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Director, Expense Management

Director, Expense Management

GenworthRichmond, VA, US
16 days ago
Job type
  • Full-time
Job description

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 careand 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.
  • Make it about others.
  • Make it happen.
  • Make it better.

Richmond, VA (hybrid)

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 Chief Financial Officer of the business. 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 :

  • Bachelor's degree in Finance, Accounting or related discipline
  • 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 :

  • 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.
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    Director Expense Management • Richmond, VA, US

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