modeling infrastructure. Examples of project-related responsibilities include:
• Proposing and implementing modeling solutions for reinsurance deals and new product features
• Overseeing automation of processes, and the build-out of controls and model validation tools
• Supporting the initiatives to break down modeling silos and improve our enterprise modeling at the company
• As a subject matter expert, the Actuary III will serve as a point of contact for stakeholders of the enterprise annuity models, providing insights and education on how products are treated in the actuarial models.
• Supervises or guides work of more junior actuarial staff.
• Highly knowledgeable of the division and actuarial team strategy and contributes to the execution of the strategy.
• May assist with division and actuarial team strategy.
• Understands financial impacts on enterprise of division strategies. Approximately 80% of time spent on project and management work, including reviewing work & developing employees, and up to 20% on recurring work.
  
  

Why 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. - AVP Internal Sales, Training and Development

“Symetra is inclusive of all employees regardless of their personal differences.” Darrell J. - Actuary III

“Symetra values learning. Symetra has so many resources - whether that is the Student of the Business courses, sponsorship of professional certifications, or just individual employees being so willing to teach and answer questions.” Felicia D. - Financial Reporting Lead Senior 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: $133,500 – $222,400 plus eligibility for annual bonus program

Who You Are

• Bachelors degree or equivalent with strong quantitative background including college level mathematics.
• 6+ years of insurance related actuarial experience. Typically 8+ years of experience.
• Finished with actuarial exams (FSA), or career or ASAs with 15+ yrs exp and strong performance.
• Has an understanding of the universe of annuities products we sell; understands their characteristics, major drivers of risk, and way to model them.
• Proven ability to detail review, document, and implement modeling updates.
• Demonstrated, highly effective communication skills.
• Proactively communicates without prompting and independently drives action to address work needs.
• Communicates with senior leadership and executive management.
• Extensive experience with actuarial modeling software, with emphasis on MG-ALFA modeling.
• Advanced knowledge of actuarial concepts and assumptions used for modeling, pricing, and financial reporting.
• Supports innovative actuarial concepts independently.
• Is capable of driving changes in actuarial or business practices towards future best practices.
• Is able to lead changes in actuarial process workflows toward modernized approaches.
• Demonstrates this depth with quality advice and recommendations.
• Proven ability to work independently and manage and mentor junior actuaries.
• Able to independently identify business problems and consistently demonstrate self-directed problem solving.
• Significant knowledge of insurance/products and the industry, with emphasis on annuities.
• Experienced in a variety of company, industry, and regulatory actuarial issues.
• High school diploma required
  
  

We empower inclusion

At Symetra, we aspire to be the most inclusive insurance company in the country. W e’re building a place where every employee feels valued, respected, and has opportunities to contribute. Inclusion is about recognizing our assumptions, considering multiple perspectives, 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.

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