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Symetra · 1 day ago

Vice President, Sr. Actuary – Remote

United States

Contract

Remote

Senior Level, Lead/Staff

$225K/yr - $250K/yr

10+ years exp

Symetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. The Vice President, Sr. Actuary will lead all aspects of financial reporting and reinsurance for the Retirement Actuarial Group, focusing on continuous improvement of the reporting function and collaboration with leaders on new reinsurance programs and regulations.

Financial ServicesHealth InsuranceInsuranceLife Insurance

Growth Opportunities

No H1B

Responsibilities

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

Qualification

FSA designationActuarial financial reportingReinsurance experienceUS GAAP knowledgeFixed Indexed Annuity experienceActuarial modeling softwareFinancial planningDigital literacyLeadership skillsCommunication skillsProblem-solving skills

Required

Bachelor's degree with a strong quantitative background, including college-level Mathematics highly preferred. High school diploma required

10+ years of insurance-related actuarial experience required

2+ years of direct experience with reinsurance required

FSA designation required

Fixed Indexed Annuity experience required and extensive knowledge of US GAAP FAS 133 and US Statutory Actuarial Guideline 33/35

Demonstrated mastery of insurance/products and very knowledgeable on industry info. Recognized as an internal expert in a variety of company, industry, and regulatory actuarial issues

Exceptional technical and digital literacy, including use of sophisticated spreadsheets, PowerPoint, and data management tools

Excellent communication skills, with experience presenting to executive management

Proven ability to lead, empower, and handle actuarial functions and large teams remotely and across varying time zones

Strong problem-solving skills, with a high degree of accuracy and strong process organization

Proven dedication to professional development