Actuarial Development Program Analyst, Variable Annuities

Position Title

Actuarial Development Program Analyst, Variable Annuities

Location

This position is available to Virginia residents as Richmond, Virginia in-office applicants or Lynchburg, 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

Calculating and holding appropriate reserves and projecting future cash flows is crucial to Genworth's ability to ensure it will be able to pay benefits to our policyholders when they need them the most, now and in the future. This role supports the actuarial department primarily by performing financial projections for the variable annuity blocks. As an actuarial analyst, you will be responsible for performing tasks to calculate the block's reserves, being involved in key projection processes, participating in and supporting the variable annuity leader in other capacities.

What You Will Be Doing

• Perform the preparation and analysis of projection results in a controlled environment, including CFT, MYP, and other ad-hoc tasks.
• Prepare summaries of results and explanations around the drivers of business results.
• Assist in testing of model and process updates, following established governance standards
• Support other initiatives and process improvements; including new regulatory requirements, accounting standards, and financial reporting controls.

Must Have/What You Bring

• Bachelor's degree in actuarial mathematics or finance.
• Good progress in actuarial exams
• 0-2 years of actuarial experience
• Knowledge of MS-Office software
• Familiar with insurance or annuity products
• Familiar with GAAP, Statutory, and Tax financial reporting requirements
• Familiar with modeling concepts or actuarial systems (AXIS or ALFA)
• Team player and demonstrated ability to work independently
• Strong collaboration and communication skills
• Ability to manage concurrent deadlines and multiple priorities in an organized manner
• Detail-oriented and hands-on, with strong problem solving and analytical skills

What We Offer

• 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
  • Unlimited Choice Time Off
  • 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

About Us

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.