Actuary II - ICS Reporting Lead - Remote

Symetra is hiring an Actuary II to lead its Insurance Capital Standard (ICS) reporting function on the Enterprise Risk Management team. This is a remote role in the United States, open to candidates with at least six years of insurance-related actuarial experience and a deep understanding of ICS requirements and calculations. You would own the ongoing reporting, analysis, and process improvements tied to a group-wide capital regulatory requirement, and work with teams across the company, including Symetra's Japanese parent company, Sumitomo Life.

What you will do

• Lead, oversee, and carry out ICS reporting and analysis, and serve as a subject matter expert on ICS.
• Interpret regulatory requirements and turn them into actionable plans, ensuring compliance with ICS technical specifications.
• Own, review, and analyze model outputs and spreadsheet calculations for accuracy, completeness, and consistency.
• Present and explain results to senior management, Sumitomo Life, regulatory authorities, and other stakeholders.
• Understand how Symetra's business would be affected by various scenarios, and make sure ICS modeling processes capture all material risks.
• Improve processes for calculating and reporting capital requirements under ICS, including automation and enhancements to calculation review and validation.
• Supervise process improvements to models and spreadsheet calculations done by junior staff, review their work, and give practical support and feedback.
• Mentor and guide junior members of the team.
• Coordinate across departments to deliver key projects and deliverables.
• Work with external consultants to stay current on ICS developments, regulatory changes, and industry practices.
• Work with external auditors to confirm calculation methods comply with regulatory requirements, and identify corrective measures when needed.
• Uphold professional ethics and integrity in actuarial work, following internal policies, external regulations, and professional standards.

What they are looking for

• 6+ years of insurance-related actuarial experience.
• Bachelor's degree or equivalent with a strong quantitative background, including college-level mathematics.
• Finished with actuarial exams (FSA), or career ASAs with 15+ years of experience and strong performance.
• Deep understanding of Insurance Capital Standard requirements and calculations.
• MG-ALFA experience.
• Past experience managing or guiding junior actuaries.
• Proficiency in SQL or Python is preferred.
• Microsoft Office 365.
• Strong communication skills, especially explaining technical concepts to non-technical audiences, with a proven ability to communicate with senior leadership.
• Highly skilled with spreadsheets and actuarial modeling software.
• Advanced knowledge of actuarial concepts and assumptions used for modeling, risk management, pricing, and/or financial reporting.
• Experience with automation and process improvement.
• Ability to solve complex actuarial problems independently in a multi-dimensional context.
• Ability to work in a team environment while adapting to and supporting change.
• Significant knowledge of insurance products and the industry.
• Deep understanding of insurance GAAP and Statutory accounting concepts and of company financials, including income statements, balance sheets, investment portfolio, and policyholder reserves.
• Experience with a variety of company, industry, and regulatory actuarial issues.
• Commitment to professional development.
• High school diploma required.

Pay and benefits

The salary range is $128,700 to $214,600 per year, plus eligibility for annual bonus programs. Symetra offers flexible full-time or hybrid telecommuting arrangements, a 401(k) plan with immediate vesting and company matching up to 6%, paid time away including vacation, sick time, flex days, and ten paid holidays, and company matching for community giving.

Location and work authorization

This is a remote role in the United States. Employer work visa sponsorship and support are not provided. Applicants must be authorized to work in the United States at hire and maintain that authorization throughout employment.

Symetra sets standards for remote employees' internet connections: minimum 100 Mbps download and 20 Mbps upload, using fiber, cable, or DSL. Satellite, cellular broadband, other wireless technology, and wired dial-up are not permitted. Candidates will be asked to test their internet speed and confirm it meets the standard when applying.

About Symetra

Symetra is a national financial services company that helps people work toward their financial goals. The company says it is guided by Value, Transparency, and Sustainability, and that it aims to be an inclusive workplace where employees feel valued and respected. Candidates will be on video for all interviews after the initial phone screen, and Symetra verifies candidate identity at key points in the process.