Actuarial Associate I - Remote

Symetra • Bellevue, WA

4d • $72,700 - $121,100 • Remote

About The Position

The Production Associate contributes to Symetra Bermuda Servicing Company’s (“SBSC’s” or “the company’s”) in force modeling processes and procedures. Reporting to the Production Lead, this person will create SBSC model outputs for a wide range of regulatory reporting. This person will contribute to the success of the company’s modeling initiatives through developing expertise on the model and regulatory requirements, modernization of the reporting tools utilized, and improvement initiatives for the overall reporting processes.

Requirements

• Bachelor's degree in actuarial science, finance, mathematics, or related technical field required.
• Proficient in PC utilization including spreadsheets and data management software.
• Demonstrated analytical abilities, problem solving, and analysis.
• Committed to self-development and learning actuarial concepts.
• Experience with common coding and visual software, such as Python, SQL, Power BI, and Power Query.
• Experience with modeling software, with emphasis on MG-ALFA / MG-Integrate modeling.
• Effective communication with manager required.
• Actuarial Student track with at least one exam passed. Prior to attaining actuarial designations.
• Entry-level or up to 3 years of insurance related actuarial experience.
• High school diploma required.
• 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.
• 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.
• 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.

Nice To Haves

• Experience with AI coding tools a plus.

Responsibilities

• Quarterly and annual regulatory reporting, including but not limited to: Quarterly model bridging runs, Final reported BEL, BEL waterfall runs, Quarterly BEL sensitivities and stresses, Annual CISSA stresses, Annual Schedule V(e) stresses
• Annual plan, plan updates, and sensitivities
• Annual ORSA stresses
• Annual unlocking runs and sensitivities
• Develop and maintain process documentation
• Implementing improvements to reporting and to the modeling processes

Benefits

• Flexible full-time or hybrid telecommuting arrangements
• 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
• Company matching for community contributions

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level