Accountant, Alternative Investments Accounting

Genworth • Richmond, VA

10d • Hybrid

About The Position

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. 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. You will be responsible 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 management and review of system outputs from the accounting platform, review of account reconciliations, accounting research, analysis, and execution of defined accounting processes. 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.

Requirements

• BS or BA degree Accounting, Finance or other business-related discipline
• 2 to 5 years of relevant experience
• Strong oral and written communication skills
• Ability to manage multiple and changing priorities to meet critical business deadlines
• Strong attention to detail
• Ability to build and maintain strong working relationships across cross-functional groups
• Strong critical thinking skills
• Ability to research technical accounting literature and form decisive conclusions
• Skills including MS Office tools (Excel, Word, PowerPoint)

Nice To Haves

• Experience with Oracle Financials, TM1, Black Rock & PAM

Responsibilities

• Evaluate system outputs to ensure appropriate accounting treatment for our alternative assets portfolio 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., reconciliations, review transactions, loan pricing analysis and controls, real estate owned accounting, journal entries, etc.)
• 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
• 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

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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 251-500 employees