Financial Planning Analyst

$145,500 - $145,500/Yr

Genworth - Richmond, VA

Full-time - Entry Level

Richmond, VA

251-500 employees

Insurance Carriers and Related Activities

About the position

The Financial Planning Analyst at Genworth plays a crucial role in preparing and maintaining monthly and quarterly analyses of investment results. This position involves developing variance analyses, reconciliations, and supporting financial reporting and planning processes through various tasks and special projects. The analyst will communicate investment results to key stakeholders and contribute to a culture of continuous improvement within the organization.

Responsibilities

• Develop variance analysis reporting and reconciliation of actual results to prior estimates and provide explanations.
• Communicate investment results to portfolio management, corporate and US Life business line leaders.
• Evaluate book values, book yields, earned investment income, and cash flows.
• Create investment-related projections for short range, multi-year, and operating plan forecasting processes.
• Effectively communicate and explain projections to investment management and business line leaders.
• Manage the monthly cash flow forecasting process by evaluating and explaining variances and partnering with forecast owners to improve accuracy.
• Support the monthly forecasting and annual planning of investment realized gains/losses.
• Play a critical role managing, redesigning, and improving current TM1 based planning model.
• Assist in the creation of a culture of continuous improvement, eliminate non-value added activities and deliver business impact/results.
• Support other process improvement and cross-functional initiatives as needed.

Requirements

• Bachelor's degree in Finance, Accounting or related field.
• 2-5 years of Finance, Accounting or investment analysis experience.
• Ability to design and implement solutions while successfully managing change with process owners.
• Ability to identify opportunities and work across business/functional areas efficiently and effectively.
• Accelerated analytical and problem solving skills.
• Excellent communication and presentation skills.
• Ability to influence, gain consensus, foster support and work collaboratively within a team.
• Solid networking and relationship building skills.
• Ability to identify best practices and apply to FP&A processes.
• Ability to manage multiple and changing priorities.
• Accelerated PC Skills including MS Office tools: Excel, Word, & PowerPoint.

Nice-to-haves

• GAAP/STAT accounting and reporting experience or knowledge.
• Knowledge of basic investment concepts, markets, & products.
• Chart of Accounts knowledge.
• Experience with Oracle Financials, Cognos TM1 & Oracle Discoverer.

Benefits

• 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