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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Farmington, Connecticut

Salary: $147K - $245K

Symetra Investment Management (“SIM”) is a SEC-registered investment advisory firm with approximately $75 billion in assets under management as of December 31, 2023. Symetra Financial Corporation (“SFC”), a diversified financial services company with $59 billion in assets as of December 31, 2022, headquartered in Bellevue, Washington is the sole shareholder of SIM. SFC is the holding company of Symetra Life Insurance Company (“Symetra Life”), which was founded in 1957, and has insurer financial strength ratings of ‘A’ by A.M. Best and Standard & Poor’s and ‘A1’ by Moody’s. Symetra Life is among the top 40 largest life insurance companies in the United States (based on statutory admitted assets as of December 31, 2022) and has approximately 1.7 million customers and over 2,200 employees nationwide. SFC is a wholly owned subsidiary of Sumitomo Life Insurance Company, a mutual life insurance company with head offices in Osaka and Tokyo, Japan. Founded in 1907, Sumitomo is one of the largest life insurance companies in Japan with $319 billion of assets as of March 31, 2023.  SIM currently plans to enter the third-party investment management market in the short to intermediate term. Details below.

About the role

The Alternative Assets Director will assist in the strategy, sourcing, modeling, evaluation, legal negotiation, execution, and monitoring of alternative assets for Symetra Investment Management’s (“SIM”) clients, and in particular, its affiliated life insurance clients. The investable universe is expected to include externally managed positions, such as private equity, private credit, secondaries, affordable housing tax credit funds, CLO equity and co-investments.

What you will do

  • Assist in creating/modifying the Alternative Assets strategy. Source, evaluate, execute and monitor alternative asset investment opportunities with a focus on risk/return, long-term return potential, diversification, capital/tax efficiency, and other client-specific considerations. Conduct manager due diligence, coordinating with other areas of SIM as appropriate. Develop/expand relationships with sourcing partners. Collaborate with legal and compliance teams on documentation. Present ideas to the Alternatives team supported by a well-developed investment thesis. Keep apprised of emerging industry trends and themes in alternative asset management and perform ad-hoc research projects as needed.
  •  Conduct ongoing reporting and surveillance of investments and external managers, by participating in Advisory Boards and industry conferences. Monitor appropriate analyses for holdings. Maintain and improve repeatable processes for quantifying and reporting results as needed.
  • The Alternatives Director will interact with other members of the Symetra investment department including, legal, operations, accounting, reporting and compliance.

Why work at Symetra

“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

What we offer you

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

Compensation

Salary Range: $146,800 – $244,700 plus eligibility for annual bonus program

Who you are

  • A Bachelors level degree in finance, economics, accounting, mathematics or relevant field is required. CFA or MBA preferred.
  • 7+ years of related work experience is required. Alternative Assets, Private Equity and Private Credit.
  • Ability to provide quantitative/analytical and qualitative evidence to support an investment thesis.
  • Comfort dealing with uncertainty and risk, and ability to make investment decisions that are supported by rigorous analysis and communicated with strong conviction.
  • Strong understanding of investment concepts, coupled with intellectual curiosity.
  • High level of initiative and experience developing and implementing value added investment recommendations.
  • Ability to work effectively in a small, collaborative team, while also communicating and interacting with a larger group of investment professionals.
  • Strong analytical and communication skills (both written and oral).

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.

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.