At Genworth, our employees have diverse talents and a focused commitment to our purpose, enabling us to make possible the dreams of homeownership for millions of Australians. With local knowledge supported by global expertise, our employees have a unique ability to understand what’s important to meet our customers’ needs. Combined with their passion to make a difference, our employees inspire us to get involved with the communities in which we live and work in - from volunteering with local children’s programs to finding ways to improve the environment. That’s why we work hard to support our employees, fostering a motivating, challenging and dynamic environment that promotes having a little fun every day. Our employees make a difference in people’s lives, so we want to make a difference in theirs.
Genworth’s commitment to community has a strong history. Our focus is on quality programs that have meaningful local impact, volunteer and giving opportunities that increase employee engagement and partnering with mission-driven organisations to enhance their ability to help the clients and communities they serve.
Genworth recognises and values the contribution that people with different backgrounds, experiences and perspectives bring to our organisation. We believe diversity is a strength for effective teams and drives value for our shareholders, customers and employees.
Genworth’s commitment to diversity is reflected in our employment practices including recruitment, training and development, remuneration, talent identification and development, succession planning and supporting flexible work arrangements. In 2015, Genworth was recognised by the Workplace Gender Equality Agency (WGEA) as an Employer of Choice for Gender Equality. This award is a proud achievement for the Company and an external validation of the actions we have taken in the area of gender equality.
Genworth is a leading provider of Lenders Mortgage Insurance (LMI) 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.
LMI facilitates residential mortgage lending by transferring risk from lenders to LMI providers, predominantly for high loan-to-value ratio residential mortgages. Genworth believes the provision of LMI to lenders has contributed to comparatively high levels of Australian homeownership and residential mortgage loan accessibility, supporting the housing market in Australia.
Genworth has commercial relationships with over 100 lenders across Australia, including three of the four major banks. Many of these relationships have spanned decades. – less