What are the responsibilities and job description for the Manager of Investment Financial Reporting position at Symetra?
Symetra has an exciting new opportunity to join us as aManager of Investment Financial Reportingon the Investment Accounting and Reporting Team!
About the role
Symetra's Investment Accounting team is looking to add a new manager with a focus on investment accounting reporting for GAAP and Statutory for our diversified portfolio. We are looking for an individual with public accounting experience, strong technical skills and asset knowledge as well as superior communication, people management and coaching abilities.
As theManager of Investment Financial Reporting, you will be working with a diverse investment portfolio including bonds, stocks, mortgage loans, derivatives, hedge funds, limited partnerships and tax credits and working closely with Symetra's reporting teams and policy research specialists and advisors to ensure accurate understanding of assets and their financial presentation and disclosure requirements. You will be overseeing the preparation, review and delivery of investment-related GAAP financial statements and footnotes, Statutory reporting (including Blue Books and Green Books), management reporting and impairment analyses. You will manage a team of investment accounting professionals and ensure accuracy, compliance and consistency in all accounting and reporting processes. This role offers the opportunity to leverage insurance and investment accounting knowledge in a collaborative, fast-paced environment. You will be a part of a team with other investment accounting professionals and will provide management and coaching to their direct reports as well as others on the team.
What you will do
- Provide oversight of GAAP and Statutory investment accounting reporting and footnotes and related financial statement presentation, including review and approval of Blue Book and Green Book schedules
- Own governance for management reporting on investments, including variance and trend analyses with executive commentary
- Oversee impairment frameworks (CECL/OTTI), including monitoring triggers, conclusions and documentation
- Maintain, refine and enforce investment accounting policies, position papers and control narratives
- Partner closely with the GAAP and Statutory reporting teams to ensure accuracy, consistency and timely disclosures
- Coordinate responses to internal/external audit and regulatory inquiries related to investment accounting and reporting
- Sponsor process and control enhancements that improve transparency, quality and automation in reporting workflows
- Provide leadership, coaching and career development for direct reports
- Review analytics and management-level dashboards to highlight portfolio insights and emerging risks
- Lead ad hoc projects and stakeholder communications on new products, transactions and standard-setting impacts
Why Work at Symetra
Here's what some of our employees have to say about why they work at Symetra:
"Symetra will spoil you. There aren't many companies that will put as much effort into you being a success as Symetra. The culture will challenge you but simultaneously put you at ease. Failure is seen as integral to the learning process so there is less reason to be fearful of it." - Kerry S., Sr. Systems Analyst
"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
What we offer you
Benefits and Perks
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: $106,400 - $177,300 plus eligibility for the company annual bonus program.
Who You Are:
- High School Diploma is required, plus a BA/BS in Accounting or Finance; advanced degree and CPA strongly preferred
- Public accounting experience required (Big 4 or national firm strongly preferred)
- Insurance and/or investment accounting experience or exposure strongly preferred
- A proven track record of strong critical thinking and innovative problem solving, consistently challenging conventional approaches to drive meaningful process improvements, modernize workflows and elevate overall operational effectiveness
- 5 years of relevant experience, including at least 3 years leading or supervising teams
- Understanding of GAAP and Statutory accounting for investments, including Blue/Green Book reporting
- Strong analytical, technical and documentation skills
- Exceptional communication skills with the ability to explain complex accounting topics to various audiences
- Highly organized, detail-oriented, and comfortable managing competing priorities
- A highly effective collaborator across your team, Investment Accounting and the full Symetra Finance team
- Some minimal annual travel required (for people manager roles only)
Travel:
- Required Training & Professional Development
All newly hired people leaders with direct reports are required to complete a comprehensive leadership development program within their first year. This program includes both virtual and in-person training. The in-person sessions will take place at Symetra's corporate headquarters in Bellevue, Washington. Symetra covers all travel and accommodation expenses. - Reasonable Accommodations
Symetra is committed to providing equitable access to all job-related responsibilities, including required travel. If reasonable accommodation is needed for travel, Symetra's HR department will work to provide appropriate solutions in alignment with individual needs and company policies.
We empower inclusion
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.
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 efforts here.
Creating a world where more people have access to financial freedom
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.
For more information about our careers visit https://symetra.eightfold.ai/careers/
Work Authorization
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.
Please review Symetra's Remote Network Minimum Requirements:
As a remote-first organization committed to providing a positive experience for both employees and customers, Symetra has the following standards for employees' internet connection:
- 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.
When applying to jobs at Symetra you'll be asked to test your internet speed and confirm that your internet connection meets or exceeds Symetra's standard as outlined above.
Identity Verification
Symetra is committed to fair and secure hiring practices. For all roles, 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.
Failure to comply with verification procedures may result in:
- 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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