Vice President, Actuarial Research Leader, Long Term Care

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Company: Genworth
Location: Richmond, VA

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TITLE

Vice President, Actuarial Research Leader, Long Term Care

LOCATION

Richmond, VA


YOUR ROLE

In this role, you will provide thought leadership as a member of the Long Term Care (LTC) Actuarial Senior Staff and the LTC Closed Block Operating Committee, with specific responsibility for the Experience and Projection teams. This role builds relationships and works closely with other areas in LTC Actuarial, Corporate Actuarial, the In Force Actions (IFA) area, Financial Planning & Analysis, Investments, Pricing, IT and Closed Block Management. Teams reporting to this role are responsible for LTC actuarial assumptions for all purposes, and actuarial projections for purposes of reserve adequacy and other analysis. This role coaches and mentors in order to develop team members from both technical and business acumen perspectives.


YOUR RESPONSIBILITIES

  • Manage LTC Projections, Experience and Experience System Teams
  • Partner with LTC leadership to evaluate emerging experience and, where appropriate, propose updates to go forward assumptions
  • Partner with LTC Actuarial Production Team Leader and IT Leadership to prioritize model changes and data initiatives
  • Develop team members both from a technical and business acumen perspective; create a collaborative, inclusive and high-performing culture
  • Communicate key metrics with multiple stakeholders including internal management, auditors and regulators
  • Support strategic initiatives, as requested
  • Provide thought leadership on how to improve tools and processes to free up resources to focus more on analytics and less on process
  • Ensure comprehensive but also timely peer reviews / UAT of model changes
  • Oversee the LTC Experience Team’s review and refinements of actuarial assumptions and A/E (Experience basis) report development and production
  • Oversee the LTC Projection Team’s production of quarterly and annual projections while ensuring a robust control environment is maintained
  • Oversee the LTC Experience Systems Team’s development of new experience database and tools
  • Partner with Risk Team to improve Economic Capital methodologies
  • Partner with Investment Team to analyze investment and hedging strategies
  • Partner with LTC Actuarial Production Team Leader to ensure compliance with emerging regulatory and financial reporting frameworks
  • Prepare Q&A documents in support of quarterly earnings releases
  • Improve documentation/metadata


YOUR QUALIFICATIONS

  • BS/BA Degree in Actuarial Science, Mathematics, Statistics and/or related major
  • Fellow of Society of Actuaries
  • 15+ Years of experience in the actuarial field, prefer LTC experience
  • Experience managing actuarial teams
  • Strong presentation skills and experience presenting to senior leadership
  • Ability to manage concurrent deadlines and multiple priorities
  • Strong project management skills
  • Understanding of GAAP, Statutory and Tax financial reporting requirements
  • Experience with Actuarial projection & valuation systems (i.e. AXIS, PolySystems, Prophet, PTS, ALFA)


Why Genworth?

  • We have a real impact on the lives of the people we serve
  • We work on challenging and rewarding projects
  • We give back to the communities where we live
  • We offer competitive benefits including:

    • Medical, Dental, Vision, Flexible Spending Account options beginning your first day
    • 20 days of Choice Time Off your first full year
    • 11 Paid Holidays
    • 40 hours of volunteer time off
    • 401k Account with matching contributions
    • Tuition Reimbursement and Student Loan Repayment
    • Paid Family Leave
    • Child Care Subsidy Program


COMPANY

Genworth Financial, Inc. is a leading insurance holding company committed to helping families achieve the dream of home ownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871.

The mission of Genworth’s US Life business is to develop solutions that meet the financial challenges of aging, including individual and group long term care insurance, annuities, life insurance and new innovative products over time.

We know we can’t deliver on our mission unless we deliver for our employees. That’s why we’re committed to creating a work environment that fosters inclusion, camaraderie, rewarding work, community involvement, and a focus on our employees’ well-being. We know each employee contributes in their own unique way and we’re dedicated to supporting every one of them to help them reach their full potential.