Director of Expense Management

4 days ago


Richmond, Virginia, United States Genworth Full time
Director, Expense Management

At Genworth, we empower families to navigate the aging journey with confidence. Our finance team plays a critical role in supporting the financial strength and flexibility that enables us to be there when our policyholders need us – now and in the future.

Your Role

As a Finance team member, you'll contribute to the development of multi-year expense projections by product and company, providing strategic solutions that align with business goals. You will lead a team to budget, analyze, and manage $600M+ in operating expenses for the U.S. life insurance companies.

Key Responsibilities
  • Develop multi-year expense projections by product and company and provide strategic solutions that align with business goals
  • Create expense assumptions for actuarial processes, including statutory cash flow testing and GAAP reserving
  • Recommend annual budget targets and communicate with leadership the impacts to multi-year projections and actuarial processes
  • Lead the allocation of costs across companies, products, and business activities within the U.S. life organization, as well as ensuring appropriate cross-business allocations with other organizations across Genworth
  • Serve as a valuable partner to the business by analyzing department expenses and consulting with leaders to refine short-term outlook spend
  • Own the expense management framework and ensure adherence to guidelines across the organization
  • Manage a team of ~8 associates
What We Offer

Genworth employees make a difference in people's lives every day. We're committed to making a difference in our employees' lives. Our comprehensive benefits package includes:

  • Competitive Compensation & Total Rewards Incentives
  • 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

At Genworth, we value all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates.



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