Job Description

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care—and we bring those experiences with us to work in serving our millions of policyholders each day. We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism. Our four values guide our strategy, our decisions, and our interactions: Make it human. We care about the people that make up our customers, colleagues, and communities. Make it about others. We do what's best for our customers and collaborate to drive progress. Make it happen. We work with intention toward a common purpose and forge ways forward together. Make it better. We create fulfilling purpose-driven careers by learning from the world and each other. POSITION TITLE Actuary, Universal Life Modeling POSITION LOCATION Richmond, VA Remote US (Eastern/Central Time) This position is available to Virginia residents as Richmond, Virginia in-office applicants or remote applicants residing in states/locations under Eastern or Central Standard Time: Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington DC, Vermont, West Virginia or Wisconsin. YOUR ROLE As a member of the Universal Life (UL) Modeling Team, you will serve as a key player in the successful maintenance and improvement of Genworth’s UL models. This role will become a subject matter expert on Genworth’s UL products and determine the appropriate modeling approaches for the UL models. With this mastery you will act as a resource to others on the team and may even manage projects and direct workflows. Join the UL Modeling Team at an exciting time as we modernize and convert our legacy Projections & Valuation models to AXIS along with all peripheral processes. You will serve as a key player in the successful development, testing, and deployment of the new model. You will also collaborate with the Production Projections & Valuation Teams, along with IT, to design and build modern systems, processes, and analysis tools. Following deployment of the new model, the actuary will serve as a modeling expert supporting the execution, maintenance and improvement of Genworth’s UL models. What you will be doing Support ongoing efforts to maintain and improve current and future UL models Research ad-hoc modeling requests from other teams including Reinsurance, Valuation, Risk, and Inforce Contribute to the creation of clear and effective model documentation to increase model transparency, accessibility, and understandability Lead and advise project teams to plan, manage, and execute their projects Demonstrate leadership on the team and provide guidance and mentorship to more junior staff Collaborate with the UL model conversion project team to design, develop, test, and review the new AXIS model for Valuation & Projections applications Collaborate with the Valuation & Projections Production Teams and IT to develop downstream systems, process and analysis tools built on top of the new UL model Collaborate with the assumption setting team to develop, implement, and test new assumptions Maintain regular contact with actuarial software vendors to stay current on new developments and resolve issues What you bring BA/BS Degree in Mathematics/Statistics/Science, Actuarial Science, Business/Finance, IT, Engineering or related major involving significant technical/analytical coursework FSA or ASA with commensurate experience (i.e., 5 years of relevant work experience within insurance or actuarial industry) 5 years of life insurance experience, preferably UL focused Experience with actuarial modeling software such as MG-ALFA, PolySystems, and AXIS Inquisitive mindset with desire to ask questions and dig deep into models Strong analytical and problem-solving skills Ability to meet project deadlines and manage multiple priorities Strong communication skills (verbal and written) Programming skills and experience in Microsoft Office applications Ability to interact professionally and effectively in a team environment Knowledge of actuarial processes: valuation, projections, and experience Results oriented, accountable for performance, and willingness to take ownership of projects Employee Benefits & Well-Being Genworth employees make a difference in people’s lives every day. We’re committed to making a difference in our employees’ lives. Competitive Compensation & Total Rewards Incentives Comprehensive Healthcare Coverage Multiple 401(k) Savings Plan Options Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded) Generous Paid Time Off – Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave Disability, Life, and Long Term Care Insurance Tuition Reimbursement, Student Loan Repayment and Training & Certification Support Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management) Caregiver and Mental Health Support Services ADDITIONAL At this time, Genworth will not sponsor a new applicant for employment authorization for this position For the State of New York: The base salary pay range for this role starts at a minimum rate of $126,000 up to the maximum of $239,400. In addition to your base salary, you will also be eligible to participate in an incentive plan. The incentive plan is based on performance and the target earning opportunity is 20% of your base compensation. The final determination on base pay for this position will be based on multiple factors at the time of this job posting including but not limited to geographic location, experience, and qualifications to ensure pay equity within the organization.

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