Long Term Care Actuary, Controllership Oversight

About Us
At Genworth and CareScout, we’re on a mission to simplify and dignify the aging experience.
The truth is, most of us will help a parent, spouse, family member, friend, or neighbor navigate aging and care at some point in our lives. We’ve been there ourselves. That’s why we’re building better ways to help people find, fund, and understand aging care all while being supported every step of the way.
We’re a team of curious problem-solvers, compassionate listeners, and people who care about making a difference. We value diverse perspectives and are committed to fostering an inclusive culture where every team member feels respected, supported, and empowered to bring their authentic self.
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
Assist with model change peer reviews and provide guidance on 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
ADDITIONAL
At this time, Genworth will not sponsor a new applicant for employment authorization for this position.
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