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Actuarial Development Program

POSITION TITLE
Actuarial Development Program Analyst
LOCATION
Richmond, VA
YOUR ROLE
As an aspiring actuary, lifelong learning is at the core of your profession. Genworth’s innovative Actuarial Development Program aids in the navigation from aspiring to accomplished actuary through obtaining the esteemed FSA designation. Beginning July 2022, this multiple year program consists of 18–30 month rotational assignments that allow you to build foundational skills and competencies, business acumen, and leadership. Rotations will be within our various product lines and functions, providing you with diverse experiences and exposure throughout the organization.
Genworth fully supports our Actuarial Development Program members as they progress in their actuarial education. You will have study time available during work hours – up to 200 hours in any six-month period. Genworth will cover fees associated with exams, including registrations, study materials, and seminars. You will also receive salary increases for each exam passed with an extra bonus for passing on your first attempt.
As a member of the Genworth’s Actuarial Development Program, you can expect to:

  • Work in a fast-paced, innovative, and change-oriented work environment
  • Build a strong network of peers and mentors
  • Attend on-site technical and professional development classes
  • Participate in sponsored community service events
  • Utilize advanced Excel techniques and programming
  • Work with large data sets
  • Gain exposure to actuarial software, including GGY AXIS, MG-ALFA, and PolySystems
YOUR QUALIFICATIONS

  • Pursuing a Bachelor’s or Master's degree in Actuarial Science, Statistics or Mathematics related field of study
  • At least one passed Society of Actuaries Exam
  • Minimum final grade point average of 3.2 on a 4.0 scale
  • Career aspirations to attain a Fellowship designation
  • Demonstrated math and analytical skills
  • Previous internship experience, preferably within the insurance industry
  • Participation in some team or individual case study projects during undergraduate program
  • Demonstrated proficiency in oral and written communications
WHY GENWORTH?

  • We have a real impact on the lives of the people we serve
  • We work on challenging and rewarding projects
  • We give back to the communities where we live
  • We offer competitive benefits including:

  • Medical, Dental, Vision, Flexible Spending Account options beginning your first day 
  • Generous Choice Time Off
  • 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
COMPANY
Genworth Financial, Inc. is a leading insurance holding company committed to helping families achieve the dream of home ownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long-term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871. 
The mission of Genworth’s US Life business is to develop solutions that meet the financial challenges of aging, including individual and group long term care insurance, annuities, life insurance and new innovative products over time. 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 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.