Actuary, Asset Projection, Actuarial Governance

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 TITLEActuary, Asset Projection, Actuarial GovernancePOSITION LOCATIONRichmond, VARemote US (Eastern & Central Time Zones)This position is available to Virginia residents as Richmond, Virginia in-office applicants*A Hybrid schedule of both Remote and In-Office days is required. In office days are Tuesday, Wednesday and Thursday with working hours targeting our core business hours of 9am-5pm EST.This position is available to 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, Vermont, Virginia, Washington DC, West Virginia or Wisconsin.* A Hybrid schedule of both Remote and In-Office days would be required if you reside within 50 miles of a Genworth | CareScout office with working hours targeting our core business hours of 9am-5pm EST.YOUR ROLEThe Asset Projection Team is principally responsible for asset projections and scenario generation within Moody’s Axis and Economic Scenario Generators (ESG). In this role, you will work closely with the Asset Projection Leader to deliver targeted support to Life, Annuity, LTC, and Corporate departments. Furthermore, you will implement changes to asset projection and scenario generation processes that enhance both product lines and corporate functions, facilitating progress toward the organization's strategic objectives.What you will be doingThe main responsibilities for this position are:Collaborate with the Asset Projection Leader and lead asset projections and scenario generation for product lines when needed.Contribute to asset projection and scenario generation efforts to facilitate production activities related to Cash Flow Testing, asset projections, and scenario development, as necessaryParticipate in planning meetings to establish timelines, key deliverables, and resource requirements for asset projection and scenario generationConduct updates and perform ad hoc analyses concerning asset projections and scenario generation, especially for complex or regulatory-driven requestsMaintain a strong working knowledge of asset projection processes and scenario generation methods, with the ability to implement updates as requiredKeep detailed knowledge of asset projections and scenario generation, including familiarity with the relevant theories and assumptionsServe as the subject matter expert for asset projection and scenario generation function, leverage expertise in asset projection modeling, economic scenario generators, AXIS, and insurance products to independently research and recommend solutions, and then implement the appropriate model changesEnsure that all model updates are accurate, efficient, and consistent with established frameworks and governance standardsStay up to date on industry developments, new AXIS and ESG features, and best practices in asset projection modeling; Communicate updates to the team and GenworthAlign asset projections and scenario generation approaches with Genworth’s broader strategies for Asset Liability Management and investmentsCollaborate with key stakeholders to maintain transparency regarding project status, timelines, and any issues that ariseComply with Genworth’s actuarial and model governance policies and proceduresDeliver support for product line and corporate initiatives pertaining to asset projection, scenario generation, and ALM projectsWhat you bringBA/BS in Actuarial Science, Mathematics, Statistics, or related field5+ years of actuarial or asset experience overall, including 2+ years specifically in assetsBA/BS in Actuarial Science, Mathematics, Statistics, or related fieldASA or FSA certification requiredProficient in actuarial modeling and asset projectionsSkilled in AXIS Software and DatalinkDeep understanding of asset projections and featuresEffective team collaborator and playerStrong written and verbal communicationAble to manage multiple deadlines and priorities efficientlyExcellent analytical and problem-solving abilitiesNice to haveProgramming Experience, especially with Python, Visual Basic, SQL, or MATLABKnowledge of cash flow testing reportingFamiliarity with life insurance, annuities, and LTC products (LTC preferred)Model conversion experienceEmployee Benefits & Well-BeingGenworth 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 IncentivesComprehensive Healthcare CoverageMultiple 401(k) Savings Plan OptionsAuto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)Generous Paid Time Off – Including 12 Paid Holidays, Volunteer Time Off and Paid Family LeaveDisability, Life, and Long Term Care InsuranceTuition Reimbursement, Student Loan Repayment and Training & Certification SupportWellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)Caregiver and Mental Health Support ServicesADDITIONAL At this time, Genworth will not sponsor a new applicant for employment authorization for this position.National Range: $109,000 - $169,000High-Cost Range (includes New York): $115,900 -$220,200Disclaimer: This role is aligned to a national market-based pay range. Actual compensation will vary based on geographic location, experience, skills, and other job-related factors. In addition to base salary, this role is eligible to participate in a bonus incentive plan. Incentive compensation is based on individual and company performance and is not guaranteed.SummaryLocation: Richmond, Virginia; Remote (US); Lynchburg, VirginiaType: Full time