Managing Director, Head of Alternative Assets - Hybrid

Symetra has an exciting opportunity to join our team as a Head of Alternative Assets!

About the role

The Managing Director, Head of Alternative Assets will lead the management of alternative asset portfolios on behalf of SIM's clients, and in particular, its affiliated life insurance clients. The successful candidate will source alternative asset investment opportunities with a particular emphasis on the unique needs and/or constraints of each corresponding client portfolio, and in a way that balances sometimes competing objectives such as risk, long-term return, capital and/or tax efficiency, and other factors. The investable universe is expected to include directly managed strategies (e.g. passive ETFs) as well as externally managed positions, such as private equity, private credit, hedge funds, affordable housing tax credit funds, green energy funds, CLO equity, co-investments, separate accounts, and other potential areas as identified by the incumbent and approved internally. The alternatives team will coordinate due diligence with the internal investment committee and other members of the SIM front office with expertise in relevant areas, as applicable.

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

Compensation

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