Symetra has an exciting opportunity to join our team as aReinsurance Senior Financial Reporting Specialist!
About the role
Symetra's Finance – Reinsurance Reporting team is looking to add a newSenior Financial Reporting Specialist, with a focus on reinsurance accounting policy, risk transfer analysis, treaty review, and reinsurance accounting. We are looking for a highly technical individual contributor to be a subject matter expert for the reinsurance accounting (GAAP, Statutory and Bermuda-based Statutory) treatment of life, annuity, and other reinsurance treaties. You will prepare and review technical accounting documentation and presentations related to reinsurance and will collaborate closely with Symetra's reporting teams to ensure financial presentation and disclosure accuracy.
What you'll do in this role
Research and document technical accounting issues related to Reinsurance Accounting (GAAP, US Statutory and Bermuda Statutory)
Produce documented research of accounting treatment, including financial statement impacts and operational considerations, for new and complex transactions.
Develop and propose recommendations where judgement in application is required.
Discuss issues and coordinate with external auditors, as appropriate.
Technical reviewer of Enterprise Reporting deliverables for accounting accuracy
Review MD&A, Financial Statement footnotes, and other key management deliverables related to Reinsurance. May also draft disclosures.
Maintenance and review of Reinsurance Accounting Policies
Maintain, review, and revise existing reinsurance accounting policy documentation as needed.
Assist in the implementation of new reinsurance treaties and new accounting guidance.
Stay current with developments in the life insurance industry, participating in reinsurance related industry calls.
Identify and communicate new GAAP, Statutory and Bermuda-based Statutory guidance and interpretations affecting Symetra.
Prepare and deliver presentations and training on reinsurance related topics to a wide range of audiences.
Collaborate with Actuarial, Tax, Law and other teams in the evaluation of new reinsurance treaties.
What we offer you
"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. - AVP Internal Sales, Training and Development
"Symetra is inclusive of all employees regardless of their personal differences." Darrell J. - Actuary III
"Symetra values learning. Symetra has so many resources - whether that is the Student of the Business courses, sponsorship of professional certifications, or just individual employees being so willing to teach and answer questions." Felicia D. - Financial Reporting Lead Senior Analyst
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 ourSymetra Benefits Overview
Compensation
Salary Range: $110,300 - $183,800 plus eligibility for the company annual bonus program.
Who You Are:
High School Diploma is required
A BA/BS in Accounting, or Finance
Minimum of 4-5 years of experience in the technical accounting of life and annuity insurance and reinsurance, with significant exposure to complex reinsurance arrangements (such as modco, coinsurance with funds withheld, etc.) as well as offshore reinsurance transactions, is required,
Proficiency in the fundamentals of accounting principles for life insurance and annuity products
CPA or CPA-eligible, preferred
Experience with the preparation and review of financial statement and footnote disclosures
Possess technical accounting research skills and the desire to use them – this involves analyzing, documenting, and supporting conclusions
Exposure to internal controls over financial reporting and related documentation
Goal-oriented with a track record of task and project completion
Ability to work a flexible schedule, as the need arises (quarter and year-ends, ad hoc projects)
Self-managed – independently identifies and promptly completes research and related documentation
Proven ability to interact effectively and communicate complex reinsurance accounting guidelines and policies in an understandable manner to various levels of management, staff, and auditors
High expectations of yourself, with an irresistible urge to exceed them
Creativity, problem solving, and decision-making skills
A positive attitude and sense of humor!
We empower inclusion.
At Symetra, we aspire to be the most inclusive insurance company in the country. We're building a place where every employee feels valued, respected, and has opportunities to contribute.Inclusion is about recognizing our assumptions, considering multiple perspectives, and removing barriers.
We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts here.
Creating a world where more people have access to financial freedom.
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. This means we provide products and services people need at a competitive price, we communicate clearly and openly so people understand what they're buying, and we design products—and operate our company—to stand the test of time. We're committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI). Join our team and help us create a world where more people have access to financial freedom.
For more information about our careers visit:https://symetra.eightfold.ai/careers
Work Authorization
Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment with our company.
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