Associate Actuary, Asset Projection, Actuarial Governance

Genworth • Richmond, VA

1d • 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. Genworth values all perspectives, characteristics, and experiences, fostering an inclusive environment where employees can bring their full, authentic selves to work. The company invests in local communities through grants, sponsorships, and employee volunteerism, guided by four core values: Make it human, Make it about others, Make it happen, and Make it better. The Asset Projection Team holds primary responsibility for scenario generation and asset projections within the Economic Scenario Generator (ESG) and Moody’s Axis platforms. This role involves delivering scenarios and asset projections to support both product lines and corporate requirements on a monthly and quarterly basis. Additionally, the Associate Actuary will implement modifications to scenario generation and asset projection processes that align with corporate objectives and contribute to achieving the organization’s strategic vision.

Requirements

• BA/BS in Actuarial Science, Mathematics, Statistics, Finance, or related field
• ASA Designation
• 3+ years in actuarial or asset roles
• Skilled in actuarial asset projections and GGY AXIS Software (including Datalink)
• Experience with Life insurance, Annuity, and Long-Term Care products, and Assets
• Team player
• Excellent communication skills
• Able to manage multiple deadlines
• Advanced problem-solving and analytical skills

Nice To Haves

• Programming in Python, Visual Basic, SQL, or MATLAB
• Understanding cash flow testing reporting
• Model conversion experience

Responsibilities

• Deliver monthly and quarterly scenarios and asset projections, ensuring timely completion within reporting cycles
• Communicate progress effectively with stakeholders
• Organize and join planning sessions to map out timelines and deliverables
• Support the asset projection leader and maintain expertise in scenario and asset models, including limitations
• Use knowledge of assets, ESG, AXIS, and insurance assets and insurance products to research, test, validate, and recommend scenario and asset projection improvements
• Ensure all changes are accurate, efficient, and align with desired structures
• Stay updated on new features in AXIS and ESG
• Mentor junior team members as they learn key systems and products if needed
• Perform updates and ad hoc analyses for scenario generation and asset projections as needed
• Adhere to Genworth actuarial and model governance policies
• Contribute to product line and corporate initiatives

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: Mid Level