Actuary I, ERM - Remote

Job title: Actuary I, ERM - Remote in USA at Symetra Life Insurance Company
Company: Symetra Life Insurance Company
Job description: Job Description:Symetra has an exciting opportunity to join our team as an Actuary I!About the roleThe Enterprise Risk Management team is looking for an actuary to join the team! We are seeking an experienced Actuary to support the Insurance Capital Standard (ICS) reporting function. In this role, you will be involved with the development, implementation and maintenance of an emerging group-wide capital regulatory requirement. The ideal candidate will have a deep understanding of ICS requirements, strong quantitative skills, and the ability to effectively communicate complex results to stakeholders at all levels, including our Japanese parent company, Sumitomo Life.What you will do

• Design and implement processes for calculating and reporting on capital requirements under the ICS framework.
• Enhance ICS calculations through the development, testing, and implementation of modeling improvements.
• Design a movement of analysis, considering economic and non-economic factors to explain year-over-year results in capital movements.
• Create analytical tools to assess capital requirements by product lines and evaluate the impacts of new reinsurance and capital solutions within the ICS framework.
• Identify opportunities for process improvements, automation, or enhancements to streamline calculation review and validation procedures.
• Interpret and translate regulatory requirements into actionable plans while ensuring compliance with the ICS technical specifications.
• Present and explain results and findings to senior management, Sumitomo Life, regulatory authorities, and other key stakeholders as needed.
• Understand how Symetra’s business would be impacted by various types of scenarios and ensure that ICS modeling processes are capturing all material risks.
• Communicate across departments to coordinate the delivery of key projects.
• Collaborate with external consultants and other associates to stay informed of ICS developments, regulatory changes, and emerging industry practices.
• Collaborate with external auditors to ensure calculation methods and practices comply with regulatory requirements and identify corrective measures as needed.
• Uphold professional ethics and integrity in actuarial work, ensuring adherence to internal organizational policies, external regulations, and professional standards.

Why work at Symetra“If you want to invest in yourself and build a career, this is a great place to work. If you don't want to put in the effort to learn the industry and become a student of the business (it takes real effort!), there are easier places to work.” Cris H. - AVP Internal Sales, Training and Development“Symetra is inclusive of all employees regardless of their personal differences.” Darrell J. - Actuary III“Symetra values learning. Symetra has so many resources - whether that is the Student of the Business courses, sponsorship of professional certifications, or just individual employees being so willing to teach and answer questions.” Felicia D. - Financial Reporting Lead Senior AnalystWhat 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.

• 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

CompensationSalary Range: $103,300 – $172,200 plus eligibility for annual bonus programsWho you areBachelor's degree or equivalent with strong quantitative background including college level mathematics.4+ years of insurance related actuarial experience.ASA designation required, may have FSA. 7 to 8 actuarial exams. * Strong communication skills, particularly as it relates to communication of technical concepts to non-technical audiences. Proven ability to communicate with senior leadership.

• Highly skilled in the use of spreadsheets and actuarial modeling software.
• Advanced knowledge of actuarial concepts and assumptions used for modeling, risk management, pricing, and/or financial reporting.
• Experienced with automation and process improvement.
• Ability to solve complex actuarial problems independently in a multi-dimensional context.
• Ability to work in a team environment, while adapting and supporting change.
• Significant knowledge of insurance products and the industry.
• Deep understanding of insurance GAAP and Statutory accounting concepts and of company financials (income statements, balance sheets, investment portfolio, and policyholder reserves).
• Experienced in a variety of company, industry, and regulatory actuarial issues.
• Commitment to professional development.
• Deep understanding of Insurance Capital Standard requirements and calculations.
• MG-ALFA experience.
• Past experience managing or guiding junior actuaries.
• Proficiency in SQL or Python is preferred.
• High school diploma required.

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 perspectives, 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 .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:Work 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.#LI-BV1#LI-Remote
Expected salary: $103300 - 172200 per year
Location: USA
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