Senior Associate, Alternative Assets - Hybrid

Symetra; United States; Hybrid; USD 146,000 - 197,000; Full time

Benefits offered by this job

Hybrid work arrangements

401(k) plan with immediate vesting and

company matching up to 6%

Paid time away

Company matching

Job summary

Symetra, a leading financial services company, seeks an Alternative Assets Senior Associate to help lead investments across private equity, private credit, secondaries, and related opportunities for SIM's clients, including affiliated life insurance portfolios. The role is hybrid, based in Farmington, CT (Mandatory 2 days in office).

You will perform sourcing, evaluation, due diligence, and monitoring, coordinating with legal, accounting, and compliance to deliver results that meet client

Qualifications

• BS 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 willingness to take on increasing responsibilities.
• Understanding of the insurance company framework and exposure to alternative investments in a capital efficient manner.
• Capital market fundamentals and knowledge of private equity and private credit spaces.

Responsibilities

• Source, evaluate, and implement alternative asset investment opportunities with focus on risk/return, diversification, capital/tax efficiency, and other client-specific considerations.
• Conduct manager due diligence and coordinate with other areas of SIM; develop relationships with sourcing partners.
• Present recommendations internally and collaborate with legal and compliance on documentation.

Skills

Quantitative skills

Financial market knowledge

Communication

Team collaboration

Education

BS degree in economics, finance, accounting, mathematics, or other suitable field

Job description

About the role

The Alternative Assets Senior Associate will assist in leading 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).

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 do

• Source, 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 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.

• Hybrid work 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 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: $145,900 - $197,400 plus eligibility for annual bonus program

Who you are

• BS 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 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.

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.

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