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Director amp Actuary Global Mortgage Insurance - Work inRaleigh

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Greensboro, NC

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Your role will provide a broad range ofactuarial services critical to the success of Global MortgagenInsurance's (GMIu2019s) platforms in US, Canada, Australianand other emerging markets. Working collaboratively with the GlobalnChief Actuary and other key stakeholders within the actuarial,nfinance and risk teams, this role will be responsible fornvalidation and peer review of the pricing and financial projectionnmodels and for providing oversight and assistance to the reserving,npricing, modeling and financial forecasting processes withinnGMI. nRESPONSIBILITIES Model Validationn(75%) Assist in development and execution of GMIu2019snModel Risk Management Framework with GMI platforms and thenEnterprise Model Governance Committee; assist in maintaining thenmodel validation schedule to ensure all critical models arenvalidated across all MI platforms. Activelynparticipate in the validation of reserving (both US GAAP andnChinese GAAP), pricing and financial projection models across allnGMI platforms to ensure that the model performance is in line withnthe intended design objectives and business needs.nProvide independent assessment of the critical models bynreviewing model assumptions, data sources, mathematical formulasnand business applications. Prepare a writtennreport documenting findings and recommendations. Follow up onnrecommendations to ensure they are implemented appropriately in anreasonable time frame. Provide an independentnview on model reliability, stability, and robustness, includingnback testing/benchmarking with internal/external data and adequacynmonitoring for carried reserves. Communicatenthe validation results to modeling teams, senior leadership andnappropriate governance committees. Researchnstate-of-the art modeling solutions available internally andnexternally and share the best practices across different MInplatforms. Collaborate with key stakeholders,nincluding members in Risk, Actuarial, Finance, Audit andnIT. Review of Quarterly ActuarialnReserving (15%) Review the actuarial reserving work product from everynGMI platform every quarter for all applicable accounting regimes tonensure adequate carried premium and loss reserves within GMInfinancial reporting. Ensure actuarialnvaluations for GMI entities comply with all relevant requirements -nregulatory, accounting and actuarial standards Leadershipnand Oversight (10%) Serve as an actuarial consulting resource on any globalninitiatives, inclusive of reserving, pricing, financialnprojections, regulatory and economic capital management,nreinsurance and asset-liability management.nAssist with GMI-level oversight of actuarial bestnpractices, including the creation, maintenance, and compliance ofnplatform level actuarial policies, standards andncontrols. Provide division level oversight andncoordination to assure consistency and quality of processes fornactuarial work with appropriate controls. nQUALIFICATIONS ACAS / ASA / MAAA or equivalent designationsnBacheloru2019s degree in actuarial science,nmathematics, statistics or related field 8 nyears actuarial experience, with experience in reserving, pricing,npredictive modeling, financial planning and analysisnThorough understanding of and demonstrated experiencenwith statistical methodologies like generalized linear models,ntransition modeling framework and time-seriesnforecasting Advanced proficiency innprogramming with SAS and Excel Strongncommunications, presentation and collaboration skills, with thenability to challenge platform actuarial, risk and financenprofessionals, as well as to convey technical concepts in plainnlanguage to non-technical audiencesnDemonstrated leadership and management capabilities, withnthe ability to effectively work across multiple disciplines,nplatforms and cultures Ability to worknindependently and manage model validation projects with minimalnsupervision Results oriented, accountable fornperformance, and take complete ownership of projectsnStrong grounding in actuarial controls and standards ofnpractice Willingness and ability to travelninternationally and conduct business meetings at early/late hoursnto accommodate time zone requirements and deadlines ADDITIONALnQUALIFICATIONS FCAS /nFSA / MAAA or equivalent designations GraduatenDegree in a quantitative discipline such as Statistics, ActuarialnSciences, Mathematics or Quantitative Finance with proven modelingn& analytical skills Prior model validationnexperience, especially in credit risk Workingnknowledge of mortgage lending, insurance and banking, includingnindustry practices, overall market trends, U.S. GAAP, Chinese GAAP,nIFRS and statutory reporting requirementsnWorking knowledge of Economic Capital and Embedded ValuenModels and Analysis Working knowledge ofnRegulatory and Rating Agency capital requirements for mortgageninsurance companies Working knowledge of fairnvalue concepts and capital asset pricing methodologiesnInternational experience working across multiple timenzones and cultures COMPANY **MEMBERS ONLY**SIGN UP NOW***.. is a leading insurancenholding company committed to helping families achieve the dream ofnhome ownership and address the financial challenges of agingnthrough its leadership positions in mortgage insurance and longnterm care insurance. Headquartered in Richmond, Virginia,nGenworth traces its roots back to 1871. Genworth Global Mortgage Insurance, headquartered innRaleigh, North Carolina, is a global mortgage insurer with a majornpresence in the United States, Canada, and Australia. Withnorigins dating back to 1980, Genworth Mortgage Insurance providesnprimary mortgage guaranty insurance coverage on residentialnmortgage loans, as well as mortgage pool insurance policies thatnenhance insurance coverage for various types of mortgage-relatednsecurities. Our mortgage insurance can help individualsnsecure low down payment loans and realize the dream of homenownership faster u2013 even for the first time. We know we canu2019t deliver on our missionnunless we deliver for our employees. Thatu2019s whynweu2019re committed to creating a work environment thatnfosters inclusion, excellence, improvement and connection. We knowneach employee contributes in their own unique way andnweu2019re dedicated to supporting every one of them to helpnthem reach their full potential.

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