Senior Actuary, Strategic Exploration

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 sponsor ships, 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.

Richmond, VA Remote US (Eastern or Central Time)

As a key member on Genworth’s Long Term Care (LTC) Strategic Solutions Team, your expertise will be essential to identifying, researching, and recommending new, innovative Benefit Solutions that maximize the value of our in-force LTC blocks of business. This is a high-exposure, strategy-based team tasked with researching multiple risk mitigation initiatives and other business strategy initiatives to improve the overall profitability of Genworth’s inforce blocks of businesses.

This involves developing actuarial models, performing in depth analysis, and ultimately crafting recommendations to senior management. This role will require collaboration with other actuarial teams, governance, finance, reinsurance, risk, IT, leadership, and others to pull a holistic strategy recommendation together and share with senior leadership.

• Develop innovative strategies to drive policyholder behavior
• Develop tools and processes to aid in further understanding the impacts of policyholder behavior and identify opportunities for future Benefit Solution strategies
• Draw insights from analysis and make recommendations to senior management regarding implications of findings and proposed actions
• Manage and develop a junior, ASA level actuary
• Collaborate with other functional areas on a variety of in-force management initiatives and research
• Research, develop, maintain and enhance tools to research ad hoc requests for analysis and actuarial assistance on LTC issues

• BA/BS Degree in Mathematics/Statistics/Science, Actuarial Science, Business/Finance, Engineering or related major involving significant technical/analytical coursework
• FSA certification or ASA certification with relevant experience
• 7+ years actuarial experience
• Ability to operate independently, manage multiple priorities and meet deadlines
• Self-driven, highly-motivated and shows ownership in tasks
• Ability to think broadly and lead/influence without direct authority
• Demonstrates ability to perform thorough research, understand inputs, sources of data, and downstream impacts both within and outside of areas of direct control
• Strong communication skills, both oral and written
• Ability to interact professionally and effectively in a team environment
• Strong analytical and problem-solving skills
• Basic programming skills and experience in Microsoft Excel, VBA, Word and Power Point
• Ability to develop thorough, high quality documentation

• Prior LTC insurance experience
• Experience in actuarial modeling
• Strong proficiency in a programming language such as Python, SAS, R
• Experience with data visualization software such as Spotfire or…