Associate Actuary, Asset Projection, Actuarial Governance

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. 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
Associate Actuary, Asset Projection, Actuarial Governance

POSITION LOCATION

Richmond, VA

Remote US (Eastern and Central Time Zone)

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 holds primary responsibility for scenario generation and asset projections within the Economic Scenario Generator (ESG) and Moody’s Axis platforms. You will deliver scenarios and asset projections to support both product lines and corporate requirements on a monthly and quarterly basis. Additionally, you will implement modifications to scenario generation and asset projection processes that align with corporate objectives and contribute to achieving the organization’s strategic vision.

What you will be doing

This role reports to the asset projection leader. Main responsibilities include:

• Deliver monthly and quarterly scenarios and asset projections, ensuring timely completion within reporting cycles
  • Communicate progress effectively with stakeholders
  • Organize and join planning sessions to map out timelines and deliverables
• Support the asset projection leader and maintain expertise in scenario and asset models, including limitations
  • Use knowledge of assets, ESG, AXIS, and insurance assets and insurance products to research, test, validate, and recommend scenario and asset projection improvements
  • Ensure all changes are accurate, efficient, and align with desired structures
  • Stay updated on new features in AXIS and ESG
  • Mentor junior team members as they learn key systems and products if needed
• Perform updates and ad hoc analyses for scenario generation and asset projections as needed
• Adhere to Genworth actuarial and model governance policies
• Contribute to product line and corporate initiatives

What you bring 

• BA/BS in Actuarial Science, Mathematics, Statistics, Finance, or related field
• ASA Designation
• 3+ years in actuarial or asset roles
• Skilled in actuarial asset projections and GGY AXIS Software (including Datalink)
• Experience with Life insurance, Annuity, and Long-Term Care products, and Assets
• Team player
• Excellent communication skills
• Able to manage multiple deadlines
• Advanced problem-solving and analytical skills

Nice to have

• Programming in Python, Visual Basic, SQL, or MATLAB
• Understanding cash flow testing reporting
• 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 $91,200 up to the maximum of $168,700.  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 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.