Associate Actuary

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:  

This position is within the Retirement Assumptions and Cash Flow Testing team. This person will be responsible for performing experience studies for Retirement products. It involves overseeing the calculation, analysis, and setting of assumptions, primarily covering deferred annuity and payout annuity products. The role will also perform Cash Flow Testing (CFT) analysis and support actuarial memorandums. In addition, the role will be involved in financial reporting for legacy closed‑block annuity business and will partner closely with valuation, modeling and finance teams. The role will participate in special initiatives from an assumption’s perspective and drive enhancements to processes and controls, including greater use of automation, analytics, and AI to improve efficiency, consistency, and scalability of recurring work.

The Contributions You’ll Make:  

• With respect to the company’s Retirement business
• 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

Minimum Knowledge & Experience: 

• 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
• Excellent computer skills (especially Excel, Access, Visual Basic)
• 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

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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.