Accounting Manager, Alternative Investments Accounting

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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.

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• 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. 
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POSITION TITLE

Accounting Manager, Alternative Investments Accounting

POSITION LOCATION

Richmond, VA

YOUR ROLE

You will support the Alternative Assets investment organization in US GAAP and Statutory accounting, reporting, controls, analysis, and automation. You will directly supervise and lead these activities for our Commercial Mortgage Loan portfolio, while supporting the team’s current expected credit losses (CECL), Limited Partnership, and Middle Market Loan activities. You will play an integral lead role in broader investment initiatives and goals, delivering optimization and high-quality results. Your role will be focused on executing, leading, and inspiring transformational enhancements for key stakeholders.Investment Accounting is a shared service organization that prepares all US GAAP and U.S. Statutory accounting and reporting for Genworth’s 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.

What you will be doing

• Supervise and review transaction processing and balance reconciliations.
• Supervise and review the drafting of internal and external reporting including US GAAP, SEC 10-K/Q and Statutory disclosures.
• Manage high quality deliverables and initiatives to timely completion.
• Develop and lead transformation initiatives to make routine activities more efficient, automated, and controlled.
• Lead process and task critical risk assessments, seek optimization value add opportunities, and enhance the control environment and activities with quality driven documentation and through coaching and review of junior team member efforts.
• Develop and document a thorough working knowledge of standards and practices to direct stakeholders as the acknowledged subject matter expert.
• Lead implementation efforts for new accounting and reporting requirements and supporting technology.
• Leverage strong cross functional team relationships to drive towards a shared vision and goals.
• Act as the premier cross functional catalyst for progress, transformation, and results, grounded in a broad understanding of the financial and organizational implications.
• Act as a value-add resource for opportunities, delivering analytical critical thinking, bringing order to unstructured problems, and breaking down complexities into actionable components.
• Proactively anticipate and manage issues and contingency planning.
• Effectively interface with auditors, driving conclusions and supporting routine and new audit requests proactively and efficiently.
• Evaluate system outputs to ensure appropriate accounting treatment for all alternative 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 and perform all applicable SOX Controls for owned processes
• Thorough review and assessment of current workflows and identification of opportunities for improvement
• Handle other duties as assigned ​

What you bring

• Bachelor’s degree Accounting, Finance or other business-related discipline
• At least 5 years accounting or finance 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)

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.