[Remote] Associate Counsel, Employee Benefits at Voya Financial

United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Earned a Juris Doctor (or equivalent degree) from an accredited law school
Current and active member in good standing of a U.S. state and/or federal Bar Association
Practicing lawyer for at least 4 years
Experience in contract drafting and negotiations
Familiarity with employee benefits products and services, including:
Supplemental health products
Disability
Stop-loss insurance
Account-based plans like Health-FSAs and HRAs
Experience with leave laws (FMLA, state equivalents)
Excellent oral and written communications skills
Ability to manage multiple, complex issues simultaneously
Demonstrated ability to work well with a large number of stakeholders

Responsibilities

Collaborate with supervising attorneys to support a broad range of legal department responsibilities
Identify areas of risk and research options to resolve identified issues
Draft, review, and negotiate various agreements, including Client Service Agreements, Business Associate Agreements, Confidentiality Agreements, and settlement agreements
Provide practical, legal, and business advice to employees and counsel employees and management on legal and strategic matters
Partner with internal departments to ensure all stakeholders' interests are covered during agreement negotiations
Respond to data security inquiries and data questionnaires from customers
Oversee data collection, use, access, and transfers with specific data protection issues
Effectively communicate regulatory and procedural changes and important issues to affected employees and business units
Direct and manage outside counsel as needed
Work on other issues and areas affecting Company business and operations as required

Skills

Key technologies and capabilities for this role

Contract DraftingContract NegotiationEmployee BenefitsSupplemental Health ProductsDisability InsuranceStop-Loss InsuranceHealth-FSAsHRAsLegal Department

Questions & Answers

Common questions about this position

What experience is required for the Associate Counsel position?

Candidates should have 4-6 years of experience in contract drafting and negotiations and familiarity with employee benefits products and services such as supplemental health products, disability, stop-loss insurance, and administration of account-based plans like Health-FSAs and HRAs.

What are the main responsibilities of this role?

The role involves collaborating with business lines to identify risks, drafting and negotiating agreements like Client Service Agreements and Business Associate Agreements, providing legal advice to employees and management, working with internal departments on negotiations, and partnering with Privacy and IT teams on data security.

What is the company culture like at Voya Financial?

Voya Financial fosters a bold, action-oriented culture committed to fighting for financial opportunities, valuing differences, and creating an inclusive environment where employees can bring their whole selves to work and purposefully leverage diversity to influence culture, serve clients, and enrich communities.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

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.

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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