Voya Financial, Inc

Senior Actuarial Associate

Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, or related field; foreign equivalents accepted.
  • Minimum three years experience as an Actuarial Associate, Assistant, or similar role.
  • Passed at least three actuarial exams.
  • Strong programming skills in Python, SQL, and SAS.
  • Experience with advanced Excel, VBA, Access Database, Oracle Essbase, and actuarial software.

Responsibilities

  • Lead complex actuarial research and conduct audit-level reviews.
  • Design, develop, and manage profitability, reserve, and valuation models.
  • Refine actuarial models and spearhead continuous improvement initiatives.
  • Collaborate with Product and Modeling teams to prepare actuarial memorandums for regulators.
  • Consult on actuarial models and risk issues using insurance knowledge.
  • Represent the actuarial function in cross-functional committees such as risk and finance.
  • Monitor developments in actuarial techniques and regulatory standards.

Benefits

  • Comprehensive health, dental, vision, and life insurance plans.
  • 401(k) with generous matching contributions up to 6%.
  • Employer-funded cash balance retirement plan (4%).
  • Tuition reimbursement up to $5,250 annually.
  • 20 days paid time off plus nine paid holidays and a flexible Diversity Celebration Day.
  • 40 hours of paid volunteer time per year.
Full Job Description
Duties: Lead complex actuarial research, design methodologies, and conduct auditlevel reviews. Design, develop, and own profitability, reserve, and valuation models, procedures and/or similar processes. Develop and refine actuarial models; lead continuous improvement and automation initiatives. Work with Product, Modeling, Assumption teams to prepare and validate the actuarial memorandums and supporting files for regulators. Utilize knowledge of insurance products and actuarial concepts to provide consultation and clarification on actuarial models and risk issues. Serve as actuarial representative in cross functional committees (risk, product, finance). Apply actuarial techniques to analyze, interpret and communicate actuarial research results to senior actuaries, claims and regulators. Monitor and analyze developments in actuarial techniques and regulatory requirements. Perform standard actuarial analysis and experience studies. Extract, compile, and organize large data from systems and databases for analysis. 100% telecommuting position. Will consider applicants resident in the continental U.S. Requirements: Requires a Bachelor's degree or foreign degree equivalent in Actuarial Science, Mathematics or a closely related field, and three (3) years of experience working as an Actuarial Associate, Actuarial Assistant or related position. Must have passed at least 3 Actuarial Exams. Experience must include: Strong programming skills in Python, SQL and SAS; Working with advanced Excel, VBA programming, Access Database, Oracle Essbase, Risk Agility Actuarial Software, or MG-Triton Actuarial Software; Working in Financial Reporting performing reserve and cash flow testing, GAAP/Statutory reporting, stress test/scenario analysis, distributable earnings analysis, and has knowledge of reserve/liability, and dynamic lapse rates; Working in producing profitability metrics including Internal Rate of Return (IRR) and Return on Capital (ROC), Interest Rate impact analysis; Building or maintaining actuarial models for in-force management and reserve for retirement or group annuity products; Developing/utilizing actuarial assumptions including premium, withdrawals, lapse rates, credit rates, general account cash flow and assets allocation. #LI-DNP #LI-DNI 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. $110,510 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 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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