Genworth Jobs (NOW HIRING)

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care withguidance, 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
Actuary, Asset Projection, Actuarial Governance

POSITION LOCATION
Richmond, VA

Remote US

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

The Asset Projection Team is principally responsible for asset projections and scenario generation within Moody's Axis and Economic Scenario Generators (ESG). In this role, you will work closely with the Asset Projection Leader to deliver targeted support to Life, Annuity, LTC, and Corporate departments. Furthermore, you will implement changes to asset projection and scenario generation processes that enhance both product lines and corporate functions, facilitating progress toward the organization's strategic objectives.

What you will be doing
The main responsibilities for this position are:

• Collaborate with the Asset Projection Leader and lead asset projections and scenario generation for product lines when needed.
  • Contribute to asset projection and scenario generation efforts to facilitate production activities related to Cash Flow Testing, asset projections, and scenario development, as necessary
  • Participate in planning meetings to establish timelines, key deliverables, and resource requirements for asset projection and scenario generation
  • Conduct updates and perform ad hoc analyses concerning asset projections and scenario generation, especially for complex or regulatory-driven requests

• Maintain a strong working knowledge of asset projection processes and scenario generation methods, with the ability to implement updates as required
  • Keep detailed knowledge of asset projections and scenario generation, including familiarity with the relevant theories and assumptions
  • Serve as the subject matter expert for asset projection and scenario generation function, leverage expertise in asset projection modeling, economic scenario generators, AXIS, and insurance products to independently research and recommend solutions, and then implement the appropriate model changes
  • Ensure that all model updates are accurate, efficient, and consistent with established frameworks and governance standards
  • Stay up to date on industry developments, new AXIS and ESG features, and best practices in asset projection modeling; Communicate updates to the team and Genworth
  • Align asset projections and scenario generation approaches with Genworth's broader strategies for Asset Liability Management and investments
  • Collaborate with key stakeholders to maintain transparency regarding project status, timelines, and any issues that arise
• Comply with Genworth's actuarial and model governance policies and procedures
• Deliver support for product line and corporate initiatives pertaining to asset projection, scenario generation, and ALM projects

What you bring

• BA/BS in Actuarial Science, Mathematics, Statistics, or related field
• 5+ years of actuarial or asset experience overall, including 2+ years specifically in assets
• BA/BS in Actuarial Science, Mathematics, Statistics, or related field
• ASA or FSA certification required
• Proficient in actuarial modeling and asset projections
• Skilled in AXIS Software and Datalink
• Deep understanding of asset projections and features
• Effective team collaborator and player
• Strong written and verbal communication
• Able to manage multiple deadlines and priorities efficiently
• Excellent analytical and problem-solving abilities

Nice to have

• Programming Experience, especially with Python, Visual Basic, SQL, or MATLAB
• Knowledge of cash flow testing reporting
• Familiarity with life insurance, annuities, and LTC products (LTC preferred)
• Model conversion experience

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

ADDITIONAL

• At this time, Genworth will not sponsor a new applicant for employment authorization for this position.

For the State of New York: The base salary pay range for this role starts at a minimum rate of $115,900 up to the maximum of $220,200. 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 20% 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.