Actuary, Long Term Care Model Governance & Controllership

Genworth • Richmond, VA

16d • $109,000 - $211,000 • Hybrid

About The Position

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.
As a member of Genworth’s LTC Model Governance & Controllership team, you will help ensure the actuarial models supporting valuation, pricing, rate actions, and forecasting are reliable, well-controlled, and fit for purpose. You will apply actuarial judgment, model governance expertise, and effective challenge to model changes, testing, documentation, and controls. Working with model owners, actuaries, and business leaders, you will help strengthen Genworth’s governance practices, improve model review efficiency, and support sound decisions for our policyholders and business.

Requirements

• Fellow of Society of Actuaries (FSA) designation or Associate (ASA) with commensurate experience
• BS/BA degree in actuarial science, mathematics, statistics, business/finance, and/or related field.
• 5+ years of relevant actuarial experience, preferably with LTC, valuation, pricing, projections, model governance, and financial reporting processes
• Strong actuarial modeling skills, including experience with Moody’s AXIS, Datalink, liability modeling, and model testing or review
• Sound judgment and analytical problem-solving skills, with the ability to evaluate complex model changes, controls, assumptions, and documentation
• Clear written and verbal communication skills, including the ability to explain technical review findings to actuarial and business stakeholders
• Self-directed, collaborative, and organized, with the ability to manage multiple priorities and work independently with minimal guidance

Nice To Haves

• LTC product, valuation, pricing, projection, or in-force management experience.
• Experience with model governance, model validation, peer review, SOX controls, or actuarial control documentation.
• Programming, automation, or data analysis experience using SAS, Python, SQL, VBA or similar tools.
• Experience using AI or automation tools to improve review efficiency, documentation quality or workflow consistency.

Responsibilities

• Perform independent reviews of LTC actuarial model changes, enhancements, testing, documentation, and controls, with a focus on AXIS models and related actuarial processes
• Provide effective challenge on model design, methodologies, data inputs, outputs, assumptions, control design, and evidence of testing
• Partner with model owners, actuaries, and business leaders to support well-governed models used for statutory and GAAP valuation, forecasting, pricing, rate actions, and in-force management
• Document clear review conclusions, issues, recommendations, and governance evidence in alignment with Genworth model governance requirements and actuarial standards.
• Support planning, prioritization, and execution of model review work, including timelines, deliverables, and resource needs
• Identify opportunities to automate, simplify, and improve model governance tools, controls, workflows, and documentation practices

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior