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
Associate Accountant
POSITION LOCATION
Richmond VA
Lynchburg VA
YOUR ROLE
The position leads daily and monthly balancing and reconciliation process and reporting for US Life Insurance, supports monthly close processes and performs accounting processes for the Controllership team.
What you will be doing
- Prepare quarterly account reconciliations
- Complete monthly close activities, including journal entries, analysis, balancing, and reconciliations
- Monitor and review balance sheet accounts on a weekly, monthly, and quarterly basis
- Research accounting discrepancies and provide guidance on administrative system processes and the general ledger
- Support and monitor robotic process automation (RPA) bots and assist with automation coding
- Lead process improvement initiatives by coordinating teams, gathering requirements, identifying solutions, resolving issues, and implementing process changes
- Participate in special projects and broader process improvement efforts
- Support KPMG and GCAS audit requests
- Serve as a surge resource as needed
What you bring
- Bachelor’s degree in Accounting or Finance or equivalent accounting experience
- Experience supporting process improvement from a functional perspective
- Strong analytical and critical thinking skills
- Excellent written and verbal communication skills
- Ability to manage multiple and changing priorities
- Advanced Excel and Oracle Financials reporting skills
- Self-motivated professional who works collaboratively with others
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.
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.
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?
About Genworth Financial
Genworth is a financial services company that provides insurance and investment products, primarily focusing on long-term care insurance, mortgage insurance, and life insurance.
