Senior Actuary, Life Modeling & Modernization

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POSITION TITLE

Senior Actuary, Life Modeling

POSITION LOCATION

Richmond, VA

Remote US (Eastern or Central Time)

This position is available to Virginia residents as Richmond, Virginia in-office applicants

*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.

YOUR ROLE

As a member of the Life Modeling Team, you will serve as a senior Actuary and a key player in the successful maintenance and improvement of Genworth’s Life models across Universal Life (UL) and Traditional Life (TRAD) products. This role will be a subject matter expert on Genworth’s Life products and determine the appropriate modeling approaches for the Life models. With this expertise, you will serve as a senior resource to the team, leading projects, guiding workflows, and helping shape how Life models are developed and used across valuation and projection processes.

oin the Life & Annuities Modeling and Modernization Team at an exciting time as we modernize our Life systems and processes including, converting our legacy UL Projections & Valuation models to AXIS along with all peripheral processes. You will serve as a key player in the successful development, testing, and deployment of the new model and integrating the new AXIS model appropriately into our Life Modeling eco-system (Traditional and UL models and processes in AXIS). You will also collaborate with the Production Projections & Valuation Teams, along with IT, to design and help build sound infrastructure for the new systems (For example, extracts, downstream process flows), processes, and analysis tools. Following deployment of the new model, you will serve as a modeling expert supporting the execution, maintenance, and improvement of Genworth’s Life models.

What you will be doing

• Drive and contribute to key Modeling & Modernization initiatives, including the UL Conversion program and broader Life modeling efforts, helping design, build, test, and deploy AXIS models for valuation and projection use cases. Integrate and align modeling processes across UL and TRAD platforms, advancing a more unified Life modeling ecosystem within AXIS.
• Partner with Valuation, Projections, Administration, and IT teams to design and implement efficient, scalable end-to-end modeling processes, including upstream data flows, model execution, and downstream reporting and analytics.
• Identify and implement opportunities to streamline and enhance the modeling and production lifecycle through automation, improved tooling, and emerging AI-enabled capabilities.
• Provide subject matter expertise on Life products and modeling approaches, supporting cross-functional initiatives and solving complex modeling and business problems.
• Support and influence assumption development, implementation, and testing in collaboration with the assumptions team.
• Lead and support project workstreams by defining approach, managing execution, and ensuring high-quality deliverables across initiatives.
• Develop and maintain clear, well-structured model documentation to improve transparency, usability, and governance.
• Serve as a senior team member by providing guidance, mentorship, and technical leadership to junior staff and project team members.

What you bring

• BA/BS Degree in Mathematics, Statistics, Actuarial Science, Finance, Engineering, or a related field with strong quantitative and analytical coursework.
• FSA or ASA with commensurate experience (i.e., 7+ years of relevant experience in the actuarial or insurance industry).
• 8+ years of life insurance experience across Universal Life (UL) and/or Traditional Life (TRAD) products.
• Strong expertise in actuarial modeling platforms, with deep experience in AXIS and familiarity with systems such as Integrate/MG-ALFA and PolySystems.
• Strong technical and analytical skills, with demonstrated ability or interest in leveraging automation, data tools, and emerging AI capabilities to improve modeling processes and production efficiency.
• Ability to take a broader, end-to-end view of the modeling lifecycle, including connections between data, models, processes, and business applications.
• Inquisitive mindset with a willingness to challenge assumptions and deeply understand model design and behavior.
• Strong problem-solving skills and ability to analyze complex modeling and business issues.
• Proven ability to manage multiple priorities and deliver high-quality work under tight deadlines.
• Strong communication skills (verbal and written), with the ability to clearly explain complex concepts to both technical and non-technical stakeholders.
• Experience with programming and data tools (e.g., SQL, Excel, Python or similar technologies) and ability to apply them in a modeling environment.
• Knowledge of key actuarial processes, including valuation, projections, and experience analysis.
• Results-oriented mindset with strong ownership, accountability, and follow-through on commitments.
• Demonstrated ability to collaborate effectively across teams, lead technical workstreams, and influence decisions across cross-functional teams

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.

National Range: $137,000 - $212,000

High-Cost Range (includes New York): $171,500 - $266,000

Disclaimer: This role is aligned to a national market-based pay range. Actual compensation will vary based on geographic location, experience, skills, and other job-related factors. In addition to base salary, this role is eligible to participate in a bonus incentive plan. Incentive compensation is based on individual and company performance and is not guaranteed.