Associate Accountant

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, Fixed Income Accounting

LOCATION

Richmond, VA

This position is available to Virginia residents as Richmond, Virginia in-office applicants

*A Hybrid schedule of both Remote and In-Office days is required. In office days are Tuesday, Wednesday and Thursday with working hours targeting our core business hours of 9am-5pm EST.

YOUR ROLE

As an Investments team member, you’ll play a key role in the innovative investment strategies that enable our company and our financial products to serve our customers and their families when they need us most – now and in the future.

Investment Accounting is a shared service organization that prepares all US GAAP and U.S. Statutory accounting and reporting for Genworth’s global investment portfolio. We partner with the Finance Teams across all product lines as well as participate in assisting in the development and execution of Investment strategies.

As a member of the Fixed Income Accounting team, you will hold the primarily responsibility for the preparation and review of accounting processes to ensure that the company appropriately records accounting entries and reports accounting results in accordance with US GAAP and US Statutory regulations. Responsibilities will include review of system outputs from the accounting platform, review of account reconciliations, and execution of defined accounting processes.

What you will be doing

• Evaluate system outputs to ensure appropriate accounting treatment for all Fixed Income assets across multiple accounting basis
• Research and review of accounting guidance to assess existing processes – identifying potential efficiencies and/or gaps in current business processes
• Handle preparation of assigned accounting tasks (e.g., Monthly reconciliations, journal entries, income and asset allocation, pricing analytics) and perform all applicable SOX Controls for owned processes
• Collaborate cross-functionally to create efficiencies, eliminate non-value added activities and deliver superior business results
• Support the preparation of internal and external U.S. GAAP and Statutory reporting
• Thorough review and assessment of current workflows and identification of opportunities for improvement
• Handle other duties as assigned

What you bring

• Bachelor’s degree in Accounting, Finance or other business-related discipline
• 1-3 years of GAAP/Stat Accounting Experience
• Collaborative mindset to work across the team to ensure successful execution of deliverables
• Strong communication skills with ability to successfully navigate conflicts
• Ability to prioritize assignments and multi-task to meet critical business timelines
• Skills including MS Office tools (Excel, Word, PowerPoint)

Nice to have

• Prior experience with account reconciliations, exception management and resolution
• CPA or other certification(s)
• Skills including Oracle General Ledger and TM1

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.

National Range: $55,800 – $81,000

Disclaimer: This role is aligned to a national market-based pay range. Actual compensation will vary based on geographic location, experience, skills, and other job-related factors. In addition to base salary, this role is eligible to participate in a bonus incentive plan. Incentive compensation is based on individual and company performance and is not guaranteed.