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Genworth is seeking an Actuarial Development Program Associate Actuary to join the LTC Strategic Initiatives team. This role focuses on analyzing and monitoring Long Term Care assumptions, using predictive analytics, modeling, and generating reports to support decision-making processes. Candidates should have a BS/BA in actuarial science and be well-versed in tools like Python and Excel. Competitive compensation, excellent benefits, and a collaborative work environment await successful applicants.
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:
POSITION TITLE
Actuarial Development Program Associate Actuary—LTC Strategic Initiatives Assumptions
POSITION LOCATION
This position is available to Virginia residents as Richmond, Virginia in-office/hybrid applicants and to 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, Vermont, Virginia, Washington DC, West Virginia or Wisconsin.
YOUR ROLE
This role within Genworth’s Actuarial Development Program is on the Long Term Care (LTC) Strategic Initiatives Assumptions team with the responsibility of providing analytical expertise to monitor the performance of LTC assumptions, providing valuable insights that will help drive business decisions. In this role, you will generate actual to expected analysis/reporting, use predictive analytics, and use AXIS projection models for scenario modeling. Actuarial skills will be used and further developed in order to monitor assumptions and make recommendations for improvements.
What you will be doing
What you bring
Nice to have
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.
Additional Information
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 for this position will be based on multiple factors at the time of this job posting including, but not limited to, geographic location, experience, exam progression, and qualifications to ensure pay equity within the organization.