Genworth Financial Associate Actuary, Pricing, Long Term Care in Richmond, Virginia
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.
Responsible for creation and maintenance of actuarial models use in LTC pricing. Tailor new or existing models to fit the pricing framework, primarily using MG-ALFA software. Ensure versioning control around production models. Maintain detailed documentation of all changes made to models, including impacts and evidence under key reporting bases under key reporting bases.
Identify and implement of process improvements, including automation process where possible, to increase model efficiency and transparency.
Support Individual and Group LTC pricing team in model development
Build and maintain LTC pricing models
Ensure controlled, validated, and well-documented modeling results are produced by models for every production cycle
Interact with Modeling software vender for model maintenance, and develop plans for model improvement
Implement model changes as needed to reflect new or modified pricing changes, and methodologies enhancement
Provide technical support to pricing team
Support ad hoc requests on product issues
BA/BS Degree in actuarial science, mathematics, statistics and/or related background
5+ years of relevant work experience within actuarial industry
Associate of Society of Actuaries (ASA)
Experience with MG-ALFA (version 8 and above) actuarial pricing software; knowledge in AXIS, Prophet or Moses is a plus
Good communication skill, both oral and written
Self-driven, motivated and take ownership
Proficient in excel and VBA
Relevant work experience within LTC / Life in pricing, valuation or actuarial modeling
Understanding life insurance product mechanics concepts
Strong problem solving and analytical skills
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.