Long Term Care Actuary, Controllership Oversight

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

Long Term Care Actuary, Controllership Oversight

POSITION LOCATION

Richmond, VA

Remote US (Eastern/Central Time)

This position is available to Virginia residents as Richmond, 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

As a member of the Long Term Care (LTC) Actuarial Model Governance and Controllership team, you will serve as a key player in the successful governance and controllership of Genworth’s LTC models and processes. In this role, you will become expert on LTC’s model, data and process flows and provide guidance on the appropriateness and design of controls to ensure that they comply with Company, industry, and actuarial professional standards.

This role requires collaborating closely with your team, control owners, and cross-functional teams to ensure process and control consistency. Your primary focus will be with the valuation and inforce rate action teams, with the expectation that oversight will expand to projections, experience, and data analytics teams. You will be a support the model governance team to complete model peer reviews and provide other analysis as needed.

What you will be doing

• Oversee the LTC control environment fostering open communication, sound control design and execution consistency across teams
• Consult on controls for new or enhanced processes
• Review existing controls for key high-risk processes and make improvement recommendations
• Collaborate with Operations and IT on administration system and data issues and controls
• Support efforts to develop clear and effective model and process documentation to increase transparency, accessibility, and understandability
• Provide governance peer review support for the development and enhancement of LTC actuarial models and processes
• Work to expand governance and controllership oversight to include emerging teams and products  
• Complete model change peer reviews and provide guidance of model governance processes.

What you bring

• BS/BA Degree in mathematics, statistics, actuarial science business/finance, and/or related major
• Fellow of Society of Actuaries (FSA) designation or Associate (ASA) with commensurate experience
• 5+ years of relevant actuarial experience, preferably with LTC insurance
• Strong analytical and problem-solving skills
• Ability to meet project deadlines and manage multiple priorities
• Strong communication skills, both oral and written
• Ability to interact professionally and effectively in a team environment
• Knowledge of actuarial processes: valuation, projections, and experience
• Results oriented, accountable for performance, and willingness to take ownership of projects

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

ADDITIONAL

• At this time, Genworth will not sponsor a new applicant for employment authorization for this position.

For the State of New York: The base salary pay range for this role starts at a minimum rate of $126,000 up to the maximum of $239,400.  In addition to your base salary, you will also be eligible to participate in an incentive plan. The incentive plan is based on performance and the target earning opportunity is 20% of your base compensation.  The final determination on base pay for this position will be based on multiple factors at the time of this job posting including but not limited to geographic location, experience, and qualifications to ensure pay equity within the organization.