Voya Financial, Inc

Lead Reinsurance Financial Analyst

Voya Financial, Inc$110K — $128K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • BA degree in Finance/Accounting
  • 5+ years of reinsurance finance experience with a focus on life insurance
  • Familiarity with admin systems and financial reporting
  • Good understanding of accounting principles and reinsurance operations
  • Experience working collaboratively across teams and leadership

Responsibilities

  • Administer reinsurance agreements and prepare settlements and reports
  • Identify and implement process improvements within workstreams
  • Analyze existing processes for automation opportunities
  • Maintain data integrity of reinsurance administration systems
  • Review and validate settlements for completeness and accuracy
  • Contribute to financial close cycles with journal entries and operating statement analysis
  • Communicate effectively with reinsurers to ensure report quality

Benefits

  • Health, dental, vision, and life insurance plans
  • 401(k) Savings plan with up to 6% company matching
  • Employer-paid retirement plan (4%)
  • Tuition reimbursement up to $5,250/year
  • 20 days paid time off plus holidays and a flexible Diversity Celebration Day
  • 40 hours of paid volunteer time per year
Full Job Description
Position Summary:

Voya is seeking a Lead Financial Analyst to join Voya's Reinsurance team. The position is responsible for administering reinsurance treaties and reinsurance reporting. We are looking for an individual with a passion for process improvements and automation.

This role is primarily work-from-home but will be occasionally expected to work out of the Minneapolis office.

Position Description:
  • Administer reinsurance agreements including preparing and compiling reinsurance settlements and reports.
  • Identify and lead the implementation of improvements within workstream processes.
  • Analyze and create automation opportunities within the existing reinsurance processes.
  • Maintaining integrity of reinsurance admin system and data.
  • Review and validate reinsurance settlements reports received from reinsurers for completeness and accuracy per agreements.
  • Contribute to financial close cycles, including recording journal entries, issuing wires, reviewing, and analyzing operating statements, and providing flux analysis.
  • Undertake ad-hoc tasks, projects and analysis upon request under limited supervision.
  • Work on various responsibilities associated with reinsurance and reporting and interact with various business partners.
  • Interact, communicate, and maintain liaison with reinsurers and third-party administrators to ensure the quality, accuracy and completeness of reports received.
  • Deliver succinct and clear summarizations of analysis tailored to the needs of different customers.
  • Participate in internal and external audit testing.
  • Ensure reinsurance processes and reporting activities are in compliance with audit standards, including sufficient controls and efficient reinsurance processes established/maintained.
  • Share technical expertise and guide junior team members.
  • Support other team members, including reviewing offshore work.
  • Able to manage multiple, often competing priorities under tight deadlines.
  • Able to work with large and complex excel files and scale the data into meaningful analysis
  • Other duties as assigned


Minimum Knowledge & Experience:
  • BA degree in Finance/Accounting
  • Minimum 5 years of reinsurance finance experience with a life insurance focus
  • Experience working with admin systems, ledger data and familiar with operating statements
  • Good understanding of accounting principles, reinsurance operations and financial reporting
  • Work with various organizational teams and leadership


Preferred Knowledge & Experience:
  • Strong analytical, attention to detail, self-motivated, self-starter; able to work independently with minimal supervision
  • Able to balance quantitative and qualitative analysis
  • Excellent oral and written communications
  • GAAP and Statutory reporting knowledge is preferred
  • Familiarity with Oracle financial systems is preferred
  • Advanced proficiency in MS Excel and data visualization tools (e.g., Tableau, Power BI)

#LI-SS1

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.

$110,000 - $128,000

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:
  • Critical Thinking:
  • Team Mentality:
  • Business Acumen:
  • Learning Agility:


Learn more aboutCritical Skills

About Voya Financial, Inc

Voya Financial, Inc. is an American financial, retirement, investment, and insurance company based in New York City. The company was formed in 1991 as ING U.S., Inc. and was renamed Voya Financial in 2014. Voya Financial operates in the United States and has more than 6,000 employees. The company provides retirement, investment, and insurance solutions to individuals and businesses.
Learn more about Voya Financial, Inc
Size
6,000 employees
Market Cap
$5.8 billion
Industry
Net Income
-$206 million
Founded
1991
5 Year Trend
-13.7%
Revenue
$7.7 billion
NASDAQ

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