Location: Richmond, VA
Date Posted: 11/16/2023
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.
VP, Government & Industry Relations
Richmond, VA (hybrid work schedule)
As the Vice President, Government and Industry Relations for Genworth, you will Report directly to Genworth’s General Counsel and be accountable for setting and executing the Government and Industry Relations Strategy for Genworth’s U.S. Life insurance businesses and CareScout services and long-term care insurance businesses. This individual will coordinate with Genworth’s businesses to set Genworth’s Government and Industry Relations Strategy, engage in direct state and federal lobbying efforts, lead and manage a team of talented GR professionals, and oversee the activities of any contract lobbyists and Genworth’s PAC. Strong leadership skills are a requirement.
What you will be doing
Regularly interact and develop strong relationships with state insurance commissioners, Governors and Governors’ senior staff, state and federal legislators, industry peers and other stakeholders; coordinate / facilitate interaction between those stakeholders and internal Genworth teams
Be intricately involved in Genworth LTC in-force rate action strategy and execution
Develop and execute government and industry relations strategies for Genworth’s CareScout services and insurance businesses
Engage effectively with internal stakeholders, including senior leaders
Monitor and analyze impact of proposed legislative and regulatory measures; including engaging with internal business resources to determine scope and impact
Serve as a strategic resource for the Company’s business teams so that marketing and development plans for specific products reflect changing state and federal policies
Contribute to policy research and development activities; engage third parties (trade associations, ‘think tanks’, etc.) to find common cause and advocates to advance Genworth’s business priorities
Represent Genworth’s position, strategy and intent to all appropriate Governmental agencies and staff
Integrate business strategy with legislative and industry trends along with the ability to assist the business in formulation of business plans
Be a strong personal advocate and skilled public communicator
As a fully engaged part of a team, develop, execute and report on government relations plans that advance Genworth business strategies
Identify key internal and external stakeholders on relevant issues and formulate relationship, communication, and advocacy strategies
Provide advice and counsel to business teams regarding product filings, in-force filings (and other regulatory submissions), including LTCI rate actions and the existing and proposed laws and regulations governing such filings
Prepare and conduct training and education, formal and informal (including preparation of materials), for policymakers, regulators and other stakeholders
Possess and model the Genworth’s values, exceptional leadership skills and have high levels of competence in the following areas: collaboration, communication, customer focus, leadership and influence and results-orientation
What you bring
Minimum of 10-15 years in a legal or government relations position with particular emphasis on regulatory affairs and policymaking within highly regulated industries
Strong insurance product experience, preferably with a focus on some or all of the following: long-term care insurance, long-term care services, long-term care or medical provider networks
Ability to collaboratively develop strategies with the business, while providing guidance on government relations aspects of those strategies
Demonstrated ability to work with a wide range of stakeholders, including senior executives, regulators, legislators and other elected and appointed public officials
Proven track record of internal and external-facing personal advocacy and relationship building
Excellent political acumen, instinct, and aptitude; robust understanding of the various state and federal legislative processes; proven ability to think critically, develop and implement strategy
Excellent organizational and negotiation skills, strong interpersonal skills, excellent oral and written communicator, and vigorous analytical and decision-making skills
Ability to work effectively in a culturally diverse work group
Proven track record of leading teams in addition to managing effectively in a matrix environment
Ability to effectively organize and present to internal and external stakeholders and in international settings
Ability to travel up to 50% of the time
Juris Doctorate and/or MBA degree
Prior experience with Long Term Care Insurance, and in particular interacting with regulators with respect to LTCI rate actions
Knowledge of Medicare and/or Medicaid
Experience in State government, particularly as an insurance regulator or with a Legislative or Executive branch in a policymaking role
Employee Benefits & Well-Being
Genworth employees make a difference in people’s lives every day. We’re committed to making a difference in our employees’ lives.
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
At this time, Genworth will not sponsor a new applicant for employment authorization for this position.