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Actuarial Analyst
Genworth Financial
Raleigh, NC, United States
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POSITION TITLE
Actuarial Analyst
LOCATION
Raleigh, NC
YOUR ROLE
This position reports to the Senior Director of Modeling and Actuarial Services for US Mortgage Insurance and is responsible to support the process for valuing reserves. The ideal candidate is well spoken, poised, reliable, responsible, detailed-oriented, highly organized, and is capable of handling multiple tasks simultaneously while maintaining a high-quality work product. This position will require interactions with multiple functions, data analysis, a strong understanding of company processes, and utilize accepted actuarial standards, methodologies, and knowledge gained through on the job training for continual evaluation and improvement of the reserving process.
YOUR RESPONSIBILITIES
• You will support the actuarial function in valuing reserves in US GAAP and Chinese GAAP (CGAAP) for the US mortgage insurance product lines
• You will apply traditional actuarial reserving techniques to assess reserves
• You will conduct reviews of loss results, past and current trends to project future losses
• You will support the development/design of new models for reserving and forecasting purposes
• You will display proficient ability to analyze SAS datasets and modeling results to test for possible data biases and errors
• You will review internal and external communications, including interactions with regulatory authorities and management that will describe and support reserve changes
• You will create and reviews documentation procedures and policy documents that ensure transparent and cohesive reserving processes
• You will incorporate and share best practices regarding reserving models, techniques, and research with other functions within Genworth
• You will demonstrate consistent progress and interest toward attaining Actuarial designations
YOUR QUALIFICATIONS
• Your bachelor’s degree in actuarial science, mathematics, statistics or a related field
• Your 2-5 years in actuarial, finance or risk functions
• Your 3-5 actuarial exams; commitment to learning actuarial principles by actively pursuing actuarial exams and making regular progress in completing them; USMI will provide support for those pursuing actuarial certifications
• Your experience and interest in property and casualty loss reserving process
• Your critical thinking and problem-solving skills
• Your proficiency in Microsoft Office (Excel, Access, Word and Power Point)
• Your ability to analyze data and develop recommendations
• Your attention to detail in a fast-paced environment; the ability to manage multiple priorities
• Your ability to work effectively within a team and cross-functional environment
ADDITIONAL QUALIFICATIONS
• Your experience with actuarial science, statistics, predictive modeling and machine learning techniques
• Your computer programming knowledge (such as SAS, VBA or other programming language)
• Your ability to work independently and without close supervision on multiple projects simultaneously, anticipate necessary effort and difficulty and adhere to mutually-agreed upon schedules
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.
Genworth Mortgage Insurance, headquartered in Raleigh, North Carolina, is a global mortgage insurer with a major presence in the United States, Canada, and Australia. With origins dating back to 1980, Genworth Mortgage Insurance provides primary mortgage guaranty insurance coverage on residential mortgage loans, as well as mortgage pool insurance policies that enhance insurance coverage for various types of mortgage-related securities. Our mortgage insurance can help individuals secure low down payment loans and realize the dream of home ownership faster – even for the first 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, excellence, improvement and connection. 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.