What are the responsibilities and job description for the Vice President, Sr. Actuary – Remote position at Symetra?
Symetra has an exciting opportunity to join our team as a Vice President, Sr. Actuary!
About the role
In this role, you will lead all aspects of financial reporting and reinsurance for Symetra’s Retirement Actuarial Group. This role will report to the Retirement Actuarial lead SVP and will be a member of management and hold an important leadership position as the company expands.
The VP, Sr. Actuary, will prepare materials and present them at quarterly business results meeting with the CEO and Senior Leadership Team. You will focus on continuous improvement of the reporting function and collaborate with leaders on new reinsurance programs and regulations. You will prioritize the company’s financial well-being, and own the production, analysis, and documentation of actuarial financial reporting. You will play a vital role in profitability analysis, financial planning, and reinsurance strategy.
What You will Do
- Direct the actuarial valuation groups for the retirement division according to US GAAP and US Statutory standards.
- Coordinate and review the asset/liability modeling development and output for any principles-based reserving for US Statutory and any Market Risk Benefits.
- Conduct monthly financial results analysis and review, taking ownership of explaining actual-to-plan variances.
- Prepare the division’s financial and business plan.
- Management related duties including reviewing work, developing employees, and leading teams.
- Ensure accurate governance and controls over the financial reporting processes.
- Prioritize modeling improvements and updates. Direct strategy on model optimization and reporting framework.
- Provide input on potential future annuity reinsurance transactions, including offshore agreements.
- Analyze existing reinsurance agreements to assess financial viability and optimize terms, making recommendations to management based on results.
- Establish and run operational aspects of financial reporting including reinsurance for the retirement division, ensuring processes align with industry guidelines and contract terms.
- Act as the primary point of contact for reinsurance status updates, report outs, and audits.
- Approximately 40% of time spent on recurring duties, 20% on project related work, and 40% management related duties including reviewing work, developing employees, and leading teams.
Why Work at Symetra
Here’s what some of our employees have to say about why they 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., VP Internal Sales
“We're big enough to make an impact on the country, but small enough to care and know who you are and what you're contributing to the organization. All new ideas are welcome!” - Stephanie F., VP Customer Service & Operations
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: $225,000 – $250,000 plus eligibility for annual bonus program and long-term incentive plan