Associate Actuary

Symetra is a dynamic and growing financial services company with 60 years of experience and customers nationwide. In our daily work delivering retirement, employee benefits, and life insurance products, we're guided by the principles of VALUE, TRANSPARENCY AND SUSTAINABILITY. That means we provide products and services people need at a competitive price, we communicate clearly and honestly so people understand what they're getting, and we build products that stand the test of time. We work hard and do what's right for our customers, communities and employees. Join our team and share in our success as we work toward becoming the next national player in our industry. The total Retirement Division Actuarial team is about 20 people. The Associate Actuary is expected to collaborate frequently with the pricing and valuation as well as with corporate finance. There is a strong team environment such that people frequently can get involved in projects outside their core discipline. Symetra's retirement division has grown to nearly $30B in assets and provides great opportunities for actuaries to work on a variety of annuity related activities and cutting edge products. Key Responsibilities - Planning and Modeling Risk Management- Symetra's Retirement Division has had significant growth in the indexed annuity markets. The indexed annuity product portfolio expansion has fueled this growth and now includes indexed annuities for accumulation, with living benefit riders, and with death benefit riders. This combined with the existing portfolio of fixed annuities and immediate annuities has created many challenging opportunities. This position will be for someone to play a lead role in the planning and model risk management effort. The key activities for the function will include the following: Assure the FIA plan model is accurate and up to date on a quarterly basis. They will use the model to provide forward looking views on earnings based on changing market conditions Be the lead for the retirement division actuarial responsibilities for model risk management. This will include representation on company-wide committees as well as being a key internal resource for assuring model consistency between reporting and pricing and model validation. The person will support the development of more complex models within the division which could include fixed, indexed, and immediate annuities The person will be a flex resource of other actuarial projects related to pricing and reporting further diversifying the opportunity. The person should have the ability to improve processes and create efficiencies with reporting, documentation, and transparency. Commitment to self-development and advanced industry knowledge. The position may assist with division and actuarial team strategy. YourMembership_RPM. Keywords: Actuary, Location: Bellevue, WA - 98004
Full time
Bellevue, Washington 98004, US