VP, Head Business Actuary - Employee Benefits

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

Position Overview:

We are seeking an experienced and accomplished VP, Head Business Actuary to lead our Employee Benefits actuarial team.  Reporting to the CFO – Workplace Solutions and to the Chief Corporate Actuary, the ideal candidate will have deep expertise across a range of group benefit products, including Group Life & Disability, Voluntary and Supplemental health, and Medical Stop Loss insurance.  Working as a key member of the Employee Benefits group management team, this individual will manage a team of actuaries charged with pricing, monitoring, and portfolio managing performance across a range of products.  This role is highly commercial and will allow the right candidate to be a strong and influential voice in the development of business strategy. This role requires a high performer with a strong and energetic appetite to drive change and make a meaningful impact within the organization.  The successful candidate will be commercially astute and comfortable engaging with clients, intermediaries and other key stakeholders as necessary. Crucially, this individual will play a vital role in talent and organizational development across the actuarial community.

Key Responsibilities:

Leadership and Team Management:

• Lead and mentor the actuarial team, fostering a culture of excellence and collaboration.
• Oversee actuarial analyses and methodologies across all employee benefit lines.
• Act as a builder and developer of talent within the team, identifying high-potential individuals and providing professional growth opportunities.
• Attract and retain top actuarial talent by promoting a dynamic and engaging work environment.

Employee Benefits Expertise:

• Command a thorough understanding of group benefits products and leveraging this expertise to guide decision-making and strategic direction.
• Analyze trends and market dynamics in employee benefits to inform product development and pricing strategies.

Pricing Portfolio Management:

• Lead the pricing strategy for various employee benefit products.
• Conduct regular reviews of the pricing portfolio, utilizing data analytics to optimize performance and adjust strategies as necessary.

Business Development Strategy:

• Collaborate with business leaders, as well as teams including underwriting, finance, product, and sales to develop and implement strategies that drive business development and growth in employee benefits offerings.
• Engage with clients and intermediaries to present actuarial insights, foster relationships, and identify new business opportunities.

Risk Management, Change Management and Innovation:

• Champion initiatives to improve actuarial processes, systems, and methodologies while ensuring robust risk management practices are in place.
• Promote a culture of innovation and continuous improvement within the actuarial team.
• Utilize industry insights and best practices to propose innovative solutions that enhance the organization's employee benefit offerings.
• Identify, assess, and mitigate risks associated with actuarial practices and employee benefit designs to ensure compliance and sustainability.

Minimum Knowledge & Experience

• Fellow of the Society of Actuaries (FSA) designation is required.
• A minimum of 8 years of experience in actuarial roles, with a focus on employee benefits, including group benefits, voluntary disabilities, and stop loss insurance.
• Demonstrated experience in pricing portfolio management and strategic decision-making.
• Strong analytical skills with a proven ability to utilize data to drive strategy and influence stakeholders.
• Exceptional communication and interpersonal skills, with the ability to engage effectively with clients and intermediaries.
• Excellent presentation skills with the ability to effectively use data to craft compelling narratives that engage and inform stakeholders
• A strong appetite for driving change and innovation within the organization, with a proven track record of impactful contributions.
• Proven ability to build, develop, and attract talent within the actuarial field, fostering a high-performing team culture.

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.