Strategic Exploration Associate Actuarial Development Program Actuary

Strategic Exploration Associate – Actuarial Development Program Actuary

Genworth empowers families to navigate the aging journey with confidence. We prioritize compassion, empathy, and inclusion, and celebrate diversity by investing in local communities and supporting a culture where associates can bring their authentic selves to work.

• Richmond, Virginia (in‑office)
• Remote applicants residing in Eastern or Central Standard Time zones:
  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, Wisconsin

As a key member of Genworth’s Long Term Care (LTC) Strategic Solutions team, you will research, scope, and develop innovative Benefit Solutions initiatives that maximize the value of our in‑force LTC blocks of business. The role is highly collaborative and project‑based, requiring stakeholder partnership, actuarial modeling, in‑depth analysis, and the formulation of recommendations to senior management.

• Join Genworth’s Actuarial Development Program: 18–30 month rotational assignments across product lines and functions.
• Full support for actuarial education, including study time (up to 200 hours every six months), examination fee coverage, and salary increases for each exam passed.
• Opportunity to work toward the Society of Actuaries FSA designation.

• Support in‑force management initiatives related to LTC blocks, providing policyholder alternatives or reduced benefit options (RBOs).
• Develop tools and processes to understand policyholder behavior and devise strategies that influence their decisions.
• Draw insights from analysis, making recommendations to senior management on implications and proposed actions.
• Collaborate with functional areas on a variety of research and in‑force management initiatives.
• Maintain and enhance actuarial models used for new pricing initiatives and in‑force analytics.
• Provide tools for ad‑hoc analysis and actuarial assistance on LTC issues.

• BA/BS Degree in Mathematics, Statistics, Actuarial Science, Finance, Engineering, or a related major with significant technical coursework.
• Associate designation from the Society of Actuaries.
• Career aspiration to achieve the Society of Actuaries Fellowship designation.
• Strong oral and written communication skills.
• Professional, collaborative teamwork ability.
• Self‑driven, motivated, and ownership mindset.
• Independent work ethic, strong priority management, and deadline compliance.
• Strong analytical and problem‑solving abilities.
• Leadership and influence skills without direct authority.
• Thorough research skills with comprehensive documentation standards.
• Actuarial modeling experience.
• Basic programming skills and proficiency in Excel, VBA, Word, and PowerPoint.

• Prior LTC insurance experience.
• Advanced modeling experience, preferably AXIS.
• Programming proficiency in Python, SAS, or R.
• Experience with data visualization tools such as Spotfire or Power
  
  BI.

• Competitive compensation and total rewards incentives
• Comprehensive healthcare coverage
• Multiple 401(k) savings plan options with 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: gym membership reimbursement and Employee Assistance Program resources (work/life, financial & legal management)
• Caregiver and mental health support services

The base salary range for this role is $95,500 to $130,000. In addition to base pay, you will be eligible for an incentive plan with a target earning opportunity of 15% of your base compensation. Final base pay will be determined based on geographic location, experience, and qualification factors to ensure internal equity.

Genworth is an equal‑employment‑opportunity employer. All qualified applicants will receive equal consideration for employment regardless of race, color, religion, sex, gender identity, sexual orientation, national origin, ancestry, age, disability, veteran status, or any other characteristic protected by law.