Genworth Financial AVP & Actuary, Projections, 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

This role supports the Long Term Care Projections area with the responsibility of maintaining and enhancing the AXIS projection models for the long term care business and related projection processes. In addition, this role will support the monthly CGAAP projections, the asset adequacy analysis projections, and actuarial model governance processes.

RESPONSIBILITIES

  • Provide technical leadership in development of LTC projection models on the AXIS platform

  • Maintain projection production models and recommend and support modeling improvements as needed

  • Ensure controlled, validated and well-documented projection models and processes for each production cycle

  • Review and analyze projection outputs with assumptions and data source inputs and compare to actual financial results, help explain variances, and improve accuracy of projections

  • Support the Integration of the liability projection models with existing asset and reinvestment models for improved asset-liability management

  • Engage with the LTC product actuarial leaders in the standardization and management of LTC Actuarial modeling platforms

REQUIRED QUALIFICATIONS

  • BS/BA Degree in actuarial science, mathematics, statistics and/or related major

  • 7+ years of experience in the actuarial field

  • Fellow of Society of Actuaries (FSA) designation or Associate (ASA) with commensurate experience

  • Experience with actuarial projection systems

  • Proven modeling and analytical skills

  • Ability to manage concurrent deadlines and multiple priorities

  • Strong communication skills (verbal and written)

PREFERRED QUALIFICATIONS

  • Strong LTC actuarial work experience and understanding of LTC product

  • Specific knowledge of AXIS/Polysystems

  • Knowledge of Valuation, Modeling, Projections, Experience, and Pricing actuarial processes

  • Knowledge of GAAP, STAT and Tax reporting concepts

  • Ability to execute and meet deadlines

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.