Experience Study Actuary, Life Assumption

About the role

As an Actuary and a key member of the Life Assumption team, you will play a critical role in the review of the Genworth life experience and the development of key actuarial assumptions to project future liabilities to ensure the company’s financial ability to meet its obligations. You will have an excellent opportunity to join a highly motivated and inclusive team responsible for providing assumption review and assumption recommendation to the organization.

Responsibilities

• Contribute to the Inforce experience reviews and support the Life mortality, lapse and premium persistency assumption development and the experience monitoring projects
• Analyze statistical data to forecast risk and liability for payment of future benefits, focusing on Life assumption setting
• Communicate results of recommendations and reviews to non-technical audience
• Collaborate with Projection and Valuation Team to create consistent messaging and improve reconciliations
• Provide peer review and guidance to actuarial experience and assumptions team
• Support maintenance and enhancements of assumption development process
• Develop and document internal controls for validating and reconciling assumptions implementation with valuation, projections, and pricing data
• Support ad-hoc requests for actuarial assistance

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related discipline
• Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)
• At least 5+ years relevant experience with FSA, more years required with ASA
• Experience in Actuarial processes, including valuation, projections, experience and pricing
• Knowledge of GAAP, Statutory and Tax financial reporting requirements for term and universal life insurance
• Strong proficiency in a programming language such as SAS, Python, R or SQL
• Ability to manage concurrent deadlines and multiple priorities in an organized manner

Qualifications

• 7+ years of relevant experience
• Experience in assumption development using Predictive Analytics like GLM modeling
• Experience in insurance, actuarial modeling platforms (AXIS), or assumption modeling

Skills

• Strong analytical and problem-solving skills
• Excellent communication and collaboration skills
• Proficiency in statistical analysis and modeling
• Experience with actuarial software and tools

Benefits

• Competitive Compensation & Total Rewards
• Employee Benefits & Well-Being

Pay

$109,000 – 169,000 High-Cost Range (includes New York): $136,000 -211,000

Schedule

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.