What are the responsibilities and job description for the VP, Sr. Retirement Actuary - Remote position at Symetra?
Symetra has an exciting opportunity to join our team as Vice President, Senior Actuary
About the role :
This role will oversee the financial reporting and reinsurance function for Symetra's Retirement Actuarial Group. This person will prepare materials for and present at the company's quarterly business results meeting with the CEO and Senior Leadership Team. Reporting to the Retirement Actuarial lead SVP, the VP Actuary is a member of the company's management team and will play an important leadership role as the company grows, working toward continued operational excellence within the reporting function and working with leaders on new reinsurance programs and new regulations with a mind towards the financial health of the company. This person will lead the production, analysis, and documentation of actuarial financial reporting, while also playing a fundamental role in profitability analysis, financial planning, and reinsurance strategy. The successful candidate will also be responsible for managing internal and external actuarial support.
What you will do
- Leads the actuarial valuation teams for the retirement division based on US GAAP and US Statutory
- Oversight and review of the asset / liability modeling development and output for any principles-based reserving for US Statutory and any Market Risk Benefits
- Monthly financial results analysis and review and ownership over explaining actual-to-plan variances
- Preparation of the division's financial and business plan
- Management related duties including reviewing work, developing employees, and leading teams
- Ensure proper model governance and controls over the financial reporting processes
- Prioritizes modeling enhancements and updates. Directs strategy on model optimization and reporting framework.
- Provides input on potential future annuity reinsurance transactions, including offshore agreements.
- Performs analysis of existing reinsurance agreements to assess the financial viability of maintaining the agreements in place and optimize the terms of the agreements. Makes recommendations to management accordingly based on the results of this work. Works with reinsurers and internal stakeholders to renegotiate reinsurance agreements as needed. Project-related work including deal analysis and implementation of new reinsurance deals.
- Will help establish and run operational aspects of financial reporting including reinsurance for the retirement division. Ensures that RD administrative processes are consistent with industry best practices as well as with reinsurance contract terms.
- Would be the lead contact on reinsurance status updates and report outs as well as any audits around reinsurance, both internal and external.
Will manage a team of 12 actuaries doing financial reporting work. Will report to Symetra Life Insurance Company's SVP Sr Actuary Retirement Division and will work closely with SFC's SVP Chief Actuary.
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 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.
Compensation
Salary Range : $225,000 - $250,000plus eligibility for annual bonus programs
Who you are
Travel :
All newly hired people leaders with direct reports are required to complete a comprehensive leadership development program within their first year. This program includes both virtual and in-person training. The in-person sessions will take place at Symetra's corporate headquarters in Bellevue, Washington. Symetra covers all travel and accommodation expenses.
Symetra is committed to providing equitable access to all job-related responsibilities, including required travel. If reasonable accommodations are needed for travel, Symetra's HR department will work to provide appropriate solutions in alignment with individual needs and company policies.
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 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 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.
LI-BV1
LI-Remote
Salary : $225,000 - $250,000
