Genworth Actuarial Development Program Analyst – 2027

Genworth; Richmond (VA); Hybrid; USD 71,000 - 93,000; Full time

Job summary

Genworth’s Actuarial Development Program in Richmond, VA starts Summer 2027 with 18–30 month rotations, helping you progress from aspiring actuary to FSA through diverse assignments across product lines.

The program includes up to 200 study hours per six months, exam fees covered, salary increases for each exam passed, and relocation assistance if needed, plus exposure to GGY AXIS, MG-ALFA and PolySystems. It also supports collaboration and leadership development.

Qualifications

• Must be graduating by Spring 2027 with a Bachelor’s or Master’s degree in Actuarial Science, Statistics or Mathematics related field
• At least one passed SOA exam
• Minimum GPA 3.2 on a 4.0 scale
• Career aspirations to attain a Fellowship designation

Responsibilities

• Work in a fast-paced, innovative, and change-oriented work environment
• Build a strong network of peers and mentors
• Attend on-site technical and professional development classes
• Participate in sponsored community service events
• Utilize advanced Excel techniques and programming
• Work with large data sets
• Gain exposure to actuarial software including GGY AXIS, MG-ALFA, and PolySystems

Skills

Math & analytical skills

Oral & written communications

Team & project work

Education

Bachelor's or Master's in Actuarial Science/Statistics/Math

Tools

GGY AXIS

MG-ALFA

PolySystems

Job description

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

Actuarial Development Program Analyst – Summer 2027

POSITION LOCATION

This position is hybrid and located in Richmond, VA. Candidates may be eligible for relocation assistance if they are not located in the area.

YOUR ROLE

Genworth’s innovative Actuarial Development Program aids in the navigation from aspiring to accomplished actuary through obtaining the esteemed FSA designation. Beginning Summer 2027, this multiple year program consists of 18–30 month rotational assignments that allow you to build foundational skills and competencies, business acumen, and leadership. Rotations will be within our various product lines and functions, providing you with diverse experiences and exposure throughout the organization.

Genworth fully supports our Actuarial Development Program members as they progress in their actuarial education. You will have study time available during work hours – up to 200 hours in any six-month period. Genworth will cover fees associated with exams, including registrations, study materials, and seminars. You will also receive salary increases for each exam passed with an extra bonus for passing on your first attempt.

What you will be doing

As a member of the Genworth’s Actuarial Development Program, you can expect to:

• Work in a fast-paced, innovative, and change-oriented work environment
• Build a strong network of peers and mentors
• Attend on-site technical and professional development classes
• Participate in sponsored community service events
• Utilize advanced Excel techniques and programming
• Work with large data sets
• Gain exposure to actuarial software, including GGY AXIS, MG-ALFA, and PolySystems

What you bring

• Must be graduating by the Spring of 2027 with a Bachelor’s or Master’s degree in Actuarial Science, Statistics or Mathematics related field of study
• At least one passed Society of Actuaries (SOA) Exam
• Minimum final grade point average of 3.2 on a 4.0 scale
• Career aspirations to attain a Fellowship designation.
• Demonstrated math and analytical skills
• Previous internship experience, preferably within the insurance industry
• Participation in some team or individual case study projects during undergraduate program
• Demonstrated proficiency in oral and written communications

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 INFORMATION

Hiring Rate: $70,500 - $92,500

Disclaimer

This role is aligned to a national market-based pay range. Actual compensation will vary based on geographic location, experience, skills, and other job-related factors, such as exam progression towards the Associate in the Society of Actuaries (ASA) designation. In addition to base salary, this role is eligible to participate in a bonus incentive plan. Incentive compensation is based on individual and company performance and is not guaranteed.

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