Experience Study Actuary, Life Assumption

Genworth Financial • Richmond, VA

39d • $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.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related discipline
• Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)
• At least 5+ years relevant experience with FSA, more years required with ASA
• Experience in Actuarial processes, including valuation, projections, experience and pricing
• Knowledge of GAAP, Statutory and Tax financial reporting requirements for term and universal life insurance
• Strong proficiency in a programming language such as SAS, Python, R or SQL
• Experience in life insurance experience studies and assumption setting
• Ability to manage concurrent deadlines and multiple priorities in an organized manner

Nice To Haves

• 7+ years of relevant experience
• Experience in assumption development using Predictive Analytics like GLM modeling.
• Experience in insurance, actuarial modeling platforms (AXIS), or assumption modeling.

Responsibilities

• Contribute to the Inforce experience reviews and support the Life mortality, lapse and premium persistency assumption development and the experience monitoring projects
• Analyze statistical data to forecast risk and liability for payment of future benefits, focusing on Life assumption setting
• Communicate results of recommendations and reviews to non-technical audience
• Collaborate with Projection and Valuation Team to create consistent messaging and improve reconciliations.
• Provide peer review and guidance to actuarial experience and assumptions team
• Support maintenance and enhancements of assumption development process
• Develop and document internal controls for validating and reconciling assumptions implementation with valuation, projections, and pricing data.
• Support ad-hoc requests for actuarial assistance

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