Role Description
The Retirement Actuarial team is looking for an Actuarial Associate I to support retirement product pricing. This entry-level actuarial student role offers an opportunity to build actuarial knowledge and technical skills while contributing to analyses that support pricing and product-development decisions.
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Provide actuarial support for recurring retirement product-pricing activities and project work.
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Assist with maintaining and updating actuarial pricing models, spreadsheets, databases, and other analytical tools under the guidance of experienced actuaries.
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Gather, organize, validate, and analyze data used in pricing analyses.
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Review pricing model outputs, identify unexpected results, and summarize findings for more experienced actuaries.
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Prepare recurring reports and supporting materials for actuarial and business partners.
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Assist with profitability, sensitivity, and scenario analyses using established methods and procedures.
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Research annuity products and competitor offerings to support pricing and product-development work.
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Document assumptions, processes, methodologies, and analytical results.
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Identify opportunities to improve the accuracy and efficiency of recurring processes, including opportunities to use automation and AI tools with guidance from the team.
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Collaborate with actuarial team members and other business partners to complete assigned work.
Qualifications
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This is an entry-level opportunity, typically suited to candidates with 0β2 years of relevant experience. Prior professional actuarial experience is not required.
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Bachelorβs degree in actuarial science, mathematics, statistics, economics, finance, or a related field.
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Foundational quantitative, analytical, and problem-solving skills.
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Working knowledge of Microsoft Excel for organizing data, applying formulas, and performing analysis.
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Attention to detail and the ability to follow established procedures, check results for accuracy, and document work.
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Clear verbal and written communication skills, including the ability to summarize findings and ask questions when guidance is needed.
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Ability to organize assigned work, meet deadlines, and collaborate with team members and business partners.
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Willingness to learn actuarial concepts and modeling tools, incorporate feedback, and build knowledge of retirement products.
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Willingness to explore and use AI tools to improve analytical processes, increase efficiency, and automate routine tasks, while reviewing outputs for accuracy and following company policies.
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Commitment to professional development, expanding industry knowledge, and passing actuarial exams toward an actuarial designation.
Requirements
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Successful completion of one or more actuarial exams.
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Internship, academic project, or other experience involving actuarial work, financial analysis, data analysis, or modeling.
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Familiarity with MG-ALFA or similar actuarial modeling software.
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Foundational knowledge of annuity products and their features.
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Familiarity with SQL, Python, R, VBA, or similar tools used to prepare data or automate analytical processes.
Company Description
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.
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We provide products and services people need at a competitive price.
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We communicate clearly and openly so people understand what they're buying.
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We design products--and operate our company--to stand the test of time.
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We're committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI).