VP, Stop Loss Product
Voya Financial
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
Looking for a strategic leader to drive development of Voya’s Stop Loss offering. An effective leader in this role will think broadly, both about the filed insurance contract but also about the broader sales and service experience associated with the offering. The leader will be expected to have a deep understanding of each component of the value chain and collaborate across stakeholders to develop and execute on a holistic roadmap.
The Contributions You’ll Make
- Create, define, and execute the product strategy and roadmap, while continually assessing product development trade-offs to develop and deliver relevant and quality products on time and within budget.
- Define and lead the product ideation and innovation process leading to cross-functional creative and collaborative conversations.
- Work closely with executive management to inform organizational strategy and ensure product and service elements fully support organizational strategy
- Champion the organizations efforts toward intelligent product and service design across the value chain
- Thoroughly understand the market to perform competitive analysis and identify market opportunities
- Work closely with actuarial to provide market acceptable risk and cost management through product design.
- Partner with cross-functional leadership to secure support for resource prioritization
- Assist with strategically important business cases and broker relationships
- Collaborate with other VOYA businesses in order to identify new business opportunities, share best practices and ultimately leverage opportunities.
- Recruit, select, coach and counsel the product team to build a product organization capable of driving product initiatives in partnership and collaboration with cross-functional area. Recruit, select, coach and counsel Product team.
The job responsibilities will be:
- Work with cross-functional leadership to secure resource prioritization for strategically important business cases and new product initiatives
- Closely align with partners in risk, finance, marketing, operations and distribution to execute and accelerate product implementation
- Lead the product ideation process and assist in setting agendas and driving creative and collaborative conversations
- Understand the competitive landscape of various financial industry products and product lines as well as, positioning and marketing, benefits, and pricing
- Manage timelines and deadlines associated with the above mentioned tasks
Preferred Knowledge & Experience:
- Strong experience (7+ years) in a variety of business challenges, showing strong learning capability, curiosity, agility, and problem solving
- Track record of successful leadership and driving results through cross-functional teams
- Exceptional communication, influencing and partnership skills
- Understands the insurance and retirement business in the workplace
- Ability to work within ambiguous situations while working toward clarity
#LI-KD1
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.
$197,000 - $225,000Be 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.
Reasonable Accommodations
Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities.