AVP, Senior Actuary Manager - Supplemental Health Pricing

Together we fight for everyone’s opportunity for a better financial future.

We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future.  We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action.  We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now

Profile Summary

This role is a key participant on the Market Leadership Team for Voya’s Supplemental Health product, supporting the development and execution of the Supplemental Health strategy. Primary pricing leadership responsibilities include leading the pricing team to deliver portfolio management, benefit analysis, manual updates, execution tracking, experience analysis, renewal strategy, financial forecasting, pricing for new product initiatives, reinsurance management, and other duties.

Profile Description

• Pricing and Product Design – Project revenue, claims, expenses, reserves, and commissions. Set assumptions/parameters, quantify risk, and analyze under various scenarios.
• Financial Planning Support – Project financials, including claims, reserves, expenses, and earnings. Perform actuarial analysis to explain variances and evaluate plan performance.
• Reserve Liability Valuation/Loss Reserving – Support valuation team in assessing impacts of market pricing and underwriting decisions on reserves.
• Risk Analysis/Management – Review product design, assumptions, pricing models, financial results, and key risks for new and existing products. Perform internal risk reporting and assist in developing risk appetite recommendations.
• Data and Analytics – Partner with Data & Analytics to define and maintain analytic data and model requirements to support analysis of emerging trends across the value stream.
• Collaborate with management information, underwriting,  product development, product management, financial reporting, compliance, expense management, marketing support, and compensation.
• Direct projects when assigned.

Knowledge & Experience

• Significant experience in the Supplemental Health market with a solid understanding of insurance products.
• Bachelor’s degree in Mathematics, Actuarial Science, Finance, or related discipline.
• 10+ years of financial, insurance industry, or actuarial experience.
• Associate or Fellow of the Society of Actuaries.
• Highly analytical, detail-oriented, with strong problem-solving skills.
• 3+ years of managerial experience leading a team of skilled actuarial professionals.
• Ability to balance “big picture” strategy with detailed execution.
• Strong communication and presentation skills, including to executive audiences.
• Ability to plan and coordinate large-scale initiatives and manage competing priorities.
• Proven ability to lead, drive change, overcome obstacles, and deliver results.

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Compensation Pay Disclosure:

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.

The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting.

Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

$186,270 - $232,840 USD

Be Well. Stay Well.

Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.

What We Offer

• Health, dental, vision and life insurance plans
• 401(k) Savings plan – with generous company matching contributions (up to 6%)
• Voya Retirement Plan – employer paid cash balance retirement plan (4%)
• Tuition reimbursement up to $5,250/year
• Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
• Paid volunteer time — 40 hours per calendar year

Learn more about Voya benefits (download PDF)

Critical Skills

At Voya, we have identified the following critical skills which are key to success in our culture:

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Learn more about Critical Skills

Equal Employment Opportunity

Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.