POSITION Expense Manager
LOCATION Richmond, VA
POSITION SUMMARY The Expense Manager role will be primarily responsible for consolidated expense reporting, and coordination of internal processes and activities of the US Life Insurance (USLI) expense team. As the primary point of contact for consolidated reporting, the individual will have the opportunity to develop a broad understanding of all functional areas and to build strong expense management partnerships with senior leaders. In this capacity the manager will be able to develop close working relationships with Financial Planning & Analysis (FP&A) and Finance Systems and lead the collaborative efforts of the cross-functional team towards successful and timely completion of the deliverables.
RESPONSIBILITIES - Provide consolidated reporting to senior leadership to assist in business management and decision making
- Understand the value proposition of individual business functions tivities performed for the business, level of service delivered to stakeholders and alignment to business strategy and goals
- Deliver regular monthly analysis of segment-wide performance to budgets, allowances and key expense management metrics
- Own the monthly expense driver based forecasting process
- Deliver consolidated reporting during planning and forecasting cycles
- Gather meaningful input into consolidated close, driver-based forecast, reforecasting, budgeting and time study analysis from functional expense analysts
- Proactively maintain the expense management model to correctly reflect all cost categories. Implement cost center hierarchy and expense type changes as necessary.
- Coordinate processes and activities of the USLI expense team
- Lead multi-year planning, budgeting / time study and re-forecasting processes for all of USLI (e.g., project planning, systems set-up, data / assumptions gathering and verification, communications, progress tacking, accuracy monitoring, consolidated reporting and analysis)
- Drive process improvement projects and/or technology changes for simplification of planning and reporting processes
- Maintain cost center hierarchies to ensure proper alignment of functional activities
- Maintain purchase requisition gatekeeping/approval hierarchies and flow for USLI
- Perform other responsibilities, as needed
REQUIRED QUALIFICATIONS - Bacheloregree in Finance, Accounting or related field with 5-8 years of experience
- Excellent analytical and problem-solving skills
- Project and/or team management experience
- Attention to detail with ability and desire to understand the big picture
- Effective communication skills with the ability to develop and deliver clear, crisp, audience-focused messages and presentations
- Passion for building working relationships and partnering with colleagues and senior leaders
- Ability to self-lead and take initiative
- Strong sense of accountability for results
- Ability to work effectively in a high-paced environment and manage multiple, changing priorities.
PREFERRED QUALIFICATIONS - Budgeting and expense management experience
- Proficiency with Excel and PowerPoint
- Oracle Financials Experience (TM1 and Discoverer)
ADDITIONAL - The internal title for this position is Expense Manager
COMPANY 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.
The mission of GenworthS 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.
