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
Financial Planning Analyst
POSITION LOCATION
Richmond, VA (hybrid) or
Remote US (Eastern and Central Time Zones)
This position is available to Virginia residents as Richmond, Virginia in-office applicants or remote applicants residing in states / locations under Eastern or Central Standard Time : Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington DC, Vermont, West Virginia or Wisconsin.
YOUR ROLE
You will be responsible for preparing and maintaining monthly & quarterly analysis of investment results. You will develop variance analyses and reconciliations and use problem solving and critical thinking skills to explain drivers. You will support the financial reporting and planning processes through assigned tasks and special projects.
What you will be doing
Develop variance analysis reporting and reconciliation of actual results to prior estimates and provide explanations. Communicate investment results to portfolio management, corporate and US Life business line leaders. Analysis includes the evaluation of book values, book yields, earned investment income and cash flows.Create investment related projections for short range, multi-year and operating plan forecasting processes. Effectively communicate and explain projections to investment management and business line leaders including changes versus liability pricing assumptions, prior forecasts and operating plans.Manage the monthly cash flow forecasting process by evaluating and explaining variances and partnering with forecast owners to improve accuracySupport the monthly forecasting and annual planning of investment realized gains / lossesPlay a critical role managing, redesigning and improving current TM1 based planning modelAssist in the creation of a culture of continuous improvement, eliminate non-value added activities and deliver business impact / resultsSupport other process improvement and cross functional initiatives as needed. Other likely partners include investment controllership, derivatives accounting, tax, corporate FP&A, portfolio / asset management and finance systems.What you bring
Bachelor’s degree in Finance, Accounting or related field2-5 years of Finance, Accounting or investment analysis experienceAbility to design and implement solutions while successfully managing change with process ownersAbility to identify opportunities and work across business / functional areas efficiently and effectivelyAccelerated analytical and problem solving skillsExcellent communication and presentation skillsAbility to influence, gain consensus, foster support and work collaboratively within a teamSolid networking and relationship building skillsAbility to identify best practices and apply to FP&A processesAbility to manage multiple and changing prioritiesAccelerated PC Skills including MS Office tools : Excel, Word, & PowerPointNice to have
GAAP / STAT accounting and reporting experience or knowledgeKnowledge of basic investment concepts, markets, & productsChart of Accounts knowledgeExperience with Oracle Financials, Cognos TM1 & Oracle DiscovererEmployee 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 IncentivesComprehensive Healthcare CoverageMultiple 401(k) Savings Plan OptionsAuto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)Generous Paid Time Off – Including 12 Paid Holidays, Volunteer Time Off and Paid Family LeaveDisability, Life, and Long Term Care InsuranceTuition Reimbursement, Student Loan Repayment and Training & Certification SupportWellness support including gym membership reimbursement and Employee Assistance Program resources (work / life support, financial & legal management)Caregiver and Mental Health Support ServicesADDITIONAL
At this time, Genworth will not sponsor a new applicant for employment authorization for this position.No agencies pleaseFor the State of New York :
The base salary pay range for this role starts at a minimum rate of $88,100 up to the maximum of $145,500. In addition to your base salary, you will also be eligible to participate in an incentive plan. The incentive plan is based on performance and the target earning opportunity is 7% of your base compensation. The final determination on base pay for this position will be based on multiple factors at the time of this job posting including but not limited to geographic location, experience, and qualifications to ensure pay equity within the organization.