Genworth
    (15 reviews)
    Unclaimed

    Company Profile

    Company overview

    Website

    Industry

    Insurance

    Primary location

    Level 26, 101 Miller Street, North Sydney NSW 2060
    Genworth is a leading provider of Lenders Mortgage Insurance in Australia. Lenders Mortgage Insurance has been an important part of the Australian residential mortgage lending market since it was introduced by the Australian Government in 1965.Lenders Mortgage Insurance facilitates residential mortgage lending by transferring risk from lenders to Lenders Mortgage Insurance providers, predominantly for high loan-to-value ratio residential mortgages. Genworth Australia believes the provision of Lenders Mortgage Insurance to lenders has contributed to comparatively high levels of Australian home ownership and residential mortgage loan accessibility, supporting the housing market in Australia.Genworth Australia has commercial relationships with over 100 lenders across Australia, including three of the four major banks. Many of these relationships have spanned decades.When you choose Genworth, you choose a team that is focused on delivering the highest levels of personalised service, whose keen ability to understand your market, drives our willingness to take a commercial approach to delivering a solution that suits your needs. Our success is founded on our total commitment to understanding our customers' business needs. We have developed a culture that enhances and looks at ways to turn them into solutions that create value.Source: This is an extract from the company's own website.

    Reviews overview

    3.215 ratings in total
    5
    5
    4
    3
    3
    1
    2
    2
    1
    4
    100%
    Rate salary as high or average
    47%
    Employees recommend this employer to friends

    What’s it like working at Genworth?

    AI summary of recent reviews
    Employees at Genworth value the good work/life balance and flexibility offered, as well as the great people and positive, supportive culture. The company is praised for actively promoting diversity and inclusion, and for welcoming ideas from all levels. However, some potential challenges exist, including limited opportunities for career growth due to the company's small size. There are also some concerns around management quality and whether leadership is effectively guiding change. Additionally, a few reviews mention challenges facing the business itself, such as being in decline or having system limitations.

    Recent reviews

    2.0
    IT Department
    Aug 2021
    7 to 8 years in the role, former employee
    Not recommended anymore
    The good thingsGood work life balance
    The challengesBusiness on decline No room to grow Toxic management
    4.0
    Review Officer
    Jun 2020
    12 years as Senior Underwriter was a great experience and made lots of contacts and built relationships with Commonwealth Bank as the major customer
    The good thingsWork life Balance, Working with customers and obtaining good outcomes and positive decisions
    The challengesSystem limitations, under resourcing at times.
    1.0
    Support Manager
    Sep 2019
    If your ambitious then this place is not the place to grow
    The good thingsWorking from home works well for both the company and employees
    The challengesInstitutional and superficial, poor leadership not leading by example and too self interested
    Ratings for Genworth are shared as-is from employees in line with our community guidelines
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