Solutions Pricing Associate Actuarial Development Program Actuary

Overview

Benefit Solutions Pricing Associate Actuarial Development Program Actuary — Join to apply for the Benefit Solutions Pricing Associate Actuarial Development Program Actuary role worth empowers families to navigate the aging journey with confidence and values diversity, inclusion, and community involvement.

Support the Pricing Team Lead in developing, pricing, and implementing innovative solutions for Genworth’s in-force LTC blocks. Focus on actuarial analysis, pricing model development, and collaboration with cross-functional teams. This is a high-exposure, project-based role tasked with pricing and developing recommendations to support the company’s risk mitigation initiatives on the company’s in-force blocks of business, developing actuarial models and performing in-depth analysis, and crafting recommendations to senior management.

This role is highly collaborative and will partner with various stakeholders to ensure all perspectives are considered in the development of recommendations.

This role participates in Genworth’s Actuarial Development Program, which aids in the navigation from aspiring to accomplished actuary through obtaining the FSA designation. The program consists of 18–30 month rotational assignments across product lines and functions to build foundational skills, business acumen, and leadership. Rotations will provide diverse experiences and exposure throughout the organization. Genworth supports Actuarial Development Program members by providing study time during work hours (up to 200 hours in any six-month period) and covering exam-related fees (registrations, study materials, and seminars).

You will receive salary increases for each exam passed with extra bonuses for passing on the first attempt.

• Assist in developing and maintaining pricing models for new and existing LTC products.
• Perform actuarial analyses to support pricing decisions and business strategy.
• Collaborate with team members to evaluate policyholder options and product alternatives.
• Prepare and present findings to actuarial, finance, and risk teams.
• Support ad hoc requests for pricing analysis and actuarial assistance.
• Contribute to documentation and process improvement initiatives.

• BA/BS in Mathematics, Actuarial Science, Statistics, or related field.
• Associate designation from Society of Actuaries or progress toward designation preferred.
• Career aspirations to attain Fellowship designation from Society of Actuaries.
• 2+ years actuarial experience, preferably in LTC or health insurance.
• Strong analytical, modeling, and problem-solving skills.
• Strong attention to detail and documentation skills.
• Effective communication and teamwork abilities.
• Experience with actuarial modeling software (AXIS preferred).

• 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

The base salary pay range for this role starts at a minimum rate of $95,500 up to the maximum of $130,000. 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 15% of your base compensation. The final determination on base pay will be based on factors including geographic location, experience, and qualifications to ensure pay equity within the organization.

• Seniority level:
  Entry level
• Employment type:
  
  Full-time
• Job function:
  Management and Manufacturing
• Industries:
  Insurance