Actuary performing experience studies for Retirement products at Voya Financial. Overseeing calculations and assumptions, supporting regulatory initiatives, and collaborating across teams.
Responsibilities
Lead experience studies and support actuarial assumption development
Perform and oversee Cash Flow Testing analysis for Retirement annuity products
Support preparation of annual actuarial memorandums and related documentation
Design and maintain controls and governance around assumptions and CFT processes
Partner with valuation and finance teams to support actuarial analysis and reporting
Partner with valuation, ALM, finance, data, and IT teams to support assumption settings and actuarial memorandum work
Leverage advanced analytics and AI-enabled tools (e.g., predictive analytics and Copilot-supported workflows) to enhance experience studies and assumption analysis
Manage and/or provide technical guidance to staff
Contribute to special projects and regulatory initiatives, as needed
Requirements
Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline
ASA or newly credentialed FSA
5-6+ years financial, insurance industry, or actuarial experience
Strong analytical skills and advanced knowledge of actuarial statistics/assumptions; ability to use this knowledge to lead/develop solutions to ad-hoc requests or issues
Ability to challenge current methodologies/approaches and develop more efficient and effective solutions
Strong understanding of insurance products and insurance company operations
Ability to communicate effectively with manager, other team members and partners/customers
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.
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