Derivative Analyst & Trader - Hybrid

Symetra; United States; Hybrid; USD 132,000 - 179,000; Full time

Benefits offered by this job

401(k) plan with immediate vesting and company matching

Self-managed time away and paid holidays

Company matching for community impact initiatives

Job summary

Symetra is looking for a Derivatives Analyst and Trader to join their investment management team in Farmington, Connecticut. This hybrid role requires a hands-on approach to trading and analytical responsibilities, focusing on scalable trading processes. The ideal candidate will be well-organized, independent, and possess strong quantitative skills.

The position offers a competitive salary range of $132,000 – $179,000, plus eligibility for an annual bonus program. Candidates should have a B.S. degree and 5+ years of relevant experience.

Qualifications

• 5+ years of experience in a hands-on derivatives trading and analysis role.
• Ability to multitask in a fast-paced environment.
• Understanding of derivatives pricing and hedging techniques.

Responsibilities

• Execute derivative trades in accordance with the Company's approved derivatives programs.
• Conduct analytical work on derivative assets and insurance liabilities.
• Perform reporting duties using PowerBI to modernize reporting.

Skills

Python

VBA macros

SQL

Advanced spreadsheet skills

Attention to detail

Education

B.S. degree in computer science, mathematics or engineering

Tools

PowerBI

NumeriX

Job description

About the Role

The Derivatives Analyst and Trader will have various trading, analytical, and quantitative analysis responsibilities within the derivatives front office of the investment management department. This is a technology‑focused, hands‑on trading role, and the ideal candidate is a self‑starter who is comfortable building scalable trading processes and tools in an idea‑driven environment.

This is a hybrid work role based in Farmington, Connecticut.

What you will do

• Execute derivative trades in accordance with the Company’s approved derivatives programs, including both cleared and bilateral derivatives markets using exchange‑listed and OTC instruments across equity, rates, credit, commodity, and FX derivatives. Review and execute trade confirmations and interface with Operations on trade lifecycle aspects such as collateral management, trade booking, reconciliation, and settlements.
• Conduct analytical work on derivative assets and insurance liabilities to manage the derivatives portfolio. Use Python, VBA macros, SQL, and financial/statistical software to support trading, risk, and P&L analysis. Develop trading tools and automate processes.
• Perform reporting duties, including regular and on‑demand reporting for hedge execution, using PowerBI to modernize reporting. Build and maintain SQL queries, database and reporting functionality, market and trade data retrieval, and other systems supporting derivatives analytics.

Compensation

Salary Range: $132,000 – $179,000 plus eligibility for an annual bonus program.

Who you are

• B.S. degree in computer science, mathematics or engineering.
• 5+ years of experience in a hands‑on derivatives trading and analysis role focused on hedging or derivatives markets in an insurance company or asset‑management firm.
• Ability to handle trade requests from multiple sources simultaneously and multitask in a fast‑paced environment.
• Well organized, independent, entrepreneurial, and self‑motivated with composure under pressure.
• Strong work ethic supporting completion of tasks within specified timeframes, even under inflexible deadlines.
• Attention to detail and balanced project and trading responsibilities.
• Advanced spreadsheet and coding skills, with emphasis on automation and daily maintenance of quantitative trading and portfolio management tools.
• Sound understanding of derivatives‑oriented technology platforms and a demonstrable grasp of derivatives pricing and hedging, including risk‑neutral valuation and option pricing techniques.
• Direct familiarity with index‑linked insurance products, indexed and/or variable annuity hedging programs, equity index options, NumeriX, and derivative collateralization regimes is preferred.

Benefits

• 401(k) plan with immediate vesting and company matching up to 6%
• Self‑managed time away and paid holidays
• Company matching for community impact initiatives