Lead Reinsurance Financial Analyst

Lead Reinsurance Financial Analyst

locations

Minneapolis, MN

time type

Full time

job requisition id

JR0032547

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Position Summary:

Voya is seeking a Lead Financial Analyst to join Voya's Reinsurance team.  The position is responsible for administering reinsurance treaties and reinsurance reporting. We are looking for an individual with a passion for process improvements and automation.

This role is primarily work-from-home but will be occasionally expected to work out of the Minneapolis office.

Position Description:

• Administer reinsurance agreements including preparing and compiling reinsurance settlements and reports.

• Identify and lead the implementation of improvements within workstream processes.

• Analyze and create automation opportunities within the existing reinsurance processes.

• Maintaining integrity of reinsurance admin system and data.

• Review and validate reinsurance settlements reports received from reinsurers for completeness and accuracy per agreements.

• Contribute to financial close cycles, including recording journal entries, issuing wires, reviewing, and analyzing operating statements, and providing flux analysis.

• Undertake ad-hoc tasks, projects and analysis upon request under limited supervision.

• Work on various responsibilities associated with reinsurance and reporting and interact with various business partners.

• Interact, communicate, and maintain liaison with reinsurers and third-party administrators to ensure the quality, accuracy and completeness of reports received.

• Deliver succinct and clear summarizations of analysis tailored to the needs of different customers.

• Participate in internal and external audit testing.

• Ensure reinsurance processes and reporting activities are in compliance with audit standards, including sufficient controls and efficient reinsurance processes established/maintained.

• Share technical expertise and guide junior team members.

• Support other team members, including reviewing offshore work.

• Able to manage multiple, often competing priorities under tight deadlines.

• Able to work with large and complex excel files and scale the data into meaningful analysis

• Other duties as assigned

Minimum Knowledge & Experience:

• BA degree in Finance/Accounting

• Minimum 5 years of reinsurance finance experience with a life insurance focus

• Experience working with admin systems, ledger data and familiar with operating statements

• Good understanding of accounting principles, reinsurance operations and financial reporting

• Work with various organizational teams and leadership

Preferred Knowledge & Experience:

• Strong analytical, attention to detail, self-motivated, self-starter; able to work independently with minimal supervision

• Able to balance quantitative and qualitative analysis

• Excellent oral and written communications

• GAAP and Statutory reporting knowledge is preferred

• Familiarity with Oracle financial systems is preferred

• Advanced proficiency in MS Excel and data visualization tools (e.g., Tableau, Power BI) 

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.

$110,000 - $128,000

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

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.