Genworth Financial Inc. (NYSE: GNW), is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, with operations in 25 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries.

RESPONSIBILITIES
· Responsibilities include managing the many facets of financial risks (interest rate, credit, liquidity, disintermediation) inherent in interest-sensitive and long-duration insurance products. The person must be comfortable applying various investments, derivatives, reinsurance, and capital market solutions to manage such risks.
· Product lines to be managed include fixed annuities, universal life, term life, long term care, medicare supplement, hybrid products, and GICs.
· Integral part in the running the monthly Retirement & Protection Asset/Liability Committee. Duties include: coordinate meeting agendas, design effective Asset/Liability reports, risk monitoring & limit management, follow up on senior management questions.
· Optimize and model new/alternative asset classes for various insurance lines as appropriate.
· Devise and model investment and hedging strategies for various insurance lines.
· Close coordination and communication with portfolio managers and derivative managers from the Investment Team on how to execute investment and hedging strategies for the various insurance lines.
· Active involvement with product development teams on asset/liability and risk mitigation aspects of new product initiatives.
· Assist Finance Team on integrating hedging strategies into strategic and operational planning.
· Provide support to Finance and Investment Teams in the analysis of FAS133 hedge effectiveness of various derivative hedging programs
· Close coordination with Actuarial Projection team to ensure hedging strategies are properly implemented in cash flow testing and NAIC RBC C3 models.
· Participate in capital management projects that contain aspects related to hedging or investments.

BASIC QUALIFICATIONS

* B.S. Degree in Quantitative Finance, Mathematics, Statistics and/or related major
* 7+ years of actuarial experience, or working experience in commercial banking and/or investment banking risk management
* Basic knowledge about principles of asset / liability management of insurance and/or banking liabilities
* Strong computer and modeling skills, including intimate knowledge of Excel spreadsheets and VBA macros, Microsoft Office software
* Intellectual curiosity, interest about financial markets
* Basic understanding of statutory and GAAP insurance accounting principles, the general ledger, and the insurance model office
* Strong interpersonal and communications skills (oral and written), team player


PREFERRED QUALIFICATIONS

* Have experience managing asset/liability for one of four lines: long term care, annuities (variable or fixed), universal life, or other interest-sensitive insurance products
* Experience with economic capital models and/or ERM
* Strong asset and/or derivative modeling and projection experience in BondEdge, Blackrock, Yield Book, GAT, MG Alfa, or TAS
* Associate or Fellow of Society Of Actuaries designation and/or Chartered Financial Analyst designation
* Experience with capital market securitization of assets and insurance liabilities a plus
* Experience with Quantlib a plus
* Experience with financial pricing models involving the application of stochastic calculus and probability theory a definite plus
* PhD in financial economics with understanding of stochastic calculus and its application a huge plus