Genworth Financial Senior Finance Leader in Richmond, Virginia
Senior Finance Leader
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.
This position leads a team of associates and actively serves as an internal consultant with various functions and businesses on accounting matters to help support key transactions and initiatives through partnership with leaders at various levels across the company. Additionally, this position will be responsible for various complex controllership activities and monitoring, selectively influencing and ultimately implementing emerging and new US GAAP and statutory accounting guidance.
Serve as an internal expert, consultant and resource on complex accounting topics for unique, new, or non-standard transactions; provide accounting (US GAAP, US statutory & IFRS) support for Genworth’s functions and businesses
Approve, review and document accounting conclusions for new, significant and unusual transactions
Approve and report policy and methodology changes; oversee all accounting policies
Monitor emerging accounting guidance (US GAAP, IFRS, and/or U.S. STAT) and communicate potential changes or implications to various stakeholders; selectively influence new accounting and capital rules
Interact with business and function leaders on matters affecting accounting, financial reporting and controllership; research and resolve technical accounting and financial reporting issues presented by business and function leaders
Lead the assessment and implementation of new technical accounting and financial reporting standards
Lead annual reviews of complex accounting areas (e.g., embedded derivatives, variable interest entities, goodwill impairment)
Communicate with all levels within the organization on technical accounting matters; provide selective, periodic accounting education and training
Perform or assist in several key quarterly procedures to support financial reporting of significant and unusual transactions as well as the impacts on reported results
Review key financial statements and reporting (e.g., Form 10-K, Form 10-Qs)
BS/BA degree in Accounting
15 years of total experience consisting of 5-10+ years public accounting and 5+ years within the insurance industry
Strong demonstrated US GAAP and statutory technical accounting and financial reporting skills specific to insurance companies
Ability to read, analyze, interpret and document complex accounting literature to support technical accounting conclusions
Excellent verbal and written communication skills with the ability to communicate with all levels of management
Master’s degree (e.g., MBA or M.S. in Accounting)
Experience with implementation of new accounting standards
Experience with International Financial Reporting Standards (IFRS)
Genworth Financial, Inc. is a leading insurance holding company committed to helping families achieve the dream of home ownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871.