Strategic Exploration Associate Actuarial Development Program Actuary

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.

Strategic Exploration Associate Actuarial Development Program Actuary

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.

As a key member on Genworth’s Long Term Care (LTC) Strategic Solutions team, you will be tasked with identifying, researching, and scoping innovative Benefit Solutions initiatives that maximize the value of our in-force LTC blocks of business. This is a high-exposure, project-based team tasked with researching multiple risk mitigation initiatives on the company’s inforce blocks of business, developing actuarial models and performing in depth analysis, and ultimate crafting recommendations to senior management.

This is a highly collaborative role that will partner with various stakeholders to ensure all perspectives are considered in the development of recommendations. Examples of potential risk mitigation initiatives include research into new reduced benefit options (RBOs) and the development of new alternative product solutions for policyholders facing rate actions, as well as research into other business strategic initiatives to reduce key risk exposure and improve the overall profitability of inforce blocks of businesses.

Genworth’s innovative Actuarial Development Program assists aspiring actuaries to become accomplished through obtaining the esteemed FSA designation. The 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.

Support in-force management initiatives related to LTC insurance blocks that…