Managing Director, Head of Alternative Assets – Hybrid

This is a management role that will initially have at least one direct report. Close collaboration with key stakeholders at SIM and Symetra Life will also be critical to ensure the timely delivery of investment portfolio positioning, results, and benchmarking that meet portfolio manager and client requirements, the appropriate reflection of such assets in SIM's analytic systems, and the successful and timely handling of portfolio inquiries.

Company Overview

Symetra Investment Management ("SIM") is a SEC-registered investment advisory firm with approximately $47.9 billion in assets under management as of December 31, 2021. Symetra Financial Corporation ("SFC"), a diversified financial services company with $60.3 billion in assets as of December 31, 2021, 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, 2021) and has approximately 1.6 million customers and over 2,000 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 $351.3 billion of assets as of March 31, 2022.

Responsibilities

• Source, evaluate, and implement alternative asset investment opportunities with a focus on risk, 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. Present recommendations internally. Collaborate with legal and compliance teams on documentation.
• Recommend appropriate benchmarks for various alternative asset classes.
• Conduct ongoing periodic surveillance of investments and external managers. Devise appropriate stress/scenario analyses for holdings. Build repeatable processes for quantifying and reporting results as needed.
• Keep apprised of emerging industry trends and themes in alternative asset management and perform ad-hoc research projects as needed.

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.

• Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
• Give back to your community and double your impact through our company matching
• Want more details? Check out our Symetra Benefits Overview

Compensation

Salary Range: $275,000 - $320,000 plus eligibility for annual bonus program and long-term incentive programs

Requirements

Your education, experience and skills

• B.S. degree in economics, finance, mathematics, or other suitable field with appropriate quantitative skills / background. CFA, MBA or CAIA preferred.
• 15+ years of progressive experience in a front office role in a bank, insurance company, pension fund, or other asset management firm.
• 12+ years of experience in alternative asset management and portfolio construction, with track record of successfully analyzing and implementing a diverse set of investments.
• An understanding of the insurance company framework, including the generation of exposure to alternative investments in a capital efficient manner, is helpful.
• A sound and demonstrable understanding of the fundamentals of various sub-sectors within private equity and hedge funds as well as other traditional and emerging alternative asset spaces; and alternative asset portfolio construction and monitoring.
• Substantial experience investing in and relationships with a broad range of alternative managers.
• Prior managerial experience.
• Specific familiarity with insurance company portfolio management is an advantage.
• Experience with ESG investing themes and practices is helpful.
• A "get it done" work ethic that supports the completion of tasks within specified timeframes, and the ability to adjust to shifting priorities as business conditions warrant, understanding that the work requirements of the position will sometimes embed inflexible deadlines.
• The ability to work cooperatively and collegially within a small team environment and communicate ideas effectively. Interest in being involved in multiple aspects of investment and risk management.

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: www.symetra.com/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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