Senior Associate, Alternative Assets - Hybrid

Symetra; Farmington (CT); Hybrid; USD 146,000 - 197,000; Full time

Benefits offered by this job

Hybrid work arrangements

401(k) with company match

Paid time away

Company matching donations

Job summary

Symetra Investment Management (SIM) seeks a Senior Associate, Alternative Assets, to source, evaluate and monitor investments across private equity, private credit, secondaries and related strategies for life-insurance clients. You will manage due diligence, coordinate with legal/compliance, and present recommendations to the investment committee.

Hybrid role based in Farmington, CT requiring 2 days in the office, with a focus on risk-adjusted returns, capital efficiency and client-specific

Qualifications

• BS degree in economics, finance, accounting, mathematics, or other suitable field with quantitative skills/background
• Experience in a front office role in a bank, insurance company, pension fund, or asset management firm
• 5+ years of experience in alternative asset management
• Understanding of insurance company framework and capital-efficient investments
• Knowledge of private equity and private credit sub-sectors
• Ability to manage multiple tasks in a small team and meet deadlines

Responsibilities

• Source, evaluate, and implement alternative asset opportunities focusing on risk/return, diversification, and tax efficiency
• Conduct manager due diligence and coordinate with SIM across departments
• Develop relationships with sourcing partners and present recommendations internally
• Collaborate with legal and compliance on documentation and reporting
• Monitor investments and external managers and maintain repeatable reporting processes
• Stay informed on industry trends and perform ad-hoc research

Education

Bachelor's degree in economics/finance/accounting/mathematics

Job description

Symetra has an exciting opportunity to join our team as an Sr. Associate, Alternative Assets!About the roleThe Alternative Assets Senior Associate will assist in lead ing investments including the sourcing, modeling, evaluation, legal negotiation, execution and monitoring of alternative assets for SIM’s clients, and in particular, its affiliated life insurance clients. The successful candidate will assist in executing this strategy with a particular emphasis on the unique needs and/or constraints of each corresponding client portfolio, and in a way that balances sometimes competing objectives such as risk, long-term return, capital and/or tax efficiency, and other factors. The investable universe is expected to include externally managed positions, such as private equity, private credit, secondaries, affordable housing tax credit funds, CLO equity, co-investments, and other potential areas as identified by the Head of Alternative Assets and approved internally. The alternatives team will coordinate due diligence with the internal investment committee and other members of the SIM front office with expertise in relevant areas, as applicable. Close collaboration with key stakeholders, accounting, legal, operations, compliance, and reporting at SIM and Symetra Life will also be critical to ensure the timely delivery of, results, and benchmarking that meet portfolio manager and client requirements.This is a hybrid work role based in Farmington Connecticut (Mandatory 2 days in office) .Who we areSymetra Investment Management (“SIM”) is a SEC-registered investment advisory firm with approximately $93.8 billion in assets under management as of June 30, 2026. Symetra Financial Corporation, a diversified financial services company with $77.9 billion in assets as of December 31, 2025, headquartered in Bellevue, Washington. Symetra Financial Corp. is the holding company of Symetra Life Insurance Company, which was founded in 1957. Symetra Life has insurer financial strength ratings of ‘A’ by A.M. Best and Standard & Poor’s and ‘A1’ by Moody’s. Symetra Life is among the top 40 largest life insurance companies in the United States (based on statutory admitted assets as of December 31, 2025) and has approximately 5.5 million customers and over 3,200 employees nationwide.Corporate Parent Company : Sumitomo Life Insurance Company, a mutual life insurance company with head offices in Osaka and Tokyo, Japan. Founded in 1907, Sumitomo is one of the largest life insurance companies in Japan with ¥ 51.6 trillion ($322.6 billion) of assets (March 31, 2026).What you will doSource, evaluate, and implement alternative asset investment opportunities with a focus on risk/return, long-term return potential, diversification, capital/tax efficiency, and other client-specific considerations. Conduct manager due diligence, coordinating with other areas of SIM as appropriate. Develop/expand relationships with sourcing partners. Present recommendations internally. Collaborate with legal and compliance teams on documentation.Conduct ongoing reporting and surveillance of investments and external managers. Monitor appropriate analyses for holdings. Maintain and improve repeatable processes for quantifying and reporting results as needed.Keep apprised of emerging industry trends and themes in alternative asset management and perform ad-hoc research projects as needed.What we offer youWe 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.Hybrid work arrangementsPlan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%Paid time awayGive back to your community and double your impact through our company matchingWant more details? Check out our Symetra Benefits OverviewCompensationSalary Range: $145,900 – $197,400 plus eligibility for annual bonus programWho you areBS degree in economics, finance, accounting, mathematics, or other suitable field with appropriate quantitative skills / background.5+ years of experience in a front office role in a bank, insurance company, pension fund, or other asset management firm.5+ years of experience in alternative asset management, with a willingness to take on increasing responsibilities.An understanding of the insurance company framework, including the generation of exposure to alternative investments in a capital efficient manner, is helpful.Capital market and the fundamentals of alternative assets understanding.The fundamentals of various sub-sectors within private equity and private credit as well as other; traditional and emerging alternative asset spaces.Alternative asset portfolio construction and monitoring.Experience in evaluating and reporting on relationships with a range of alternative managers/strategies.A “get it done” work ethic that supports the completion of tasks within specified timeframes, and the ability to adjust to shifting priorities as business conditions warrant, understanding that the work requirements of the position will sometimes embed inflexible deadlines.The ability to work cooperatively and collegially within a small team environment and communicate ideas effectively.We empower inclusionAt 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 freedomSymetra 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/careersWork AuthorizationEmployer 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 committed to providing 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 VerificationSymetra 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 processWithdrawal of a job offerTermination of employment and other criminal and/or civil remedies, if fraud is discovered