LTC Model Development Actuary

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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

Important Notice

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Legitimate Genworth job opportunities are posted on the Genworth / CareScout Careers website. Genworth / CareScout never conducts interviews via text or email, requests applicants to send money or make purchases, or asks for confidential information via text or email.

Genworth I CareScout recruiters will only contact candidates from email addresses ending with @genworth.com, and application-related communications will come from gnw@workday.com; candidates are advised to verify the spelling of these email addresses and avoid responding to suspicious or misspelled emails.

About Us

Genworth Financial, Inc (“Genworth”) (NYSE: GNW) is a Fortune 1000 company focused on empowering families to navigate the aging journey with confidence, now and in the future. Headquartered in Richmond, Virginia, Genworth and its CareScout businesses provide guidance, products, and services that help people understand their caregiving options and fund their long-term care needs. Genworth is also the parent company and majority-owner of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider.

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