Genworth Financial Reviews

Updated April 22, 2015
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4.0
77 Reviews
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Genworth Financial President & CEO Thomas J. McInerney
Thomas J. McInerney
25 Ratings

77 Employee Reviews

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  1. IT Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Genworth Financial as an intern

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Lots of opportunity for growth and learning. People were interested for my professional growth. Upper management was extremely nice for me.

    Cons

    Sometimes the work seemed tedious. While the project I worked on was really cool, I feel like sometimes I was doing something separate from the team.

  2. Helpful (1)

    Team Lead

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Genworth Financial

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Enjoyed working there. Great people. Some opportunity for advancement. very low turnover. Put emphasis on employee training and development.

    Cons

    While there are some opportunities for advancement, the opportunities are limited. It is like everywhere else...the company wants to do more with less.

    Advice to Management

    Continue to invest in your employees and remind them that they are appreciated. Promote from within more so than looking externally.

  3. An Adventure Worth Your While

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Richmond, VA
    Current Employee - Anonymous Employee in Richmond, VA

    I have been working at Genworth Financial full-time (More than 8 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    I have had some incredibly rewarding experiences during my 8 years here at Genworth. I have met and worked with some of the most talented people over the years, and some of which I consider life-long friends. Genworth is a great place to learn, grow, and develop professionally. Although we are currently facing some challenges, Genworth has been a great part of my life. If your passionate and invested in your career, any opportunity can be rewarding despite uncertainty.

    Cons

    Lots of variability and uncertain times but the writing is on the wall.

    Advice to Management

    Genworth is learning from it's past mistakes, let's learn, adapt and not carry them into the future.

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  5. Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Richmond, VA
    Current Employee - Anonymous Employee in Richmond, VA

    I have been working at Genworth Financial

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great team members, you work with some very smart people who push you to try new things
    Lots of ways to get involved in the community and with people outside your specific team
    Focus on wellness

    Cons

    Always changing environment. Need to be adaptable
    Buildings are old and need updates

    Advice to Management

    Push down decisions to lower levels

  6. Helpful (2)

    Great experience but...

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Genworth Financial

    Pros

    I think experiences differ a lot depending on what part of the company you are with. I'm at headquarters in Retirement & Protection. Great people, lots of smart, thoughtful coworkers and managers. Just about everyone here works hard, but there's still a good work/life balance.
    The work is challenging and meaningful and the benefits are top notch. Salaries are very fair. They also strongly encourage and support further education, taking classes, internally and externally. Most teams are strong and effective and senior leadership has worked hard to advance a good culture in the workplace.

    Cons

    The company seems trapped in a very stressful cycle of ups and downs. In the downs there are layoffs, budget cuts, and it's difficult to get resources. On the ups, they over hire and tend to get bottom and middle heavy. There's too many meetings, more micromanagement than there should be, and they have a very hard time breaking away at all from a conservative attitude. The building is getting to be in poor shape as well.
    Probably one of the biggest problems is that it's very hard to break out of your hiring band designation, and for many people there's few opportunities to advance.
    Additionally there's often little role clarity and as a result there's clashes and confusion over ownership of projects.

    Advice to Management

    Spend money more carefully - learn from past mistakes and stay lean. Update titles so it's clear what people's roles are, make an org chart and have it easily available. Help find solutions when employees who are top performers are stuck long term with no advancement opportunities. Senior leadership has improved but still needs to communicate better with staff.

  7. Best company ever

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Raleigh, NC
    Former Employee - Business Analyst in Raleigh, NC

    I worked at Genworth Financial

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    The management staff is outstanding.

    Cons

    It's hard to manage a work life balance

  8. Good Working Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Quality Analyst in Lynchburg, VA
    Current Employee - Quality Analyst in Lynchburg, VA

    I have been working at Genworth Financial full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Flexible Hours, cooperative culture, Work Life Balance.

    Cons

    Salary, need rigorous learning/training plan

  9. Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Intern in Richmond, VA
    Current Intern - Intern in Richmond, VA

    I have been working at Genworth Financial as an intern (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The work culture is great. Everyone in the office is very personable. The perks as an intern are a lot of fun and everyone gets jealous, which is pretty cool. You certainly are given an extensive overview of the Insurance world.

    Cons

    Not 100% busy all of the time. The growth through the company seems to take a few years to progress.

  10. Great place to work, conservative work culture and not cutting edge though

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Human Resources in Richmond, VA
    Current Employee - Human Resources in Richmond, VA

    I have been working at Genworth Financial full-time (More than 8 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Standard pay and benefits
    Team culture
    Volunteer activtities

    Cons

    Takes 5 committees to approve a decision
    Overly Conservative
    Top management takes good care of top management - could place greater time and focus on lower levels

    Advice to Management

    Takes 5 committees to approve a decision
    Overly Conservative
    Top management takes good care of top management - could place greater time and focus on lower levels

  11. Making a come back

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Genworth Financial full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great benefits, if you are willing to learn they provide the opportunities, constantly striving to change for the better and balance business needs with customer needs.

    Cons

    Some favoritism still exists amongst employees and not all managers are on the same page yet about doing what's best for the customer.

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