Symetra has an exciting opportunity to join our team as anActuary II!About the roleThe Enterprise Risk Management team is looking for an actuary to join the team! Our team is responsible for risk modeling including various types of stress testing and overseeing actuarial model governance and model risk management practices across divisions. The analysis and oversight that we perform spans Symetra's three divisions including life insurance, annuity, and employee benefit products. In this position, you will leverage your knowledge and technical skills to lead and perform in-depth model validations for various product lines using multiple modeling platforms and software, recommend improvements for models based on validation findings, and work with modeling teams across the different actuarial divisions to help implement governance practices and manage model risks. This role will be critical in supporting ongoing model risk management across Symetra.What you will doLeads, executes, and provides guidance on model validation work across various actuarial divisions at the standard and level of rigor that satisfies Symetra's internal Model Risk Management Policy and any applicable regulatory requirements.Performs annual validations and prepares internal validation reports for Insurance Capital Standard (ICS) modeling and reporting.Performs model validations on a regular basis for the actuarial models used by Symetra's Bermuda entity.Leads independent peer reviews of complex quantitative models used across various business areas and communicates results to model owners, management, and other stakeholders.Assists with the coordination of external model reviews as needed.Provides consultation and support for any follow-up, remediation actions, or questions related to model validation assessments and findings.Partners with Symetra's modeling teams to manage the model inventory and risk assessment ranking tool to help identify high risk models and provide recommendations on which models to validate and the scope and depth of.Partners with Symetra's modeling teams and stakeholders to develop and implement standards for performing model validations and other modeling best practices.Designs test plans or test strategies and builds tools to standardize and aid in model validations.Prepares thorough and detailed reports for documentation and as evidence of review and model validations.Stays current on industry best practices related to model risk management and makes recommendations to management about how to improve Symetra's governance.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 AnalystWhat we offer youWe 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.Flexible full-time or hybrid telecommuting arrangementsPlan 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 holidaysGive back to your community and double your impact through our company matchingWant more details? Check out ourSymetra Benefits OverviewCompensationSalary Range: $121,300 – $202,200 plus eligibility for annual bonus programWho you areBachelor's degree or equivalent with strong quantitative background includingcollege level mathematics.5+ years of insurance related actuarial experience.Finished with actuarial exams (FSA), or career ASA with 15+ yrs. experience and strong performance.Strong communication skills, particularly as it relates to communication of technical concepts to non-technical audiences. Proven ability to communicate with senior leadership.Highly skilled in the use of spreadsheets and actuarial modeling software.Advanced knowledge of actuarial concepts and assumptions used for modeling, risk management, pricing, and/or financial reporting.Experienced with automation and process improvement.Ability to solve complex actuarial problems independently in a multi-dimensional context.Significant knowledge of insurance products and the industry.Deep understanding of insurance GAAP and Statutory accounting concepts and of company financials (income statements, balance sheets, investment portfolio, and policyholder reserves).Experienced in a variety of company, industry, and regulatory actuarial issues. Commitment to professional development.MG-ALFA experience.PolySystems is highly preferred and GGY-AXIS experience is a plus.Past experience managing or guiding junior actuaries.Proficiency in SQL or Python is preferred.Microsoft Office 365.We empower inclusionAt 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 effortsHere.Creating a world where more people have access to financial freedomSymetra 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/careersWork AuthorizationEmployer 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
