Senior Actuary, Strategic Exploration

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

Senior Actuary, Strategic Exploration

POSITION LOCATION

Richmond, VA

Remote US (Eastern or Central Time)

YOUR ROLE

As a key member on Genworth’s Long Term Care (LTC) Strategic Solutions Team, your expertise will be essential to identifying, researching, and recommending new, innovative Benefit Solutions that maximize the value of our in-force LTC blocks of business. This is a high-exposure, strategy-based team tasked with researching multiple risk mitigation initiatives and other business strategy initiatives to improve the overall profitability of Genworth’s inforce blocks of businesses. This involves developing actuarial models, performing in depth analysis, and ultimately crafting recommendations to senior management. This role will require collaboration with other actuarial teams, governance, finance, reinsurance, risk, IT, leadership, and others to pull a holistic strategy recommendation together and share with senior leadership.

What You Will Be Doing

• Develop innovative strategies to drive policyholder behavior
• Develop tools and processes to aid in further understanding the impacts of policyholder behavior and identify opportunities for future Benefit Solution strategies
• Draw insights from analysis and make recommendations to senior management regarding implications of findings and proposed actions
• Manage and develop a junior, ASA level actuary
• Collaborate with other functional areas on a variety of in-force management initiatives and research
• Research, develop, maintain and enhance tools to research ad hoc requests for analysis and actuarial assistance on LTC issues
  
  

What You Bring

• BA/BS Degree in Mathematics/Statistics/Science, Actuarial Science, Business/Finance, Engineering or related major involving significant technical/analytical coursework
• FSA certification or ASA certification with relevant experience
• 7 years actuarial experience
• Ability to operate independently, manage multiple priorities and meet deadlines
• Self-driven, highly-motivated and shows ownership in tasks
• Ability to think broadly and lead/influence without direct authority
• Demonstrates ability to perform thorough research, understand inputs, sources of data, and downstream impacts both within and outside of areas of direct control
• Strong communication skills, both oral and written
• Ability to interact professionally and effectively in a team environment
• Strong analytical and problem-solving skills
• Basic programming skills and experience in Microsoft Excel, VBA, Word and PowerPoint
• Ability to develop thorough, high quality documentation
  
  

Nice to have

• Prior LTC insurance experience
• Experience in actuarial modeling
• Strong proficiency in a programming language such as Python, SAS, R
• Experience with data visualization software such as Spotfire or PowerBI
  
  

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 $145,900 up to the maximum of $277,400. 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 25% 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.