Experience Study Actuary, Life Assumption

Genworth

Actuary on Life Assumption team analyzing statistical data and forecasting liabilities. Collaborating across teams to ensure accurate financial projections for life insurance obligations.

Posted 7/5/2026full-timeRichmond • Virginia • 🇺🇸 United StatesMid-LevelSenior💰 $109,000 - $169,000 per yearWebsite

Tech Stack

Tools & technologies

PythonSQL

About the role

Key responsibilities & impact

Contribute to the Inforce experience reviews and support the Life mortality, lapse and premium persistency assumption development and the experience monitoring projects
Analyze statistical data to forecast risk and liability for payment of future benefits, focusing on Life assumption setting
Communicate results of recommendations and reviews to non-technical audience
Collaborate with Projection and Valuation Team to create consistent messaging and improve reconciliations.
Provide peer review and guidance to actuarial experience and assumptions team
Support maintenance and enhancements of assumption development process
Develop and document internal controls for validating and reconciling assumptions implementation with valuation, projections, and pricing data.
Support ad-hoc requests for actuarial assistance

Requirements

What you’ll need

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related discipline
Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)
At least 5+ years relevant experience with FSA, more years required with ASA
Experience in Actuarial processes, including valuation, projections, experience and pricing
Knowledge of GAAP, Statutory and Tax financial reporting requirements for term and universal life insurance
Strong proficiency in a programming language such as SAS, Python, R or SQL
Experience in life insurance experience studies and assumption setting
Ability to manage concurrent deadlines and multiple priorities in an organized manner
Nice to have 7+ years of relevant experience
Experience in assumption development using Predictive Analytics like GLM modeling.
Experience in insurance, actuarial modeling platforms (AXIS), or assumption modeling.

Benefits

Comp & perks

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

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

Actuarial ScienceStatistical AnalysisAssumption DevelopmentValuationProjectionsExperience StudiesPredictive AnalyticsGLM ModelingFinancial ReportingAssumption Modeling

Soft Skills

CommunicationOrganizational SkillsCollaborationPeer Review

Certifications

Fellow Of The Society Of Actuaries (FSA)Associate Of The Society Of Actuaries (ASA)