Lead Financial Analyst- Business Cost Management

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

Get to Know the Opportunity:
 

As a Business Cost Management Consultant, you will play a pivotal role in optimizing organizational expenses, fostering cross-functional collaboration, aligning cost decisions with strategic business goals, and integrating capacity models to enhance operational efficiency. This role requires a strategic mindset, strong analytical skills, and the ability to work collaboratively across various departments. You will be instrumental in reshaping traditional cost management practices into a more integrated, business facing and value-driven model, incorporating capacity planning for sustainable growth.

Please Note:  Work location for this role is FLEXIBLE! This position allows 100% remote work from home or allows work to be performed in any of our major office locations with a hybrid schedule. 

The Contributions You'll make:

Strategic Cost Planning and Budgeting:

•  Develop and manage budgets & forecast.
•  Develop and implement strategic cost management plans, incorporating capacity models to align with organizational objectives and support growth initiatives.
•  Collaborate with senior leadership to define key cost-related goals, performance indicators, and capacity requirements.

Cost Efficiency Analysis:

• Conduct in-depth analysis of existing processes, identifying areas for cost optimization, efficiency improvements, and enhanced capacity utilization.
• Implement initiatives that drive cost efficiencies while maintaining or enhancing operational effectiveness and capacity capabilities.

Strategic Cost Components:

• Integrate strategic cost components into financial analysis, emphasizing the alignment of cost decisions with long-term organizational strategy and capacity requirements.
• Evaluate the impact of cost decisions on overall value creation and the organization's ability to meet future capacity demands.
• Develop and implement scenario planning tools, considering both cost implications and capacity scenarios to anticipate and address potential financial challenges.
• Provide insights into the financial and capacity implications of various scenarios to support strategic decision-making.

Cross-Functional Collaboration:

• Facilitate collaboration between departments to identify and leverage cost-saving opportunities, considering capacity constraints and growth projections.
• Encourage a culture of knowledge-sharing and cost-conscious decision-making across the organization.

Enhanced Reporting:

• Design and implement dashboards that provide department-specific insights while showcasing cross-functional impacts and capacity utilization.
• Ensure reports offer a holistic view of cost implications, capacity constraints, and contribute to informed decision-making.

Continuous Improvement:

• Continuously assess and improve cost management processes on industry best practices and emerging technologies.

Technology/Data Analytics Integration:

• Explore, implement, and optimize cost management technologies, including software, analytics tools, and advanced planning solutions.
• Leverage technology to automate routine tasks, improve data accuracy, and enhance decision support for both cost and capacity considerations.

Client Consultation:

• Serve as a consultant to departmental leaders, offering insights and recommendations on cost management strategies, capacity planning, and the integration of both aspects.
• Collaborate closely with clients to understand their unique needs and tailor comprehensive solutions that address cost, capacity, and growth requirements.

Minimum Knowledge and Experience:

• Bachelor's degree in Accounting, Finance or a related field.
• Minimum 5 years of proven experience in strategic cost management, financial consulting, and capacity planning.
• Strong analytical and quantitative skills with proficiency in financial modeling and  forecasting.
• Excellent communication and interpersonal skills, with the ability to engage effectively with stakeholders at all levels.
• Knowledge of industry best practices, emerging trends in cost management, capacity planning, and financial technologies.

Attributes:

• Strategic thinker with the ability to see the big picture.
• Collaborative and team-oriented mindset.
• Adaptable to changing business conditions.
• Results-driven with a focus on continuous improvement.
• Strong leadership and influencing skills.

#LI-SS1 #LI-Remote

Compensation Pay Disclosure:

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.

The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting.

Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Be Well. Stay Well.

Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.

What We Offer

• 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

Learn more about Voya benefits (download PDF)

Critical Skills

At Voya, we have identified the following critical skills which are key to success in our culture:

• 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.

Learn more about Critical Skills

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.