Vice President, Sr. Actuary – Remote

About the role

In this role, you will lead all aspects of financial reporting and reinsurance for Symetra’s Retirement Actuarial Group. This role will report to the Retirement Actuarial lead SVP and will be a member of management and hold an important leadership position as the company expands.

The VP, Sr. Actuary, will prepare materials and present them at quarterly business results meeting with the CEO and Senior Leadership Team. You will focus on continuous improvement of the reporting function and collaborate with leaders on new reinsurance programs and regulations. You will prioritize the company’s financial well-being, and own the production, analysis, and documentation of actuarial financial reporting. You will play a vital role in profitability analysis, financial planning, and reinsurance strategy.

• Direct the actuarial valuation groups for the retirement division according to US GAAP and US Statutory standards.
• Coordinate and review the asset / liability modeling development and output for any principles-based reserving for US Statutory and any Market Risk Benefits.
• Conduct monthly financial results analysis and review, taking ownership of explaining actual-to-plan variances.
• Prepare the division’s financial and business plan.
• Management related duties including reviewing work, developing employees, and leading teams.
• Ensure accurate governance and controls over the financial reporting processes.
• Prioritize modeling improvements and updates. Direct strategy on model optimization and reporting framework.
• Provide input on potential future annuity reinsurance transactions, including offshore agreements.
• Analyze existing reinsurance agreements to assess financial viability and optimize terms, making recommendations to management based on results.
• Establish and run operational aspects of financial reporting including reinsurance for the retirement division, ensuring processes align with industry guidelines and contract terms.
• Act as the primary point of contact for reinsurance status updates, report outs, and audits.
• Approximately
  40% of time spent on recurring duties,20% on project related work, and 40% management related duties including reviewing work, developing employees, and leading teams.

Here’s what some of our employees have to say about why they 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., VP Internal Sales

“We're big enough to make an impact on the country, but small enough to care and know who you are and what you're contributing to the organization. All new ideas are welcome!” - Stephanie

F., VP Customer Service & Operations

• 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

Salary Range : $225,000 – $250,000 plus eligibility for annual bonus program and long-term incentive plan

• Bachelor’s degree with a strong quantitative background, including college-level Mathematics highly preferred. High school diploma required.
• 10+ years of insurance-related actuarial experience required.
• 2+ years of direct experience with reinsurance required.
• FSA designation required.
• Fixed Indexed Annuity experience required and extensive knowledge of US GAAP FAS 133 and US Statutory Actuarial Guideline 33 / 35.
• Demonstrated mastery of insurance / products and very knowledgeable on industry info. Recognized as an internal expert in a variety of company, industry, and regulatory actuarial issues.
• Registered Indexed Annuity Experience Preferred.
• Exceptional technical and digital literacy, including use of sophisticated spreadsheets, PowerPoint, and data management tools.
• Excellent communication skills, with experience presenting to executive management.
• Proven…