Penn Foster
Actuarial Associate
Penn Foster, Hartford, Connecticut, us, 06112
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.Duties:
Support the management and operation of wealth solutions ALM and model validation for both current and new initiatives. Maintain ALM Tableau dashboard for Asset Liability Committee quarterly meeting and explore additional materials to enrich the dashboard and perform relevant analysis in response to changing market conditions and business strategies. Complete ALM production items accurately in a timely manner, understand the drivers of results and perform analysis as needed. Production items include liability duration, guaranteed minimum interest rate roll forward analysis, discount factor generation, credit spread quarterly update for modeling, portfolio rate and new money rate for pricing and rate setting, and internal rate of return reporting. Support annual projects processes such as asset assumptions update process and year-end memo support. Provide monthly fund transfer reports and market value adjustment deep dive analysis. Enhance/automate existing ALM processes and maintain up-to-date documentation. Opportunity allows for partial work from home as long as employee resides in the same Metropolitan Statistical Area, where the job is offered (as defined by the Bureau of Labor Statistics).Requirements:
Requires a Bachelor’s degree or foreign equivalent in Actuarial Science, Mathematics, Finance, or a related field, and two (2) years of actuarial experience, or experience working in finance, or the insurance industry. Must have passed at least 3 actuarial exams of the Society of Actuaries. Experience must include: Working with finance, reinsurance, life insurance, experience analysis, and/or risk management; Working with Tableau, Visual Basic, Python, and SQL; Statistical analysis, data analysis, data science, and model validation; and Data reporting and visualization.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. $69,700 - $87,130 USD.What We Offer:
Health, dental, vision and life insurance plans401(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/yearPaid 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 yearCritical 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.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:
We are committed to maintaining a diverse workforce. This commitment governs all decisions related to employment, including selection, development and compensation. It also includes an employee’s request for reasonable accommodation. All employees will be treated in a manner free from discrimination or harassment. Voya is committed to providing equal employment opportunities for persons with disabilities, including reasonable accommodation when needed.
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Support the management and operation of wealth solutions ALM and model validation for both current and new initiatives. Maintain ALM Tableau dashboard for Asset Liability Committee quarterly meeting and explore additional materials to enrich the dashboard and perform relevant analysis in response to changing market conditions and business strategies. Complete ALM production items accurately in a timely manner, understand the drivers of results and perform analysis as needed. Production items include liability duration, guaranteed minimum interest rate roll forward analysis, discount factor generation, credit spread quarterly update for modeling, portfolio rate and new money rate for pricing and rate setting, and internal rate of return reporting. Support annual projects processes such as asset assumptions update process and year-end memo support. Provide monthly fund transfer reports and market value adjustment deep dive analysis. Enhance/automate existing ALM processes and maintain up-to-date documentation. Opportunity allows for partial work from home as long as employee resides in the same Metropolitan Statistical Area, where the job is offered (as defined by the Bureau of Labor Statistics).Requirements:
Requires a Bachelor’s degree or foreign equivalent in Actuarial Science, Mathematics, Finance, or a related field, and two (2) years of actuarial experience, or experience working in finance, or the insurance industry. Must have passed at least 3 actuarial exams of the Society of Actuaries. Experience must include: Working with finance, reinsurance, life insurance, experience analysis, and/or risk management; Working with Tableau, Visual Basic, Python, and SQL; Statistical analysis, data analysis, data science, and model validation; and Data reporting and visualization.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. $69,700 - $87,130 USD.What We Offer:
Health, dental, vision and life insurance plans401(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/yearPaid 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 yearCritical 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.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:
We are committed to maintaining a diverse workforce. This commitment governs all decisions related to employment, including selection, development and compensation. It also includes an employee’s request for reasonable accommodation. All employees will be treated in a manner free from discrimination or harassment. Voya is committed to providing equal employment opportunities for persons with disabilities, including reasonable accommodation when needed.
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