Insurance Product Development Jobs in Virginia (NOW HIRING)

About CareScout
Join us on a mission to simplify and dignify the aging experience. We are the children, siblings, neighbors, and friends of those navigating the fragmented and confusing system of long-term care. Our team is ferociously curious and relentless in our pursuit of a better system - and we are deeply committed to a sense of belonging for all, in all phases of life.
We're creating a new experience for care seekers and their families, bringing together long-term care options, non-healthcare resources, education, and human support into one place. We work hard, we have fun, we care about each other, and we share the mission. If this sounds like a place where you could thrive, join us!
CareScout is a wholly owned subsidiary of Genworth Financial, Inc, a Fortune 500 provider of products, services and solutions that help families address the financial challenges of aging.
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
CareScout Insurance Pricing Leader
POSITION LOCATION
Hybrid / Remote - Richmond, VA and New York City
YOUR ROLE
As a Pricing Actuary, you will play a critical role in the design, pricing, and financial sustainability of CareScout's insurance products, with a focus on new and innovative life and annuity hybrid products with LTC benefits, as well as traditional standalone LTC and short-term care. You will lead the development of new product pricing models and assumptions, collaborating with our in-force experience team to support profitable and stable new products. You will work cross-functionally to drive for an appropriate balance between commercial appeal and risk considerations, engaging with senior management to facilitate the approval of new pricing assumptions. You'll also interact with state regulators to facilitate the filing and approval of forms and rates.
What you will be doing
Lead pricing and product development for standalone LTC and life/annuity LTC hybrid products, including assumption development, profitability testing, and scenario analysis
Work with internal partners and 3rd parties as necessary for product development, pricing and/or implementation efforts
Consult with valuation, modeling and experience teams to align on reserving methodology, any ongoing pricing responsibilities and to ensure successful ongoing reporting and monitoring once in force
Deliver well-documented pricing models, actuarial memoranda and exhibits, and pricing recommendations that support confidence among senior leadership and regulators
Evaluate product updates and enhancements, monitor emerging experience, and assess impacts relative to pricing assumptions
Identify, quantify, and clearly communicate product risks, trade-offs, and long-term profitability considerations
Take end-to-end ownership of pricing accuracy, governance standards, and continuous improvement of pricing methodologies and tools
Partner closely with Product Development, Underwriting, Risk, Finance, and Compliance to support competitive, customer-focused product design and successful filings
What you bring
Recent LTC and Hybrid Market Product and Pricing Experience
Strong Collaboration and Ability to Operate and Generate Buy-In Within Matrix Organization
Affinity for working in a creative environment focused on proactive research and development of new products
Strong communication skills, both oral and written
Strong analytical and problem-solving skills
Ability to think broadly
Demonstrated accountability in meeting project deadlines and managing multiple priorities
Bachelor's degree in actuarial science, mathematics, statistics, finance, economics or related quantitative field
Fellow of the society of Actuaries (FSA)
Proficiency With GGY AXIS and/or MG ALFA
15+ Years Relevant 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