[Hiring] Senior Actuarial Associate @Voya Financial

Role Description

Together we fight for everyone’s opportunity for a better financial future. We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now

• Lead complex actuarial research, design methodologies, and conduct audit-level 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.

Qualifications

• Requires a Bachelor’s degree or foreign degree equivalent in Actuarial Science, Mathematics or a closely related field.
• Three (3) years of experience working as an Actuarial Associate, Actuarial Assistant or related position.
• Must have passed at least 3 Actuarial Exams.

Requirements

• 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.

Benefits

• 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.

Critical Skills

• 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.

Equal Employment Opportunity

Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.

Reasonable Accommodations

Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities.