Production Lead Job at Genworth
Title
AVP & Production Leader, Model Development, Long Term Care
Location
Richmond, VA or Remote
Your Role
The Long-Term Care (LTC) Model Development Team is primarily responsible for the development, maintenance and improvement of multi-purpose actuarial models in Moody’s AXIS. This role leads a team of actuaries supporting LTC model improvements for Valuation, Projections, and Inforce Action model functionality. Maintaining a long-term vision, you will manage the quarterly model change process and advance the models toward the desired future state. In addition, you will support other LTC teams such as Experience, Analytics, and Inforce Management that rely upon the actuarial models for their work.
What You Will Be Doing
The main responsibilities for this position are:
- Facilitate the quarterly model update cycle for Valuation, Projections, and Inforce Action model functionality.
- Participate in planning sessions to define scope of quarterly model changes
- Coordinate the distribution of modeling work among model development team members
- Ensure communication with model owners to keep them informed of progress and
- Serve as a subject matter expert for model functionality across all LTC actuarial models.
- Provide modeling expertise to the team to help ensure model changes are accurate,
- Use knowledge of AXIS and model capabilities to provide insight regarding current
- Maintain a vision for the desired future state of LTC models; plan and pursue progress
- Stay informed of new and upcoming features in AXIS.
- Lead projects to improve model capabilities and work toward a future state, particularly those
- Supervise a team of 3-4 actuaries and actuarial students.
- Mentor more junior team members as they gain proficiency using AXIS.
- Develop team members both from a technical and business acumen perspective; create a
- Perform model updates and ad hoc analysis as needed, especially for complex requests.
- Ensure compliance with Genworth model governance and documentation policies and
- Support product line and corporate initiatives.
Must Have/What You Bring
We are looking for a team player with strong technical skills who works well with others in a professional environment. The following skills and qualifications are required.
- Fellow of the Society of Actuaries or ASA with commensurate experience
- 7+ years relevant actuarial experience
- Strong proficiency with actuarial modeling, AXIS preferred
- Demonstrated leadership ability; team player
- Excellent written and oral communication skills
- Ability to manage concurrent deadlines and multiple priorities in an organized manner
- Strong problem solving and analytical skills
- Understanding of GAAP (LDTI), Statutory, and Tax financial reporting requirements
- BA/BS Degree in Actuarial Science, Mathematics, Statistics or comparable major
Nice to Have
- Strong proficiency using AXIS Software including Datalink
- Long Term Care product experience
- Significant knowledge of LDTI requirements
- Experience with model conversions
- Programming experience, especially SQL, Visual Basic, SAS, Python, and/or MATLAB
- 10+ years relevant actuarial experience
What We Offer
- Opportunity to have real impact on the lives of the people we serve
- Opportunity to work on challenging and rewarding projects
- Opportunity to give back to the communities where we live
- Competitive benefits including:
- Medical, Dental, Vision, Flexible Spending Account options beginning your first day
- Generous Choice Time Off Policy
- 12 Paid Holidays
- 40 hours of volunteer time off
- 401K Account with matching contributions
- Tuition Reimbursement and Student Loan Repayment
- Paid Family Leave
- Child Care Subsidy Program
About Us
Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 provider of products, services and solutions that help families address the financial challenges of aging. Headquartered in Richmond, Virginia, we apply our nearly 150 years of experience each day to helping people navigate caregiving options and fund their long term care needs. Genworth is also the parent company of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information on Genworth, please visit https://www.genworth.com/. From time to time Enact separately releases financial and other information about its operations. This information can be found at https://ir.enactmi.com/.
The mission of Genworth’s US Life business is to efficiently keep our promises to our customers and their families and to lead the industry forward to solve the nation’s long term care crisis.
We know we can’t deliver on our mission unless we deliver for our employees. That’s why we’re committed to creating a work environment that fosters diversity, inclusion, camaraderie, rewarding work, community involvement, and a focus on our employees’ well-being. We know each employee contributes in their own unique way and we’re dedicated to supporting every one of them to help them reach their full potential.
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