Analyst II

Analyst II, Capital

The Analyst II, Capital position sits within the Financial Planning and Analysis team. You will support the analysis and communication of the company's regulatory and rating agency capital position. The role contributes to the production, analysis, and communication of capital metrics used by senior leadership, the rating agencies, regulators, and investors. The Analyst partners closely with Investments, Financial Reporting, Actuary, and Investor Relations to help quantify the capital implications of business decisions, including new asset onboarding, reinsurance, and strategic transactions, and to translate those impacts into clear, decision-ready insights.

This position is critical to maintaining the company's capital strength, supporting its rating agency relationships, and informing external stakeholders.

The Analyst II position reports to the Vice President, Head of FP&A and can be based out of our office in Topeka and Overland Park, Kansas, or Des Moines, Iowa. We work a hybrid schedule, offering flexibility to work both remotely and on-site.

• Maintain and update rating agency capital models (e.g., S&P, AM Best, Fitch), including data collection, quarterly updates, scenario runs, result reconciliation, variance analysis and trend tracking.
• Support the completion of annual and ad hoc rating agency surveys, credit report reviews, presentations, and information requests, coordinating data gathering across Finance, Actuarial, Investments, and Risk to collect, organize, reconcile inputs, validate data accuracy, and ensure timely, high-quality submissions.
• Support the preparation and validation of offering materials for capital market transactions.
• Working with Financial Reporting and parent company to assist the production of Group Capital Calculation (GCC) and supporting work papers, ensuring methodology consistency, accuracy, and timely regulatory submission.
• Quantify the capital impact of onboarding new assets and asset classes, partnering with Investments and Risk to evaluate charges, and rating agency treatment pre-trade and post-trade.
• Monitor and communicate developments regarding regulatory and rating agency capital requirements, assessing and summarizing potential impacts to the company.
• Support developing capital scenarios, projections, and stress tests across rating agency, regulatory, and economic capital frameworks to inform strategic planning, capital deployment, and risk appetite discussions.
• Contribute to continuous improvement of capital reporting processes, models, and controls, including documentation, automation, and review procedures.

When you join our team, you're not just getting a paycheck — you're getting a career path full of growth opportunities, plus a robust benefits package that puts your well-being first. Here's what you can expect as a full-time Security Benefit associate:

• Competitive salary and annual incentive bonuses to reward your contributions.
• 33 days of paid time off (including PTO, holidays, Volunteer Day, and days of significance).
• Paid parental leave after 90 days of service.
• Comprehensive medical, dental & vision insurance.
• 401(k) with company match, plus Profit Sharing & Savings Plan.
• Short- and Long-Term Disability Insurance to give you peace of mind.
• Flexible Spending Accounts for medical and dependent care.
• Life Insurance to protect your loved ones.
• Educational assistance to support your career development.
• Associate assistance programs for your personal and professional well-being.