Senior Manager, Life Projections

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 TITLE

Senior Manager, Life Projections

LOCATION

This position is available to hybrid or in-office candidates in Richmond or Lynchburg, VA, 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 the Life Projections Production Leader, you will be responsible for managing the completion of key projection processes for the Traditional and Universal Life blocks of business.

You will manage timelines and deliverables, collaborate across the team to implement model changes in projection models, and analyze and explain results to key stakeholders.

You will also support initiatives across the team to improve analytics and provide insightful information to better understand our business.

What You Will Be Doing

• Oversight of annual financial reporting processes including Statutory Cash Flow Testing and Actuarial Guideline 38 8C / D requirements, as well as GAAP projections to support margin testing and forecasts.
• Own AXIS and ALFA projection models and support model governance activities
• Support regulatory requests and exams
• Support the annual assumption review process through the evaluation of impacts related to potential assumption changes
• Support quarterly and annual company forecasting processes
• Support inforce analytic and special project initiatives across the Life team
• Manage small team of associates as well as supervise work completed by offshore contractors
• Evaluate current processes and recommend / execute improvements to drive efficiencies
• Understand the products, reinsurance, and regulations applicable to the Life blocks of business

Must Have / What You Bring

• Fellow of the Society of Actuaries (FSA) or ASA with commensurate experience
• 7+ years relevant actuarial experience
• Knowledge of life insurance products
• Experience with and knowledge of GAAP, Statutory and Tax financial reporting requirements
• Experience in actuarial systems (AXIS or ALFA) and MS-Office software
• Demonstrated leadership abilities
• Excellent written and communication skills
• Ability to manage concurrent deadlines and multiple priorities in an organized manner
• Team player with strong technical skills who works well with others in a professional environment

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

The base salary pay range for this role starts at a minimum rate of $147,000 up to the maximum of $200,000. 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 25% 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