Symetra has an exciting opportunity to join our team as an
Actuarial Associate III!
About The Role
The Enterprise Risk Management team is looking for an actuary to join us! We are seeking an Actuary to support the Insurance Capital Standard (ICS) reporting function. In this role, you will be involved with the development, implementation, and maintenance of group-wide capital regulatory requirements. You will ensure that results are accurate and delivered on time, and work with other departments across the Company to meet objectives. The ideal candidate will have a good understanding of ICS requirements, strong analytical skills, and the ability to communicate results clearly to stakeholders, including our Japanese parent company, Sumitomo Life.
What You Will Do
- Calculate and report capital requirements under the ICS framework.
- Interpret regulatory requirements and translate them into actionable plans while ensuring compliance with ICS technical specifications.
- Produce and analyze model outputs and spreadsheet calculations, ensuring accuracy, completeness, and consistency.
- Manage and run models, which includes updating model inputs and producing model results in a timely manner.
- Present and explain results to senior management, Sumitomo Life, regulatory authorities, and other key stakeholders as needed.
- Identify opportunities for process improvements, automation, and enhancements to streamline calculation review and validation procedures.
- Collaborate with external consultants and colleagues to stay informed about ICS developments, regulatory changes, and emerging industry practices.
- Work with external auditors to ensure compliance with regulatory requirements and identify corrective actions as needed.
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: $93,900 – $156,600 plus eligibility for annual bonus programs
Who You Are
- Bachelors degree or equivalent with strong quantitative background including college level mathematics.
- 3 to 5 years of annuity related actuarial experience.
- 5 to 7 actuarial exams, might have ASA
- Strong communication skills, particularly as it relates to communication of technical concepts to non-technical audiences. Proven ability to communicate with senior leadership.
- Proficient in using spreadsheets and actuarial modeling software.
- Strong understanding of basic actuarial concepts, assumptions, and their applications in modeling, risk management, pricing, and financial reporting.
- Familiar with automation tools and process improvement techniques.
- Able to solve actuarial problems with guidance in a multi-dimensional context.
- Comfortable working in a team environment and open to supporting changes.
- Basic knowledge of insurance products and the industry.
- Understanding of insurance GAAP and Statutory accounting principles, as well as company financials (e.g., income statements, balance sheets, policyholder reserves).
- Some experience with actuarial issues in company, industry, and regulatory contexts.
- Understanding of Insurance Capital Standard requirements and calculations.
- MG-ALFA experience.
- Proficiency in SQL or Python is preferred.
- Microsoft Office 365
- 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 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.
