Long Term Care Actuary, Controllership Oversight

Genworth • Washington, DC

5d • Hybrid

About The Position

Genworth and CareScout are dedicated to simplifying and dignifying the aging experience by providing better ways to help people find, fund, and understand aging care. They are seeking a Long Term Care Actuary, Controllership Oversight to join their team. This role is crucial for the governance and controllership of Genworth’s Long Term Care (LTC) models and processes. The position requires becoming an expert in LTC model, data, and process flows, and providing guidance on controls to ensure compliance with company, industry, and actuarial professional standards. The role involves close collaboration with team members, control owners, and cross-functional teams to ensure consistency in processes and controls. The primary focus will be on valuation and inforce rate action teams, with potential expansion to projections, experience, and data analytics teams. The role also includes supporting the model governance team with peer reviews and other analyses.

Requirements

• BS/BA Degree in mathematics, statistics, actuarial science business/finance, and/or related major
• Fellow of Society of Actuaries (FSA) designation or Associate (ASA) with commensurate experience
• 5+ years of relevant actuarial experience, preferably with LTC insurance
• Strong analytical and problem-solving skills
• Ability to meet project deadlines and manage multiple priorities
• Strong communication skills, both oral and written
• Ability to interact professionally and effectively in a team environment
• Knowledge of actuarial processes: valuation, projections, and experience
• Results oriented, accountable for performance, and willingness to take ownership of projects

Responsibilities

• Oversee the LTC control environment fostering open communication, sound control design and execution consistency across teams
• Consult on controls for new or enhanced processes
• Review existing controls for key high-risk processes and make improvement recommendations
• Collaborate with Operations and IT on administration system and data issues and controls
• Support efforts to develop clear and effective model and process documentation to increase transparency, accessibility, and understandability
• Provide governance peer review support for the development and enhancement of LTC actuarial models and processes
• Work to expand governance and controllership oversight to include emerging teams and products
• Assist with model change peer reviews and provide guidance on model governance processes.

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
• Education Level: Associate degree