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
Finance Analyst - Budget Development/Expense Management
POSITION LOCATION
Richmond, VA (hybrid work schedule) or
Lynchburg, VA (hybrid work schedule)
YOUR ROLE
You 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, you will have the opportunity to develop deep understanding of the assigned functional areas and to build strong expense management partnerships with peers and senior leaders.
What you will be doing
- 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
- Coordinate annual Budget and Time Study completion efforts for assigned functions – from ensuring proper system setup, data entry training, and assistance in budgeting process, to validating budget and time study results and delivering relevant analysis and reporting
- Work with the business to submit and approve Purchase Requests, ensuring correct accounting and spend request information
- 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 constraints
- Deliver consolidated expense analysis and forecasting to functional leaders and finance including identification of trends, gaps, and opportunity areas within the business along with recommendations for possible course corrections
- Identify key expense drivers and develop performance metrics & allocation / charge-out logic for individual functions, as appropriate
- Utilize benchmarking / research / analysis to identify expense efficiency and best practice opportunities
- Complete ad hoc analysis & reporting requests, such as Cost-Benefit Analysis, Vendor Cost Savings, etc.
- Responsible for the monthly expense allocations process – allocation drivers upload, pre-run validations / issue resolution, post-allocations correcting journal entries.
- Support the expense team through specific assignments related to close, expense forecasting, multi-year planning, budgeting, time studies, expense allocations and/or other routine or ad hoc activities
- Participate in projects related to expense/finance process improvements and/or technology changes
What you bring
- Bachelor’s degree in Finance, Accounting or related field
- 2+ years of relevant experience
- General understanding of General Ledger Accounting
- High degree of proficiency in Excel
- 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 work effectively in a high-paced environment and manage multiple, changing priorities, and meet deadlines
- 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
- Demonstrated ability to indirectly lead & persuade
Nice to have
- Budgeting and Expense Management experience; budget experience with Operations
- Accounting experience
- Proficiency in PowerPoint
- Oracle Financials Experience (TM1, Orbit or similar)
- Spotfire 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.
