Solutions Modeling Associate Actuarial Development Program Actuary

Benefit Solutions Modeling Associate Actuarial Development Program Actuary

1 week ago Be among the first 25 applicants

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. We bring the experiences of being spouses, children, siblings, friends, and neighbors to the work of serving our millions of policyholders each day.

We apply the same compassion and empathy in our team interactions and in 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 sponsor ships, 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.

Benefit Solutions Modeling Associate Actuarial Development Program Actuary

This position is available to Virginia residents as an in‑office applicant in Richmond, Virginia, or remote applicants residing in states or 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.

Support the Pricing Team Lead in developing actuarial models to be used in pricing and implementing innovative solutions for Genworth’s in‑force LTC blocks. Focus on pricing model development and collaboration with cross‑functional teams. This high‑exposure, project‑based team develops pricing recommendations to support the company’s risk mitigation initiatives on its in‑force blocks of business, builds actuarial models and performs in‑depth analysis, and ultimately crafts recommendations to senior management.

This highly collaborative role partners with various stakeholders to ensure all perspectives are considered in the development of recommendations.

This role participates in Genworth’s Actuarial Development Program, which supports the progression from aspiring to accomplished actuary through obtaining the esteemed FSA designation. The program consists of 18–30 month rotational assignments that allow you to build foundational skills and competencies, business acumen, and leadership. Rotations span our various product lines and functions, providing diverse experiences and exposure throughout the organization.

Genworth fully supports Actuarial Development Program members as they progress in their actuarial education. You will have study time available during work hours – up to 200 hours in any six‑month period. Genworth will cover exam fees, including registrations, study materials, and seminars, and you will receive salary increases for each exam passed, with an extra bonus for passing on your first attempt.

• Develop, enhance, and maintain pricing models for new and existing inforce LTC product solutions.
• Analyze policyholder behavior and its impact on product performance.
• Support the creation of tools and processes that improve modeling accuracy and efficiency.
• Collaborate with pricing and product teams to implement modeling solutions.
• Document modeling methodologies and results…