Genworth Financial Reviews

Updated 21 October 2014
Updated 21 October 2014
226 Reviews
3.3
226 Reviews
Rating Trends

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

Review Highlights

Pros
  • Genworth takes seriously the work life balance and community involvement (in 17 reviews)

  • Great benefits, generally good people to work with (in 15 reviews)


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

  • Upper management decisions on weathering economic downturn resulted in layoff-rehire-layoff strategy (in 8 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Genworth Financial

    Pros

    Good work and life balance. People are diversified and generally very nice. Study support is very good too.

    Cons

    It is ver political at the senior level. If you are in the wrong crowed, you could be out of the door very soon.

  2.  

    Poor

    • 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 (more than 3 years)

    Pros

    People are the greatest asset

    Cons

    Pay is poor in comparison to other companies

    Advice to ManagementAdvice

    Reduce politics

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Good medium sized multinational to work in, aside from the business model

    Former Employee - Anonymous Employee in London, England
    Former Employee - Anonymous Employee in London, England

    I worked at Genworth Financial full-time (more than an year)

    Pros

    People, good access to senior execs, innovative

    Cons

    Strong headwinds due to mortgage risk exposure and personal credit exposure

    Recommends
    Negative Outlook
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  5.  

    A good launching pad

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

    I worked at Genworth Financial full-time (more than an year)

    Pros

    Training and development was the best I've ever seen. They offer courses on a variety of subjects that help develop your career path within the company.

    Cons

    Salaries tend to be below market and inconsistent. Top heavy. Too many managers and not enough people to do the work. Management constantly changing course and restructuring. Regular employees end up working 12+ hours per day trying to keep up with changes while worried about job security.

    Advice to ManagementAdvice

    There are too many of you.

    Recommends
    No opinion of CEO
  6.  

    Great People but high turnover

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Actuarial Analyst in London, England
    Former Employee - Actuarial Analyst in London, England

    I worked at Genworth Financial full-time (more than an year)

    Pros

    Great friendly people. Very smart.

    Cons

    Cavalier attitude about sales and customer service

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Amazing Place To Work!

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

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

    Pros

    This is a fun place to work. Outstanding community service opportunities. Good camaraderie. Strong leadership team. Products actually help people. Initiative is rewarded.

    Cons

    Business lines and HQ could work together more effectively. Communications within business units do not always make their way to HQ and we should think of Genworth as one team - we are not that big. Current performance management system drives competition between employees - an old school approach.

    Advice to ManagementAdvice

    Communicate what you can when you can. CEO is outstanding but if there was one development opportunity the CEO needs to be in front of the employees more frequently. Suggest monthly town halls. Continue renewed focus on diversity.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    easy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Casual Office Monkey in Sydney (Australia)
    Former Employee - Casual Office Monkey in Sydney (Australia)

    I worked at Genworth Financial part-time (less than an year)

    Pros

    no pressure, easy work environment, not complicated. My role was very basic. he best part was i wasnt forced into working undue hours like some other similar companies

    Cons

    culture was a bit childish. Lots of weird schools style assemblies, awards ceremonies and bad motivational speeches. If you like fake high school spirit then you would like this place.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Great place to work...opportunities to grow and advance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Solutions Project Manager in Richmond, VA (US)
    Former Employee - IT Solutions Project Manager in Richmond, VA (US)

    I worked at Genworth Financial full-time (more than 8 years)

    Pros

    Great pay and benefits
    Work-life balance
    Opportunities to serve the community
    Leadership development opportunities

    Cons

    HQ vs. BU leadership tension often clouds strategic direction and prioritization

    Recommends
    Approves of CEO
  10.  

    Challenging environment with a very strong focus on the financials

    • 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 (more than 10 years)

    Pros

    Bright people
    Challenging leadership - bright and analytical

    Cons

    The US locations are not necessarily hotspots

    Advice to ManagementAdvice

    Grow grow grow

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Intern

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

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

    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.

    Recommends
    Positive Outlook
    Approves of CEO

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