Plan Manager at Voya Financial

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Minimum of 6+ years’ experience administering Non-Qualified deferred compensation plans for Fortune 1000 companies
Bachelor’s degree in finance or business-related field preferred
Experience with Microsoft Word & Excel, and the ability to learn new software quickly
Excellent communication, organization, prioritization, and problem-solving skills
Ability to work well under pressure with multiple priorities and deadlines
Must be detail-oriented, a self-starter, entrepreneurial, and motivated
Experience in Relius Administration and Crystal Reports software programs
In-depth knowledge of executive retirement plans, such as SERP plans, Restoration Plans, deferral plans and Rabbi Trusts
Core knowledge of multiple funding methods for Liabilities and Assets, including COLI, Split Dollar, VUL, Mutual Funds and Unfunded Plans

Responsibilities

Serve as the primary contact and ensure highest level of client satisfaction for assigned caseload
Work with Sr. Client Service Manager as needed
Produce and deliver accurate client quarterly valuations in a timely manner
Manage requests related to enrollment material
Manage Daily Asset/Liability reconciliation
Contribute to strategic consultation and keep senior management informed about client relationship
Partner with Sr Client managers and work closely with sales, recordkeeping and operations staff
Contribute to resolution of account imbalances with the trading partner in a timely fashion
Assist with projects or duties from outside departments as needed

Skills

409A

SERP

Restoration Plans

Deferral Plans

Rabbi Trusts

COLI

Split Dollar

VUL

Mutual Funds

Unfunded Plans

Plan Administration

Executive Benefits

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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