ERM Actuary I (Capital) - Remote

Symetra

55d • $117,000 - $195,100 • Remote

About The Position

In this role, you will play a key part in Symetra’s enterprise-wide capital management. This role will focus on enterprise-wide capital reporting, analysis, and projections for both US and Bermuda entities. This role provides the opportunity to work closely with the CRO, Chief Actuary, and other internal stakeholders regarding a variety of capital-related projects. You will drive the production, analysis, and documentation of capital reporting and forecasting, focusing on continuous improvement of the processes and accuracy of results.

Requirements

• Bachelors degree or equivalent with strong quantitative background including college level mathematics.
• 6 to 9 years of actuarial experience.
• 7 to 8 actuarial exams, ASA designation required. Might have FSA.
• Financial and/or capital reporting background preferred.
• Advanced excel skills required, with experience in coding and automation strongly preferred.
• Proven ability to independently analyze complex results, with strong problem-solving skills.
• Passionate about process improvement and automation.
• Highly detail-oriented, with a strong focus on accuracy and data integrity.
• Strong communication skills, including experience presenting technical concepts to non-technical audiences.
• High school diploma required.

Nice To Haves

• Proficiency in VBA, SQL/Snowflake, or Python is a plus.
• Financial and/or capital reporting background preferred.

Responsibilities

• Preparation and analysis of NAIC Risk Based Capital (RBC) and Bermuda Solvency Capital Requirement (BSCR) calculations performed on a quarterly basis, including ad-hoc sensitivity analysis and waterfall analysis to explain changes in the RBC and BSCR ratios and comparisons to plan.
• Allocation of capital from the corporate surplus account to product lines such that each division is allocated enough capital for their needs.
• RBC and BSCR forecasts to determine company-wide capital needs on an annual basis as part of the -year financial plan.
• Annual rating agency capital models, including S&P and AM Best.
• Reporting of capital risk limits and analysis to Symetra’s parent company, Sumitomo Life.
• Annual filing of RBC and BSCR year-end reports to NAIC and BMA.
• Providing capital factors for the divisional actuarial pricing teams every quarter so the divisions can price their products to appropriate capital levels.
• Updating the Symetra Investment Management on the capital implications of different asset types to determine optimal capital-efficient investment strategies.
• Assist with the analysis of ad-hoc capital-related strategic initiatives to help Symetra achieve greater capital, such as analysis of reinsurance transactions.
• Assist with determining the capital impacts of such initiatives to help prioritize strategic capital initiatives.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees