AVP, Sr Actuary

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:

Manages the day-to-day responsibilities for a major function.  Ensures project completion within established timelines and quality standards.  Provides technical guidance to the team members and mentorship to more junior team members.

Profile Description:

The incumbent has accountability for managing one or more of the following functions (or key aspects of these functions):

• Pricing and Product Design – project revenue, claims, expenses, reserves, investment income, and surplus.  Project taxes, policyholder dividends.  Set assumptions/parameters, quantify risk and analyze under various scenarios.  Test for Generally Accepted Accounting Procedures (GAAP) profitability; test product using cash flow-testing techniques.
• Financial Planning Support – project financials, including claims/reserves/expenses,/earnings.  Perform actuarial analysis supporting the explanation of actuarial/plan earnings variances relating to actuarial matters.  Analyze earnings by source and evaluate plans/earnings.  Determine ROSHE, performs Economic Value Added (EVA) analysis.
• Reserve Liability Valuation/Loss Reserving – calculate state/tax/GAAP reserves/liabilities/assets.  Determine basis: case level/company level/LOB level.  Determine residual dividends.  Determine basis: plan sponsor/external client.
• Risk Analysis/Management – review product design, assumptions, pricing model, financial results, and key risks for new and exisiting products.   Perform internal risk reporting and assist in development of risk appetite recommendations.  Initiate action plans for managing risk metrics within tolerances
• May also work with management information, product development, product management, financial reporting, compliance, general management, expense management, marketing support, and compensation
• Direct projects when assigned

Knowledge & Experience:

• Bachelors’ degree in Mathematics, Actuarial Science, Finance or related business discipline
• 10+ years financial, insurance industry, or actuarial experience
• Fellow of Society of Actuaries
• Highly analytical, strong oral and written communication skills, detail oriented with strong problem-solving skills
• If a management position, 2+ years of managerial experience with an ability to lead a team of highly skilled actuarial professionals
• Ability to focus on “big picture” view while driving into details
• Strong communication skills (written, oral) with all audiences; strong presentation skills including to executive  level
• Ability to plan / coordinate large-scale initiatives and manage competing priorities (including negotiating those priorities with senior management)
• Ability to effectively participate in / lead cross functional and cross business teams to drive change

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.