Director, Expense Management

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care—and we bring those experiences with us to work in serving our millions of policyholders each day.

We apply that same compassion and empathy as we work with each other and our local communities. Genworth values 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. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism.

Our four values guide our strategy, our decisions, and our interactions:

• Make it human. We care about the people that make up our customers, colleagues, and communities.
• Make it about others. We do what's best for our customers and collaborate to drive progress.
• Make it happen. We work with intention toward a common purpose and forge ways forward together.
• Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.

POSITION TITLE

Director, Expense Management

POSITION LOCATION

Richmond, VA (hybrid)

YOUR 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. This role plays an integral part in the strategic and financial planning and analysis for the U.S. life insurance companies and interfaces with leaders throughout the organization.

What you will be doing

• 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 you bring

• 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

Employee Benefits and Well-Being

Genworth employees make a difference in people’s lives every day. We’re committed to making a difference in our employees’ lives.

• Competitive Compensation and 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 and Certification Support
• Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial and legal management)
• Caregiver and Mental Health Support Services

ADDITIONAL

• At this time, Genworth will not sponsor a new applicant for employment authorization for this position.