Vice President & Managing Actuary, Life - Relocate to Richmond, VA

Genworth - Cincinnati, OH (30+ days ago)3.7


YOUR ROLE
Your role will be an integral part of the Actuarial Department & member of the Actuarial Senior Leadership Team, reporting directly to the Chief Financial Officer of our US Life business segment. You will be responsible for leading all aspects of Life actuarial work, including valuation & financial reporting, model development, projections, experience studies, assumption development and in force management.
Genworth has significant blocks of both Term and Universal Life (with and without Secondary Guarantees), each of which present unique financial reporting and administrative complexities. You will have the opportunity to effectively develop and lead a large and diverse team and for prioritize both "run-the-shop" activities and improvement initiatives. You will also communicate, collaborate and partner with leaders across a wide range of functional disciplines.
YOUR RESPONSIBILITIES

Provide leadership for a team of 50+ associates through Senior Managers working on Term Life, Universal Life and other smaller blocks of life insurance
Execute effective management reporting and communication to senior leadership
Effectively communicate with regulators, auditors and other external stakeholders
Lead experience reviews and assumption development
Manage model development and maintenance to improve analytical capabilities and efficiencies
Provide oversight for monthly US GAAP, Chinese GAAP and Statutory valuation and financial reporting
Supervise projections in relation to US GAAP Loss Recognition Testing, Statutory Cash Flow Testing (including Actuarial Guidelines 38 and 48) and business planning
Ensure that strong and effective controls are designed and executed
Lead in force management reviews and adjustments to non-guaranteed elements, as appropriate
Partner with other leaders in the establishment & ongoing management of reinsurance arrangements
YOUR QUALIFICATIONS

15+ years actuarial experience - including significant, applicable experience with both Term and Universal Life products experience in both product lines.
Experience managing large actuarial teams with a focus on building organizational talent
Fellow of the Society of Actuaries and Member, American Academy of Actuaries
BS/BA Degree in Actuarial Science, Mathematics, Statistics and/or related major
Strong understanding of GAAP and Statutory financial reporting requirements
Strong communication and relationship building skills with both technical and non-technical colleagues
Ability to manage concurrent deadlines and multiple priorities
Experience with actuarial projection and valuation systems (i.e. GGY AXIS, PolySystems)
Strong presentation skills and experience presenting to senior leadership
ADDITIONAL QUALIFICATIONS

10+ Years of Life actuarial experience
Experience with business planning
Experience with Chinese GAAP and/or IFRS
Strong reinsurance knowledge, including captive structures