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Senior Manager, Expense Management

Genworth FinancialGenworth Financial·Insurance and Financial Services

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Posted

30 days

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About the role

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
Senior Expense Manager

POSITION LOCATION
Richmond/Lynchburg, VA (Hybrid)

YOUR ROLE
In this role, you will be responsible for providing budget development and strategic expense management support for the Genworth Insurance Closed Block IT Team. Serving as the principal liaison, you will cultivate in-depth expertise within your assigned functional area and establish robust partnerships with peers and senior leadership to drive effective expense management initiatives.

What you will be doing

  • Support functional leaders with comprehensive expense planning, analysis, and strategic management
  • Understand and align your client’s specific strategy with that of Genworth as a whole
  • Manage monthly close tasks, such as expense accruals, reclassifications, and project capitalization
  • Lead annual budgeting processes, including system setup, training, validation, and reporting
  • Collaborate with cost center owners for detailed expense analysis and forecasting within budgets
  • Identify key expense drivers, highlighting trends and offering strategic recommendations
  • Handle ad hoc reporting requests, including cost-benefit and vendor savings analyses
  • Participate in projects to enhance finance processes and drive technology transformation


What you bring

  • Bachelor’s degree in Finance, Accounting or related field
  • 7+ years of relevant experience
  • General understanding of General Ledger Accounting
  • High degree of proficiency in Microsoft Office or G-suite products (Excel, PowerPoint)
  • Excellent analytical and problem-solving skills
  • Intellectual curiosity and a desire to find answers
  • Attention to detail with ability and desire to understand the big picture
  • Ability to self-lead and take initiative
  • Strong sense of accountability for results
  • Effective communication skills with the ability to develop and deliver clear, crisp, audience-focused messages and presentations
  • Passion for building partnerships with colleagues and senior leaders
  • Efficient in time-management and prioritization of multiple deliverables
  • Demonstrated ability to indirectly lead & persuade


NICE TO HAVE

  • 2+ years of people leadership experience
  • Budgeting and Expense Management experience
  • Oracle Financials Experience (TM1, Orbit or similar)
  • Spotfire, PowerBI, Alteryx, and/or Copilot experience

    

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.

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Aplyr's read

Genworth Financial is a key player in insurance and financial services, with a focus on long-term care and mortgage insurance, attracting specialists in these fields.

Synthesized from recent postings & public sources

What's promising

  • Genworth has a strong focus on long-term care insurance, a growing market due to an aging population.
  • The company offers diverse career opportunities in specialized roles like data science and risk management.
  • Genworth's mortgage insurance products are essential for first-time homebuyers, supporting market stability.

What to watch

  • Genworth faces significant competition from larger, more diversified financial services firms.
  • The company's profitability is sensitive to interest rate fluctuations and economic downturns.
  • Regulatory changes in insurance could impact Genworth's product offerings and profitability.

Why Genworth Financial

  • Genworth is uniquely positioned with a strong emphasis on long-term care insurance.
  • The company has a robust presence in mortgage insurance, critical for housing market dynamics.
  • Genworth's focus on specialized insurance products differentiates it from more generalized insurers.

Aplyr’s read is generated by AI from public sources. Was it useful?

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About Genworth Financial

Genworth Financial

Genworth Financial

View company

Genworth is a financial services company that provides insurance and investment products, primarily focusing on long-term care insurance, mortgage insurance, and life insurance.

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