Actuarial Development Program Associate, In-Force Pricing, Long Term Care

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

Actuarial Development Program Associate, In-Force Pricing, Long Term Care

POSITION LOCATION

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 Long Term Care (LTC), In-Force Pricing Modeling team, you are responsible for designing, implementing, documenting, and maintaining the models underpinning the pricing of Genworth’s existing LTC block of business. You will play a critical role in enhancing our organization by using models and data to drive business strategy, bridging the gap between technical modeling and business needs, and enhancing the usage of data. This role requires an ability to meet deadlines, build relationships and communicate effectively. The ideal candidate possesses good analytical skills with attention to detail, technical experience with coding, and a business knowledge of long term care products and actuarial concepts. This role would be part of the Actuarial Development Program.

Genworth’s innovative Actuarial Development Program aids in the navigation from aspiring to accomplished actuary through obtaining the esteemed FSA designation. This multiple year program consists of 18–30 month rotational assignments that allow you to build foundational skills and competencies, business acumen, and leadership. Rotations will be within our various product lines and functions, providing you with diverse experiences and exposure throughout the organization.

Genworth fully supports our Actuarial Development Program members as they progress in their actuarial education. You will have study time available during work hours – up to 200 hours in any six-month period. Genworth will cover fees associated with exams, including registrations, study materials, and seminars. You will also receive salary increases for each exam passed with an extra bonus for passing on your first attempt.

What you will be doing

• Creating, testing, and documenting new code to enhance or correct existing models
• Completing and documenting all model changes in accordance with best practice guidelines
• Determining and documenting proper usage of data and models to meet business needs including integration of actuarial concepts
• Utilizing advanced excel techniques and programming
• Developing or enhancing SAS, python and SQL skills
• Participating in Actuarial Development Program sponsored activities including networking and mentoring, community service events, and technical and professional development classes ​

What you bring

• Bachelor’s or Master’s degree in Actuarial Science, Statistics, or Mathematics related field of study
• ASA designation strongly preferred; otherwise, successful completion of at least 4 Associate Level Exams and a plan to obtain ASA designation required
• Career aspirations to attain the fellowship designation
• 2+ years of work experience; experience in LTC is preferred
• Proficiency with Microsoft Excel, including hands on experience with VBA, power pivot, and/or data models
• Hands on knowledge of technical coding in SAS, python, and/or SQL is preferred
• Excellent analytical and problem-solving skills with a keen attention to detail
• Ability to manage concurrent deadlines and multiple priorities
• Hands on experience with technical writing or actuarial governance is preferred

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

Applicants: To be considered for this position, please apply by 11:59 pm EST on Friday, February 28th.