Director, Expense Management
Genworth
2024-10-04 10:49:38
Richmond, Virginia, United States
Job type: fulltime
Job industry: Executive Positions
Job description
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 & 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 & 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
ADDITIONAL
At this time, Genworth will not sponsor a new applicant for employment authorization for this position.