What are the responsibilities and job description for the Actuary I - Workforce Benefits Valuation - Remote position at Symetra?
Symetra has an exciting opportunity to join our growing team as an Actuary I!
About the role
The Benefits Actuarial department is looking for an actuary to join the team! We are an inclusive and flexible team that values diverse experiences and backgrounds. Our area is responsible for the valuation and risk management of our $1.3B book of group life, disability, and supplemental health business. As a student in Benefits Actuarial, you will leverage your business knowledge and technical skills to advance our actuarial capabilities and output. This role will be part of the Symetra Actuarial Student Program with exam support, mentoring, and opportunities to rotate throughout the company's actuarial departments.
Specific projects may include: improving our reserve and business modeling, and working with our business partners to improve our predictive and analytical tools. Our vision at Symetra is to create a world where people have more access to financial freedom; the benefits actuarial team plays a key role in ensuring we maintain a sustainable business where people matter. Our team members work across the country with options for working fully remotely or with a hybrid set up.
What you will do
- Develop and maintain actuarial models for benefits valuation and risk management.
- Apply advanced analytics techniques, including AI where appropriate, to perform experience studies and refine assumptions and models.
- Collaborate with cross-functional teams to ensure the accuracy and completeness of actuarial analysis.
- Drive automation of processes, strong data governance, and enhanced analytical capabilities in order to provide valuable insights to management.
- Commit to self-development, attaining industry knowledge, and passing actuarial exams to achieve actuarial designation.
- Provide guidance and mentorship to junior actuaries.
Why work at Symetra
"I feel welcome and included at Symetra every day and I really believe you can be you at Symetra." - Megan H., Deputy Chief Compliance Officer
"I am grateful to be here and I know how blessed I am to work for a company that truly cares about me as a person". - Nancy R., Sr. Investment Fund Analyst
What we offer you
We 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 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
- Want more details? Check out our Symetra Benefits Overview
Compensation
Salary Range:$117,000 - $195,100 plus eligibility for annual bonus programs
Who you are
- Bachelors degree or equivalent with strong quantitative background including college level mathematics.
- 6 to 9 years of insurance related actuarial experience.
- ASA designation required, might have FSA.
- Creativity and flexibility to suggest and implement new techniques, software, and/or processes to improve business analysis.
- Strong communication skills, particularly as it relates to communication of technical concepts to non-technical audiences.
- Strong technical skills including managing large data sets and Excel.
- Ability to solve complex actuarial problems.
- Basic knowledge of insurance products and the industry.
- Commitment to professional development and passing actuarial exams.
- Proficiency in SQL or Python is preferred.
- Experience with automation and process improvement is a plus.
- High school diploma required.
At 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.
Symetra 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.
Employer 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.
- 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.
- Disqualification from the recruitment process
- Withdrawal of a job offer
- Termination of employment and other criminal and/or civil remedies, if fraud is discovered
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Salary : $117,000 - $195,100