Pricing Actuarial Associate, Objections, LTC In-force Management

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 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

Pricing Actuarial Associate, Objections, LTC In-Force Management

POSITION LOCATION

Richmond, VA

Remote US (Eastern or Central Time)

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.

YOUR ROLE

This team provides support in the in-force rate action pricing initiatives of Long Term Care (LTC) insurance products to meet market requirements while maintaining the company's profitability and risk management objectives. This role reports to the Objections Actuary. In this role you would provide mentorship to actuarial students and analysts.

What you will be doing

• Support the development of objection responses, to drive for approval of in-force rate action
• Provide guidance, peer review and mentorship for students and analysts on the team
• Provide peer review for LTC pricing projects
• Support policy form filings, including preparing exhibits for actuarial memoranda and reviewing technical aspects of policy forms
• Represent Genworth’s interests in conversations with regulators
• Develop innovative actuarial solutions to complex in-force pricing problems
• Develop tools to aid in the pricing of LTC products
• Assist in the development of Genworth specific LTC product knowledge within the team
• Support research and analysis of the original pricing and experience on newer blocks

What you bring

• Bachelor’s or Master’s degree in Actuarial Science, Statistics, or Mathematics related field of study
• Associate of the Society of Actuaries (ASA) Designation
• 5+ years of work experience; experience in LTC is preferred
• Proficiency with Microsoft Excel; hands on knowledge of technical coding in SQL is preferred
• Excellent analytical and problem-solving skills with a keen attention to detail
• Ability to manage concurrent deadlines and multiple priorities
• Hands on experience with creating and reviewing external facing documents is preferred

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

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

For the State of New York: The base salary pay range for this role starts at a minimum rate of $96,300 up to the maximum of $182,900.  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, and qualifications to ensure pay equity within the organization.