Actuary II - ICS Reporting Lead - Remote

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

Benefits offered by this job

401(k) plan with immediate vesting

Company matching up to 6%

Paid time off (vacation, sick, flex)

Holidays

Community matching generosity

Job summary

Symetra Financial Corporation is seeking an Actuarial Associate I to support the Insurance Capital Standard (ICS) reporting function. The role involves ensuring ICS results are accurate and delivered on time, with collaboration across departments including Sumitomo Life.

You'll work on capital requirements, model runs, and documentation in a dynamic enterprise risk team. The position emphasizes strong analytical abilities, understanding of ICs requirements, and effective communication with

Qualifications

• Bachelor's degree or equivalent with strong quantitative background.
• MG-ALFA experience is preferred.
• Proficiency in SQL or Python and strong analytical skills.
• Understanding of capital requirements and calculations.

Responsibilities

• Calculate and report capital requirements under the ICs framework on a quarterly basis.
• Manage and run models, updating inputs and producing results.
• Produce and analyze model outputs and spreadsheet calculations.
• Coordinate with business partners to gather data and meet deadlines.
• Document reporting procedures and maintain clear process documentation.
• Identify opportunities for process improvements, automation, and enhancements to streamline calculations.
• Support audits and model governance activities by preparing supporting documentation.

Skills

SQL or Python

MG-ALFA experience

Understanding of capital requirements

Microsoft Excel

Education

Bachelor's degree or equivalent with strong quantitative background

High school diploma

Tools

Microsoft Office 365

Job description

Symetra has an exciting opportunity to join our growing team as anActuarial Associate I!

About the role

The Enterprise Risk Management team is looking for an actuarial associate to join us! We are seeking an actuarial associate to support the Insurance Capital Standard (ICS) reporting function. You will ensure that ICS 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 on a quarterly basis.
• Manage and run models, which includes updating model inputs and producing model results in a timely manner.
• Produce and analyze model outputs and spreadsheet calculations, ensuring accuracy, completeness, and consistency.
• Coordinate with business partners to gather required data and meet reporting deadlines.
• Document reporting procedures and maintain clear process documentation.
• Identify opportunities for process improvements, automation, and enhancements to streamline calculation review and validation procedures.
• Support audits and model governance activities by preparing supporting documentation and responding to information requests.

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

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

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

Who you are

• Understanding of capital requirements and calculations.
• MG-ALFA experience.
• Proficiency in SQL or Python.
• Microsoft Office 365
• 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.
• Bachelor's degree or equivalent with strong quantitative background including college level mathematics.
• 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 with a cameras-on culture, reliable internet connectivity is important to how we connect, collaborate, and serve our customers. To support 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 in:

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