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Employee Benefits Filing Director

Employee Benefits Filing Director

Voya FinancialMinneapolis, MN, US
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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

Position Summary :

We are looking for an exceptional Director to lead a team of filing analysts and contract drafters in the pursuit of regulatory approval for supplemental health, life, disability, leave, and stop loss insurance contracts, as well as other forms as applicable. The Director drafts, reviews, and manages the filing of insurance contracts and other related forms in compliance with state / federal insurance laws and regulations.

Position Description :

  • Recommend strategies for accelerating the regulatory approval process in order to meet the company’s common objective of speed-to-market. Proactively recommend insights and strategies to best work with states on product development, operational challenges and field requests. Enthusiastically support Product, Underwriting, Sales, Marketing, Client Relations and Claims teams to drive for optimal outcomes throughout our group insurance portfolio.
  • Independently draft insurance contracts and other forms in compliance with state insurance laws and regulations. Use discretion and best judgment in preparing contract provisions that accurately reflect any product specifications, with a focus on customization to ensure maximum flexibility within the terms of the contract. Consult with Product, Actuarial, Legal and Compliance resources to validate that the drafts reflect product specifications. Meet with Operations and Distribution teams to explain contract terms and conditions to confirm single-case filing solutions as applicable.
  • Independently address issues and objection letters from state insurance regulators, using discretion and best judgment. When applicable, provide business partners with viable options for addressing regulatory issues, with a bias towards efficiency, rather than manual workaround solutions, keeping a customer-first mindset.
  • Lead the team that submits all forms to state regulators and prepares materials required by regulatory authorities, including transmittal letters, certifications, and checklists. Prepare drafts of actuarial materials on behalf of actuarial resources.
  • Actively engage with industry groups (i.e. ACLI, NAIC, LIMRA) to stay informed on the competitive landscape of filing / approval tactics; proactively share with Product and Actuarial teams to collaborate on successful outcomes.
  • Review and analyze state and federal insurance statutes and regulations that may impact our insurance products and forms.
  • Develop tools to help forecast regulatory approvals, such as a timeline of critical milestones and a snapshot of status with a focus on transparency. Work with Product, Actuarial and Distribution teams to design ideal filing priorities for new and updated products.
  • Prepare reports and address other responsibilities as directed by leadership.
  • Prepare and submit method of operations and plan of operations filings to applicable state regulators.

Knowledge & Experience :

  • Bachelor’s degree from accredited institution required. JD or ASA preferred.
  • 5+ years insurance contract drafting and insurance industry experience, including existing relationships with regulators and other industry compliance stakeholders.
  • In-depth knowledge of at least two lines of existing Voya products : group supplemental health and life, leave, PFML, and disability; stop loss experience a bonus.
  • Positive attitude and teamwork approach to product approvals; collaborate well with cross-functional teams; dependable, strong leader with a sales-minded focus and goal of achieving compliant, competitive products in an expedited manner.
  • Knowledge of ERISA and the Internal Revenue Code preferred.
  • Strong oral and written communication skills with attention to detail.
  • Strong leader with a sense of urgency, and demonstrated team player.
  • #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.

    $111,150 - $165,110 USD

    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 aboutCritical 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.

    Misuse of Voya's name in fraud schemes

    #J-18808-Ljbffr

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