Genworth Financial

  www.genworth.com
  www.genworth.com
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Genworth Financial Reviews

Updated September 16, 2014
Updated September 16, 2014
221 Reviews
3.2
221 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Genworth Financial President & CEO Thomas J. McInerney
Thomas J. McInerney
46 Ratings

Review Highlights

Pros
  • good work life balance, good compensation (in 13 reviews)

  • Fairly good benefits although worse in the last several years (in 13 reviews)


Cons
  • There is no work-life balance - a throwback from the GE mantra (in 10 reviews)

  • It may be difficult to move new ideas through upper management (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great people, tough business climate

    • 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 for more than 10 years

    Pros

    Everyone has great intentions. Good salaries, lots of benefits and focus on employee wellness. New CEO seems to be making a huge difference.

    Cons

    Bureaucracy. Declining business.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Cared about employee's quality of work-life

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Genworth Financial

    Pros

    Fortunate to have 2 great managers to work for. Most employees loved working here so much that most new-hires were by internal referrals. Focused on keeping employees happy and healthy.

    Cons

    Upper management decisions on weathering economic downturn resulted in layoff-rehire-layoff strategy. Not a good work environment.

    Advice to ManagementAdvice

    Handle employee status with more stability.

  3. 1 person found this helpful  

    Recovering from a bad period, Genworth is making huge steps to improve the company and working environment.

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

    I have been working at Genworth Financial as an intern for more than a year

    Pros

    Fairly flexible, nice people, most employees have worked there for 5+ years, bankers hours, strong CEO, GREAT career development, room to move up and around, ethical, growing stronger, great company culture, company invests in the well being of their employees.

    Cons

    Lower level managers are very week, are not involved with the employees, do not invest in training. Huge quality gap between higher and lower management

    Advice to ManagementAdvice

    Get involved with your employees, train lower level managers to be approachable and involved with their employees (or fire them- despite 20+ years of working for you)

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    New CEO may change the culture of the company to a flat org

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

    I have been working at Genworth Financial full-time for more than 5 years

    Pros

    New CEO Tom is very dynamic and I believe he can influence to change the culture of Managing up

    Cons

    You get promoted by "who knows who " in IT

    Advice to ManagementAdvice

    Don not give a free hand to Managers..have a check so that employees being harassed have a voice

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    Great IT Internship

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

    I worked at Genworth Financial as an intern for less than a year

    Pros

    Everyone tries to help you succeed
    Very open culture
    Spoils the interns
    Respects the interns

    Cons

    Some of the technologies being used is a little old, but that's not really an issue since most things are becoming more upgraded.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Good people, terrible management

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

    I have been working at Genworth Financial full-time for more than 10 years

    Pros

    Very good exam support for Actuarial students, on paper, and generous exam raises. Friendly, competent employees at the non-manager level. Generally a polite, respectful culture.

    Cons

    Management is in continual turmoil. In the last three years, two CEOs (and an interim), two division CEOs for insurance (and the position is currently vacant), and it gets worse further down.

    Two decades of mismanagement and aggressive book-keeping means that every quarter is a scramble.

    Advice to ManagementAdvice

    Recognize the giant holes in the balance sheet and deal with them.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    Fighting back to pre recession strength

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

    I worked at Genworth Financial full-time

    Pros

    Good Pay and Benefits with a very structured document management

    Cons

    You can get caught up management fights

    Advice to ManagementAdvice

    It took many years to get in the current situation and turning around is not immediate

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    Good Internship

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

    I worked at Genworth Financial

    Pros

    Many activities for interns if you take the advantage. Also, there are IT, Actuarial and Finance interns so you will meet a lot of people and will have a fun summer.

    Cons

    The work depends on the area you are assigned to. You might end up having a lot of work while other people might be doing nothing for half the day and you will both be paid the same. The program doesn't recognize people who work hard and those who don't so it just depends how lucky you get with project assignments.

    Advice to ManagementAdvice

    If the company is going through layoffs, why pay interns for the summer to do nothing for half the day. If you are going to have interns, make sure they have things to work on.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Derivatives at Genworth

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

    I have been working at Genworth Financial as a contractor for less than a year

    Pros

    Good working enviornment at the Richmond campus.

    Cons

    Unsure direction of the overall corporation

    Advice to ManagementAdvice

    Management should do a better job to embrace contract employees.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Manager

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

    I worked at Genworth Financial full-time for more than 5 years

    Pros

    Nice campus with an on-site cafeteria.

    Cons

    There is a toxic corporate culture and although minorities are hired, they are not welcomed and therefore not retained.

    Advice to ManagementAdvice

    Clean house and bring in consultants to help change the culture. Middle and upper management do not even speak to the front-line staff.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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