Senior Actuary, Life Projections & Inforce Management

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, Life Projections & Inforce Management

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 Life Projections & Inforce Management team, you will have the opportunity to lead initiatives and special projects for the Traditional and Universal Life blocks of business. You will be a key player in the Life team’s multi-year project to modernize legacy financial reporting models and peripheral processes. You will also manage inforce management objectives and financial reporting processes.

What you will be doing

• Lead efforts to evaluate current UL projection processes and analysis tools and collaborate cross-functionally to build new framework alongside conversion to AXIS projection model
• Manage inforce management objectives including company’s annual inforce review routine non-guaranteed elements assessment
• Support the annual assumption review process through the evaluation of impacts related to potential assumption changes
• Collaborate across Life team and lead inforce analytic and special project initiatives such as source of earnings analysis development
• Support completion of financial reporting processes including statutory cash flow testing and Actuarial Guideline 38 8C/D
• Demonstrate leadership on team and provide guidance and mentorship to junior associates

What you bring

• BA/BS degree in Actuarial Science, Mathematics, Statistics, or related field
• FSA or ASA with commensurate experience (i.e., 7+ years of relevant experience within actuarial or insurance industry)
• 5+ years of life insurance experience
• Experience with and knowledge of GAAP, Statutory and Tax financial reporting requirements
• Experience with actuarial modeling software (AXIS or ALFA) preferred
• Experience in Microsoft Office applications
• Excellent communication skills
• Strong analytical and problem-solving skills
• Ability to manage concurrent deadlines and multiple priorities in an organized manner
• Results-oriented team player who works well in a professional environment

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 $158,600 up to the maximum of $301,500.  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.