Job Description

POSITION TITLE

Director & Actuary, Universal Life Projections

LOCATION

Richmond, VA

YOUR ROLE

You will support the project to take ownership of and enhance functionality of the Universal Life (UL) projections model and processes which has been performed by consultants in the past. This includes model validation, projection model testing and enhancement and model output processing. Upon completion of the project (in time for the 2021 Cash Flow Testing (CFT) season), this role will transition to supporting the UL Projections team where you will continue to work with the model while executing CFT and other projections-based analysis.

YOUR RESPONSIBILITIES

* Support completion of UL Projections Project by:
* Completing deep-dives into UL product specifications and corresponding model functionality
* Performing cellular and aggregate level testing to understand and confirm model functionality
* Maintaining a status log to track change items as open, pending or closed
* Supporting version upgrade to latest MG-ALFA version
* Producing baseline, process, and change management documentation
* As a member of the UL Projections team, you will:
* Participate in CFT, AG38-8D Reserve Calculations, Option-Based Valuation (OBV) and other miscellaneous UL projections analysis, including ad-hoc reinsurance requests
* Develop detailed analysis and review of year-over-year model, assumption and in force change impacts on projections
* Support Inforce team with profitability analysis and annual assumption review
* Support Model Governance and Change Management processes with development of business requirements and model peer reviews

YOUR QUALIFICATIONS

* BA/BS Degree in Mathematics/Statistics/Science, Actuarial Science, Business/Finance, IT, Engineering or related major involving significant technical/analytical coursework
* FSA, near FSA or career ASA with commensurate experience (e.g., 5 + years of relevant work experience within insurance or actuarial industry)
* 5 + years of life insurance experience, preferably UL focused
* Experience with actuarial systems, such as MG-ALFA, PolySystems, or AXIS
* Inquisitive mindset with desire to ask questions and dig deep into models
* Strong analytical and problem-solving skills
* Ability to meet project deadlines and manage multiple priorities
* Strong communication skills (verbal and written)
* Programming skills and experience in Microsoft Office applications
* Ability to interact professionally and effectively in a team environment
* Results oriented, accountable for performance, and willingness to take ownership of projects

PREFERRED QUALIFICATIONS

* Knowledge of UL regulatory environment (e.g., Statutory Reserves, CFT)
* Programming experience (e.g., SAS, VBA)
* Familiarity with data visualization and analytics software (e.g., TIBCO Spotfire)

WHY GENWORTH?

* We have a real impact on the lives of the people we serve
* We work on challenging and rewarding projects
* We give back to the communities where we live
* We offer competitive benefits including:
* Medical, Dental, Vision, Flexible Spending Account options beginning your first day
* Generous Choice Time Off your first full year
* 12 Paid Holidays
* 40 hours of volunteer time off
* 401K Account with matching contributions
* Tuition Reimbursement and Student Loan Repayment
* Paid Family Leave
* Child Care Subsidy Program

COMPANY

Genworth Financial, Inc. is a leading insurance holding company committed to helping families achieve the dream of home ownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871.

The mission of Genworths US Life business is to efficiently keep our promises to our customers and their families and to lead the industry forward to solve the nations long term care crisis.

We know we cant deliver on our mission unless we deliver for our employees. Thats why were committed to creating a work environment that fosters diversity, inclusion, camaraderie, rewarding work, community involvement, and a focus on our employees well-being. We know each employee contributes in their own unique way and were dedicated to supporting every one of them to help them reach their full potential.