Actuarial Associate I - Remote

Symetra; United States; Hybrid; USD 73,000 - 121,000; Full time

Benefits offered by this job

401(k) with company matching

Paid time away and holidays

Flexible full-time or hybrid telecommu

Job summary

Symetra Bermuda Servicing Company (SBSC) seeks an Actuarial Associate I to support in‑force modeling and regulatory reporting. You will build outputs for quarterly and annual runs, improve reporting processes, and help modernize the modeling ecosystem.

The role requires actuarial education progress, Python/SQL/Power BI skills, and experience with MG-ALFA or similar tools. A bachelor’s degree in a quantitative field and up to 3 years’ actuarial experience are expected.

Qualifications

• Bachelor's degree in actuarial science, finance, mathematics, or related field required.
• Actuarial Student track with at least one exam passed.
• Experience with MG-ALFA/MG-Integrate modeling.
• Proficiency with Python, SQL, Power BI, and Power Query.
• Entry-level or up to 3 years of actuarial experience.

Responsibilities

• Prepare quarterly and annual regulatory reporting and model outputs.
• Develop and maintain modeling and reporting processes and documentation.
• Support annual and ad hoc stress and sensitivity tests (BEL, CISSA, ORSA).
• Improve reporting tools and provide analyses to regulatory submissions.
• Collaborate with teams to modernize processes and controls.

Skills

Python

SQL

Power BI

Power Query

Analytical abilities

Problem solving

Excel

AI coding tools

Education

Bachelor's degree in actuarial science, finance, mathematics, or related field

Actuarial exams passed (1+)

Tools

MG-ALFA / MG-Integrate modeling

Job description

Actuarial Associate I

About the role: The Production Associate contributes to Symetra Bermuda Servicing Company's ("SBSC's") in force modeling processes and procedures. Reporting to the Production Lead, this person will create SBSC model outputs for a wide range of regulatory reporting. This person will contribute to the success of the company's modeling initiatives through developing expertise on the model and regulatory requirements, modernization of the reporting tools utilized, and improvement initiatives for the overall reporting processes.

What you will do

• Quarterly and annual regulatory reporting, including but not limited to:
  • Quarterly model bridging runs
  • Final reported BEL
  • BEL waterfall runs
  • Quarterly BEL sensitivities and stresses
  • Annual CISSA stresses
  • Annual Schedule V(e) stresses
• Annual plan, plan updates, and sensitivities
• Annual ORSA stresses
• Annual unlocking runs and sensitivities
• Develop and maintain process documentation
• Implementing improvements to reporting and to the modeling processes

Why work at Symetra

"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

"I am grateful to be here and I know how blessed I am to work for a company that truly cares about me as a person" – Nancy R., Sr. Investment Fund Analyst

What we offer you

• 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

Hourly Range: $72,700 - $121,100 plus eligibility for annual bonus programs

Who you are

• Bachelor's degree in actuarial science, finance, mathematics, or related technical field required.
• Proficient in PC utilization including spreadsheets and data management software.
• Demonstrated analytical abilities, problem solving, and analysis.
• Committed to self-development and learning actuarial concepts.
• Experience with common coding and visual software, such as Python, SQL, Power BI, and Power Query.
• Experience with modeling software, with emphasis on MG-ALFA / MG-Integrate modeling.
• Experience with AI coding tools a plus.
• Effective communication with manager required.
• Actuarial Student track with at least one exam passed. Prior to attaining actuarial designations.
• Entry-level or up to 3 years of insurance related actuarial experience.
• 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.

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.

Remote Network Minimum Requirements

• 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.

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.

• Disqualification from the recruitment process
• Withdrawal of a job offer
• Termination of employment and other criminal and/or civil remedies, if fraud is discovered