Analyst II

About the role

The Analyst II, Capital position sits within the Financial Planning and Analysis team. You will support the analysis and communication of the company's regulatory and rating agency capital position. The role contributes to the production, analysis, and communication of capital metrics used by senior leadership, the rating agencies, regulators, and investors.

Responsibilities

• Maintain and update rating agency capital models (e.g., S&P, AM Best, Fitch), including data collection, quarterly updates, scenario runs, result reconciliation, variance analysis and trend tracking.
• Support the completion of annual and ad hoc rating agency surveys, credit report reviews, presentations, and information requests, coordinating data gathering across Finance, Actuarial, Investments, and Risk to collect, organize, reconcile inputs, validate data accuracy, and ensure timely, high-quality submissions.
• Prepare and validate offering materials for capital market transactions.
• Work with Financial Reporting and parent company to assist the production of Group Capital Calculation (GCC) and supporting workpapers, ensuring methodology consistency, accuracy, and timely regulatory submission.
• Quantify the capital impact of onboarding new assets and asset classes, partnering with Investments and Risk to evaluate charges, and rating agency treatment pre-trade and post-trade.
• Monitor and communicate developments regarding regulatory and rating agency capital requirements, assessing and summarizing potential impacts to the company.
• Develop and contribute to continuous improvement of capital reporting processes, models, and controls, including documentation, automation, and review procedures.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, Actuarial Science, Mathematics, or a related quantitative field; advanced degree (MBA, MS) a plus.
• 2+ years of progressive experience in capital management, financial planning and analysis, treasury, actuarial, or rating agency / regulatory reporting within insurance or financial services.
• Direct, hands-on experience with rating agency capital models (S&P, AM Best, Moody's, and/or Fitch) and familiarity with NAIC RBC and the Group Capital Calculation.
• Prior experience supporting Investor Relations, rating agency interactions, or regulatory examinations strongly preferred.
• Demonstrated experience in capital projections, stress testing, and scenario analysis.
• Strong written and verbal communication skills, with the ability to clearly present findings to team members and stakeholders.
• Intellectual curiosity and a continuous-improvement mindset, with attention to detail, sound judgment, and a high degree of ownership and accountability.

Qualifications

• Must be legally authorized to work in the United States without the need for employer sponsorship, now or in the future.
• Security Benefit is an equal opportunity employer.