Associate Actuary - Group Life & Health Assumptions

Position Overview

• Location Type: Remote
• Employment Type: Full Time
• Salary: Not specified

This position is within the assumptions and cash flow team. The role is expected to have 2 direct reports. The primary responsibility is performing experience studies for Employee Benefits products, including overseeing the calculation, analysis, and setting of assumptions for Group Life & Disability, Voluntary Life, Stop Loss, and Supplemental benefit products. This role also performs Cash Flow Testing Analysis and supports actuarial memorandums. It involves participating in special initiatives from an assumptions perspective and improving processes and controls.

Requirements

• Education: Bachelor’s degree in Actuarial Science, Mathematics, Finance, or a related business discipline.
• Certifications: ASA (Associate of the Society of Actuaries) or newly credentialed FSA (Fellow of the Society of Actuaries).
• Experience: 5-6+ years of actuarial experience with a focus on group life & health products.
• Skills:
  • Strong analytical skills.
  • Excellent oral and written communication skills.
  • Detail-oriented with the ability to solve complex business problems.
  • Capable of effectively working with data and producing insightful analysis.
  • Experience in assumption setting, experience studies, predictive analytics, and AI tools is preferred.

Responsibilities

• Experience studies of all assumptions for Employee Benefits Products (Group Life & Disability, Voluntary Life, Stop Loss, and Supplemental benefit products).
• Oversee Cash Flow Testing Analysis.
• Support year-end actuarial memorandums for all business units.
• Design and execute actuarial controls.
• Collaborate with IT teams to improve data sources.
• Implement emerging techniques such as predictive analysis and machine learning into experience studies.
• Manage and/or provide technical guidance to staff.
• Direct special projects as assigned.

Application Instructions

• To apply, please visit [Voya’s Careers Page - Assuming this is where applications are submitted] (Note: The original text does not provide a direct link).

Company Information

Voya is committed to a work environment where differences are understood, valued, and intentionally pursued. They believe their employees own the culture and have a responsibility to foster an environment where everyone feels comfortable bringing their whole selves to work. The company’s purpose is to fight for everyone’s opportunity for a better financial future.