Projections Analyst

Genworth · Richmond, VA

Company

Genworth

Location

Richmond, VA

Type

Full Time

Job Description

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

Projections Analyst

Position Location

Richmond, VA / Remote

Your Role

As an Actuarial team member, you'll help analyze and understand the financial implications of the experiences of our policyholders so we're there when they need us now and in the future. You will have the power to turn data into actionable insights and help make informed decisions about our business. Working with a supportive and collaborative team, you'll use your analytical skills to mitigate risk, create opportunities, and shape the future of Genworth. This role supports the Long-Term Care (LTC) Projections area with the primary responsibility of analyzing and preparing LDTI, CFT and ALM projections.

What You Will Be Doing• Liability analysis supporting Cash Flow Testing, LDTI, and Finance

  • SOE
  • Serve as liaison between Valuation and Finance
  • Coordinating MYP process
• Supporting ALM Projects

  • Duration Review
  • Equity Risk Appetite Review
• Supporting strategic analysis

  • Building out Detailed Projections & Analysis by State Code, BIO, etc
  • Determining impacts from initiatives such as CSA, interim surplus, etc
  • Review impacts of margin changes
• Communicate results of margin to a broad audience, including USLI and actuarial management, IFA, and investments• Supervise and mentor finance and actuarial staff

What You Bring• BS / BA degree in actuarial science, mathematics, statistics or related major• 3+ years of experience in the actuarial field or commensurate experience• Fellow of Society of Actuaries (FSA), Associate of Society of Actuaries (ASA) designation or commensurate experience• Experience with actuarial projection systems, proven modeling and analytical skills• Ability to manage concurrent deadlines and multiple priorities• Strong communication skills (verbal and written)

Preferred Qualifications• Strong LTC actuarial work experience and understanding of LTC product• Strong oral and written communications skills, with the ability to explain technical concepts and document processes• Attention to detail, strong focus on accuracy• Flexible team player, self-driven, motivated. Shows initiative and ownership in tasks• Ability to work cross-functionally and communicate complex concepts to technical and non-technical audiences.• Understanding of GAAP and Statutory Accounting

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

Date Posted

08/22/2023

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