Financial Director

2 weeks ago


Richmond, Virginia, United States Genworth Full time
Job Title: 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.

About the Role

As a Finance team member, you'll play a key role in supporting the financial strength and flexibility that enables us to be there when our policyholders need us – now and in the future. As the Director of Expense Management, you will be a part of the U.S. life insurance finance team, reporting to the Senior Director of Financial Planning and Analysis. 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
Requirements
  • 10+ years of finance experience, including in expense management
  • Experience leading a team across multiple locations, including hybrid and fully remote members
  • Excellent communication skills, both written and verbal, ideally with experience presenting at the executive level
  • Inquisitive nature and willingness to challenge the status quo
  • Proven interpersonal and communication skills with the ability to build and maintain relationships at all levels of the organization
  • Experience with Power BI and Alteryx is a plus
What We Offer
  • 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


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