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.
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•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.
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POSITION TITLE
LTC Model Development Actuary
POSITION LOCATION
Richmond, VA or Remote
YOUR ROLE
The Long-Term Care (LTC) Model Development Team is primarily responsible for the development, maintenance and improvement of multi-purpose actuarial models in Moody’s AXIS. You will support LTC model improvements for Valuation, Projections, ALM, and Inforce Action model functionality. You will be involved in the quarterly model change process and model/process improvement initiatives. In addition, you will support other LTC teams such as Experience, Analytics and Inforce Management that rely upon the actuarial models for their work.
What you will be doing
•Take ownership of model changes to be completed within the quarterly model change cycle
•Independently research, test, validate, and document model changes
•Ensure communication of progress and results to key stakeholders
•Provide frontline support to production teams by diagnosing and resolving modeling issues that impact reporting or analysis
•Serve as a subject matter expert for model functionality across all LTC actuarial models
•Provide modeling expertise to ensure model changes are accurate, efficient, and in alignment with overall desired model structure
•Maintain a good understanding of product features and models including known limitations and simplifications
•Stay informed of new and upcoming features in AXIS
•Facilitate the annual ALM model updates to be used for CFT
•Mentor more junior team members as they gain proficiency using AXIS
•Perform model updates and ad hoc analysis as needed
•Ensure compliance with Genworth model governance and documentation policies and procedures
•Support product line and corporate initiatives
What you bring
•Take ownership of model changes to be completed within the quarterly model change cycle
•Independently research, test, validate, and document model changes
•Ensure communication of progress and results to key stakeholders
•Provide frontline support to production teams by diagnosing and resolving modeling issues that impact reporting or analysis
•Serve as a subject matter expert for model functionality across all LTC actuarial models
•Provide modeling expertise to ensure model changes are accurate, efficient, and in alignment with overall desired model structure
•Maintain a good understanding of product features and models including known limitations and simplifications
•Stay informed of new and upcoming features in AXIS
•Facilitate the annual ALM model updates to be used for CFT
•Mentor more junior team members as they gain proficiency using AXIS
•Perform model updates and ad hoc analysis as needed
•Ensure compliance with Genworth model governance and documentation policies and procedures
•Support product line and corporate initiatives
ADDITIONAL
•At this time, Genworth will not sponsor a new applicant for employment authorization for this position.
National Range: $109,000 - $169,000
High-Cost Range (includes New York): $136,000-$211,000
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