Long Term Care Actuary, Controllership Oversight

Genworth Financial • Richmond, VA

4d • Remote

About The Position

As a member of the Long Term Care (LTC) Actuarial Model Governance and Controllership team, this role supports the successful governance and controllership of Genworth’s LTC models and processes. The actuary develops expertise in LTC model, data, and process flows and provides guidance on control appropriateness and design, ensuring compliance with company, industry, and actuarial professional standards. The role collaborates with team members, control owners, and cross-functional teams to promote consistency in processes and controls. Its primary focus is valuation and inforce rate action teams, with oversight expected to expand to projections, experience, and data analytics teams. The role also supports the model governance team with peer reviews and other analysis as needed.

The position is available to Virginia residents working in Richmond, Virginia, or to remote applicants residing in specified Eastern or Central Time locations. Genworth will not sponsor a new applicant for employment authorization for this position.

Requirements

• Bachelor’s degree in mathematics, statistics, actuarial science, business/finance, or a related major.
• Fellow of the Society of Actuaries (FSA) designation, or Associate of the Society of Actuaries (ASA) designation with commensurate experience.
• At least 5 years of relevant actuarial experience.
• Strong analytical and problem-solving skills.
• Ability to meet project deadlines and manage multiple priorities.
• Strong oral and written communication skills.
• Ability to interact professionally and effectively in a team environment.
• Knowledge of actuarial processes, including valuation, projections, and experience.
• Results-oriented, accountable for performance, and willing to take ownership of projects.

Nice To Haves

• Experience with long-term care insurance is preferred.

Responsibilities

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

Benefits

• Competitive compensation and total rewards incentives.
• Comprehensive healthcare coverage.
• Multiple 401(k) savings plan options.
• Auto enrollment in an employer-directed retirement account feature that is 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 and certification support.
• Wellness support, including gym membership reimbursement and Employee Assistance Program resources for work/life support and financial and legal management.
• Caregiver and mental health support services.

What This Job Offers

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