Actuarial Development Program

Program information

Location: Richmond, VA
Majors: Actuarial Science, Mathematics, Statistics or related field
Degree: Bachelors or Masters
Preferred GPA: 3.2

Summary

The Genworth Actuarial Development Program is for highly skilled actuaries and leading Genworth employees who meet the qualifications of the Fellowship in the Society of Actuaries and wish to fully develop their actuarial talents.

Rotations 

  • Rotations last between 18 and 24 months
  • Pre-ASA: targeted toward rotations in various product lines but ideally one valuation, one projection and one pricing rotation
  • ASA to FSA: continued varied rotations as well as the option of one non-traditional actuarial role which could be outside of the actuarial function
  • FSA + 3 years: rotations through practice area across multiple product lines when possible

Exams

  • Students are expected to sit for an exam or module grouping each six-month period
  • Exam study materials, seminars and fees are paid for by Genworth
  • Study time provided during work hours - up to 200 hour in any six-month period
  • Salary increase for passing each exam and exam bonuses for passing some exams on the first attempt

Training

  • Focused training areas: foundational skills and competencies, business acumen, leadership
  • Training builds as student progresses through the program

Mentoring

  • Monthly meetings recommended for each student and his/her mentor
  • Mentor's level in the organization increases as the student progresses through the program

Qualifications

  • Pursuing a Bachelor's or Master's degree in Actuarial Science, Statistics or Mathematics related field of study
  • At least one (1) passed Society of Actuaries Exam
  • Willingness to relocate based on rotational program needs

In addition, preferred candidates for the program should have:

  • Career aspirations to attain the Actuarial Fellowship designation
  • Demonstrated math and analytical skills
  • Demonstrated proficiency in oral and written communications
  • Internship(s) in the insurance industry
  • Participated in some team or individual case study projects in their undergraduate program
  • Technical skills such as the ability to code in at least one programming language

Click here to apply for the Actuarial Development Program starting in the Summer of 2014.

141816ADP 02/14/13

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