VP, Capital Management

Genworth Financial is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, and has operations in 24 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. Genworth has strength and stability, with $104 billion in assets, more than $10 billion in revenues, and $1 billion in earnings (as of December 31, 2004). For more information, visit http://www.genworth.com.Major Accountabilities
Provide vision for capital management and drive strategy for efficient capital utilization and improved return on equity.
Provide leadership to HQ team to execute on vision.- Develop tools and analysis necessary for ensuring sound capital plan.
Propose strategy for optimal business mix and growth rates to optimize dividend capability and long-term return on equity.
Work with businesses to formulate exit recommendations for products/businesses due to sub-optimal performance.
Develop and execute capital management projects.
Identify marketplace/industry/regulatory trends with capital management implications, and develop strategies to proactively address.-------------------------------------------
Basic Candidate Qualifications:
10+ years experience in Capital/Product Management with at least 5 years being in the insurance industry
Bachelors Degree in Finance or Actuarial science
Prior experience leading a teamPreferred Candidate Qualifications:
Very strong communication skills
Decisive and independent thinker
Demonstrated leadership in executing complex projects involving cross-functional teams
Deep understanding of product line profitability, drivers and ROE. Major product lines include Term Life, UL, Fixed Annuities, Variable Annuities, GICs, LTC, Fee-Based Products, Group Life and Health Products and Mortgage Insurance.
Significant knowledge of regulatory/rating agency capital markets
Understanding of GAAP/STAT accounting models
Significant prior experience in senior product management, financial planning or similar technical roles
Outstanding analytical skills
Demonstrated effective influencing and team building skills with ability to drive results and gain commitment at all levels of the organization
High level of integrity
Self starter with excellent project and people management skills.
Ability to adapt to a rapidly changing environment
Experience in working in a matrix environment
REQUIREMENTS
Please refer to the Job Description for the qualifications.