Genworth Financial Expense Management Analyst - US Life Insurance in Richmond, Virginia

POSITION

Expense Management Analyst – US Life Insurance

LOCATION

Richmond, VA

COMPANY

Genworth is a Fortune 500 financial services company providing financial security and protection through our Mortgage Insurance and US Life Insurance businesses. Our purpose is to help families achieve the dream of homeownership and address the financial challenges of aging. At Genworth, our promise to our employees is the opportunity to make a meaningful difference in the lives of our customers, our communities, and one another.

The mission of Genworth’s US Life business is to develop solutions that meet the financial challenges with the aging, including individual and group long term care insurance, annuities, life insurance and new innovative products over time.

POSITION SUMMARY

The Expense Analyst will be primarily responsible for providing the organization with budget development and expense management support for multiple business functions. As the primary point of contact, the analyst will have the opportunity to develop deep understanding of the assigned functional areas and to build strong expense management partnerships with senior leaders.

RESPONSIBILITIES

  • Provide overall expense planning, analysis and management support to functional leaders

  • Understand the value proposition of individual business functions: activities performed for the business, level of service delivered to stakeholders and alignment to business strategy and goals

  • Identify key expense drivers and develop performance metrics for individual functions

  • Utilize benchmarking information to identify expense efficiency and best practice opportunities

  • Execute tasks required for monthly close including facilitating appropriate expense accruals, re-classes, charge-outs and project capitalization

  • Partner with cost center owners on detailed expense analysis, forecasting, and management to budget and forecast constraints

  • Deliver consolidated expense analysis and forecasting to functional leaders and finance

  • Support finance close, driver-based expense forecasting, multi-year planning and budgeting activities

  • Participate in projects related to expense and finance process improvements and/or technology changes

REQUIRED QUALIFICATIONS

  • Bachelor’s degree in finance, accounting or related field with 2-5 years of experience

  • Excellent analytical, modeling and problem solving skills

  • Attention to detail with the ability and desire to understand the big picture

  • Effective communication skills: ability to develop and deliver clear, crisp, audience-focused messages and presentations

  • Adept in building strong relationships with colleagues and senior leaders

  • The ability to self-lead and take initiative with a strong sense of accountability for results

  • The ability to work effectively in a high-paced environment and manage multiple, changing priorities

PREFERRED QUALIFICATIONS

  • Budgeting and expense management experience

  • Project management experience

  • High proficiency with MS Office (e.g., excel, power point)

  • Oracle financials experience (e.g., TM1 and Discoverer)

Genworth is a Fortune 500 financial services company providing financial security and protection through our Mortgage Insurance and Long Term Care businesses. Our purpose is to help families achieve the dream of homeownership and address the financial challenges of aging. At Genworth, our promise to our employees is the opportunity to make a meaningful difference in the lives of our customers, our communities, and one another.