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.

POSITION TITLE

State Approval Assumptions Associate Actuary

POSITION LOCATION

Richmond, VA

Remote US (Eastern or Central Time Zone)

This position is available to Virginia residents as Richmond, Virginia in-office applicants or remote applicants residing in states / locations under Eastern or Central Standard Time : Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington DC, Vermont, West Virginia or Wisconsin.

YOUR ROLE

This role supports the State Approval Assumptions area with the primary responsibility of driving the annual justified rate increase process.

What you will be doing

• Take an active role in developing state approval assumptions for annual cash flow testing purposes
• Work on a variety of adhoc analysis projects to determine future rate increase increase strategies
• Collaborate with other functional areas on a variety of in-force management initiatives and research. Drive cross-functional recurring and adhoc projects to completion
• Contribute to the effort in strengthening controls the annual CFT process
• Clearly communicate the results and supporting data in a way that can be understood by varying audiences, both internally and externally
• Collaborate with other functional areas on a variety of in-force management initiatives
• Support ad hoc requests for analysis / actuarial assistance on Long Term Care (LTC) issues

What you bring

• BS or BA degree in actuarial science, mathematics, statistics or related major
• 3 years of experience in the actuarial field or commensurate experience
• Associate of Society of Actuaries (ASA) designation
• Experience with actuarial projection systems, proven modeling and analytical skills
• Ability to manage concurrent deadlines and multiple priorities
• Strong communication skills (verbal and written)

Nice to have

• Strong LTC actuarial work experience and understanding of LTC product
• Strong oral and written communications skills, with the ability to explain technical concepts and document processes
• Attention to detail, strong focus on accuracy
• Flexible team player, self-driven and motivated
• Shows initiative and ownership in tasks
• Ability to work cross-functionally and communicate complex concepts to technical and non-technical audiences
• Experience with LTC valuation software such as AXIS

Employee Benefits & Well-Being

Genworth employees make a difference in people’s lives every day. We’re committed to making a difference in our employees’ lives.

• 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

For the State of New York :

The base salary pay range for this role starts at a minimum rate of $70,200 up to the maximum of $123,200. In addition to your base salary, you will also be eligible to participate in an incentive plan.

The incentive plan is based on performance and the target earning opportunity is 7% of your base compensation. The final determination on base pay for this position will be based on multiple factors at the time of this job posting including but not limited to geographic location, experience, and qualifications to ensure pay equity within the organization.