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 TITLEPricing Actuary, Objections, LTC In-Force ManagementPOSITION LOCATIONRichmond, VARemote US (Eastern and Central Time Zone)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 ROLEThis team provides support in the in-force rate action pricing initiatives of Long Term Care (LTC) insurance products to meet market requirements while maintaining the company's profitability and risk management objectives. Reporting to the Objections Actuary, you will provide mentorship to actuarial students and analysts.What you will be doingSupport the development of objection responses, to drive for approval of in-force rate actionProvide guidance, peer review and mentorship for students and analysts on the teamProvide peer review for LTC pricing projectsSupport policy form filings, including preparing exhibits for actuarial memoranda and reviewing technical aspects of policy formsRepresent Genworth’s interests in conversations with regulatorsDevelop innovative actuarial solutions to complex in-force pricing problemsDevelop tools to aid in the pricing of LTC productsAssist in the development of Genworth specific LTC product knowledge within the teamSupport research and analysis of the original pricing and experience on newer blocksWhat you bring5+ years of work experience; experience in LTC is preferredCareer ASA, Fellow, or near FSAProficiency with Microsoft Excel; hands on knowledge of technical coding in SQL is preferredExcellent analytical and problem-solving skills with a keen attention to detailAbility to manage concurrent deadlines and multiple prioritiesHands on experience with creating and reviewing external facing documents is preferredEmployee 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 positionFor the State of New York: The base salary pay range for this role starts at a minimum rate of $115,900 up to the maximum of $220,200. 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.
Job Title
Pricing Actuary, Objections, LTC In-force Management