Genworth Financial Actuarial Analyst, Pricing, Long Term Care in Richmond, Virginia

COMPANY

Genworth is a Fortune 500 financial services company providing financial security and protection through our Mortgage Insurance and Long Term Care Insurance businesses. Our purpose is to help families achieve the dream of homeownership and address the financial challenges of aging. At Genworth, our promise to our employees is the opportunity to make a meaningful difference in the lives of our customers, our communities, and one another.

We issued our first life insurance policy in 1871, our first annuity contract in 1928, and our first long term care insurance policy in 1974. Today, nearly 4 million customers rely on Genworth's U.S. Life Insurance Companies.

POSITION SUMMARY

A Pricing Actuarial student is responsible for creation and maintenance of actuarial tools and models used in Long Term Care (LTC) pricing. This may include documentation or peer review of both. This role will be required to support company filings for new products and internal reporting projects. The student will also be expected to sit for actuarial exams and work towards obtaining their professional designations.

RESPONSIBILITIES

  • Support pricing initiatives of LTC insurance products to meet market requirements while maintaining the company's profitability and risk management objectives.

  • Assist with building and maintaining pricing models.

  • Develop tools to aid in the pricing of LTC products.

  • Support policy form filings, including preparing exhibits for actuarial memoranda and reviewing technical aspects of policy forms

  • Provide technical support in writing new product specifications.

  • Document tools and processes used in pricing.

  • Support Multi-year Planning process for new business.

  • Support ad hoc requests for actuarial assistance on product issues.

BASIC QUALIFICATIONS

  • BA/BS Degree in Actuarial Science, Mathematics, Statistics and/or related major

  • At least 2 exams and commitment to achieve FSA designation

  • Strong analytical and problem solving skills.

  • Ability to meet project deadlines and manage multiple priorities

  • Basic programming skills and experience in Microsoft applications of Excel, VBA, Access and Word

  • Strong communication skills, both oral and written

  • Ability to interact professionally and effectively in a team environment

  • Self-driven, motivated and shows ownership in tasks

PREFERRED QUALIFICATIONS

  • Relevant work experience within LTC or other insurance or finance industry, in the pricing, experience studies, valuation or projections areas

  • Basic knowledge of insurance terminology

  • Basic knowledge of accounting concepts

  • Experience with Pricing Software, preferably MG-ALFA or AXIS

Genworth Financial, Inc. is a leading insurance holding company committed to helping families achieve the dream of home ownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871.