Benefit Solutions Pricing Associate Actuarial Development Program Actuary

Genworth • Richmond, VA

21d • Remote

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. YOUR ROLE Support the Pricing Team Lead in developing, pricing, and implementing innovative solutions for Genworth’s in-force LTC blocks. Focus on actuarial analysis, pricing model development, and collaboration with cross-functional teams. This is a high-exposure, project-based team tasked with pricing and developing recommendations to support the company’s risk mitigation initiatives on the company’s inforce blocks of business, developing actuarial models and performing in depth analysis, and ultimate crafting recommendations to senior management. This is a highly collaborative role that will partner with various stakeholders to ensure all perspectives are considered in the development of recommendations. This role participates in Genworth’s innovative Actuarial Development Program, which aids in the navigation from aspiring to accomplished actuary through obtaining the esteemed FSA designation. The program consists of 18–30 month rotational assignments that allow you to build foundational skills and competencies, business acumen, and leadership. Rotations will be within our various product lines and functions, providing you with diverse experiences and exposure throughout the organization. Genworth fully supports our Actuarial Development Program members as they progress in their actuarial education. You will have study time available during work hours – up to 200 hours in any six-month period. Genworth will cover fees associated with exams, including registrations, study materials, and seminars. You will also receive salary increases for each exam passed with an extra bonus for passing on your first attempt.

Requirements

• BA/BS in Mathematics, Actuarial Science, Statistics, or related field.
• 2+ years actuarial experience, preferably in LTC or health insurance.
• Strong analytical, modeling, and problem-solving skills.
• Strong attention to detail and documentation skills.
• Effective communication and teamwork abilities.
• Experience with actuarial modeling software (AXIS preferred).

Nice To Haves

• Associate designation from Society of Actuaries or progress toward designation preferred.
• Career aspirations to attain Fellowship designation from Society of Actuaries

Responsibilities

• Assist in developing and maintaining pricing models for new and existing LTC products.
• Perform actuarial analyses to support pricing decisions and business strategy.
• Collaborate with team members to evaluate policyholder options and product alternatives.
• Prepare and present findings to actuarial, finance, and risk teams.
• Support ad hoc requests for pricing analysis and actuarial assistance.
• Contribute to documentation and process improvement 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: Entry Level
• Number of Employees: 251-500 employees