Voya Financial

Associate Actuary - Group Life & Health Assumptions

United States

Voya Financial Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Employee BenefitsIndustries

Requirements

Candidates must possess a Bachelor’s degree in Actuarial Science, Mathematics, Finance, or a related business discipline, along with an Associate of the Society of Actuaries (ASA) or a Fellowship of the Society of Actuaries (FSA). A minimum of 5-6 years of actuarial experience focused on group life and health products is required, demonstrating expertise in assumption setting, experience studies, and predictive analytics.

Responsibilities

This Associate Actuary will be responsible for conducting experience studies for Voya’s Employee Benefits products, overseeing Cash Flow Testing Analysis, supporting year-end actuarial memorandums, designing and executing actuarial controls, and collaborating with IT teams to improve data sources. They will also implement emerging techniques like predictive analysis and machine learning into experience studies, manage staff, and participate in special projects related to assumptions, ultimately contributing to the accuracy and reliability of Voya’s financial reporting and product offerings.

Skills

Actuarial Science
Mathematics
Finance
Data Analysis
Predictive Analytics
Machine Learning
Experience Studies
Assumption Setting
Communication Skills
Analytical Skills
Problem Solving

Voya Financial

Provides financial services and retirement solutions

About Voya Financial

Voya Financial offers a range of financial services, including retirement plans, investment management, and insurance products, to help individuals and businesses achieve financial wellness. Their services cater to individuals seeking retirement planning, employers looking to enhance employee benefits, and institutions needing tailored investment management. Voya stands out from competitors through its commitment to inclusiveness and corporate responsibility, which helps attract clients and talent. The company's goal is to build long-term relationships with clients, ensuring they achieve financial confidence and a fulfilling life.

Key Metrics

New York City, New YorkHeadquarters
2014Year Founded
IPOCompany Stage
Fintech, Financial ServicesIndustries
5,001-10,000Employees

Benefits

Health Savings Account (HSA)
Flexible Spending Accounts (FSA)
Rally wellness program
Employee Assistance Program (EAP) and Work Life Services
Behavioral Health Family Support Program
Livongo support for diabetes, hypertension, and weight management
AccessHope cancer support
Wellthy caregiving assistance
Back-up child care and elder care
Health Advocate
ABLE accounts
Legal insurance
Identity theft protection
Voya Foundation Matching Gift Program

Risks

Increased competition from fintech companies may erode Voya's market share.
Operational challenges in integrating OneAmerica's business could affect service quality.
Regulatory scrutiny on fees may impact Voya's pricing strategies and profitability.

Differentiation

Voya's commitment to inclusiveness and corporate responsibility sets it apart in the market.
The acquisition of OneAmerica's retirement plan business expands Voya's client base significantly.
Voya's focus on digital financial planning tools enhances client engagement and satisfaction.

Upsides

Voya's ESG commitment aligns with the growing investor focus on sustainable investing.
The financial wellness market's growth offers significant opportunities for Voya's programs.
AI integration in investment management can enhance Voya's strategies and client outcomes.

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