Voya Financial is a leading provider of retirement, investment, and insurance solutions in the United States. Headquartered in New York City, Voya Financial was established in 1991, and it has since grown into a well-respected company with a mission to help Americans achieve financial well-being. With a focus on delivering comprehensive financial solutions, Voya serves individuals, employers, and institutions by providing retirement plans, employee benefits, and investment products designed to support long-term financial health.

Services and Solutions

Voya Financial offers a wide range of services across its core business segments, focusing on helping individuals and organizations plan, invest, and protect their financial future. Key services include:

• Retirement Solutions: Voya is a recognized leader in retirement planning, offering defined contribution plans, such as 401(k) and 403(b) plans, along with defined benefit plans for employers. They provide retirement plan management, participant education, and investment options to help individuals build a secure financial future.
• Investment Management: Voya’s investment management division offers asset management services to institutional clients, including pension funds, endowments, and foundations. They provide a wide range of investment solutions, including equities, fixed income, and multi-asset strategies.
• Employee Benefits: Voya Financial provides group insurance products, including life insurance, disability income insurance, and voluntary benefits. These products help employers offer competitive benefit packages that protect employees and their families.
• Individual Life Insurance: Voya offers life insurance products designed to help individuals protect their loved ones and plan for the future. These products include term life insurance, universal life insurance, and variable universal life insurance.

Employee Benefits and Compensation

Voya Financial offers a comprehensive benefits package designed to support the well-being of its employees while fostering professional growth. Key benefits include:

• Health and Wellness: Voya provides employees with health insurance plans that include medical, dental, and vision coverage. The company also offers wellness programs to support physical and mental health.
• Retirement and Savings: Voya offers a 401(k) plan with a company match, allowing employees to save for their retirement with confidence. Additionally, employees have access to Voya’s financial planning and advisory services to help them make informed decisions.
• Work-Life Balance: Voya promotes a healthy work-life balance by offering flexible work arrangements, including remote work options and flexible scheduling, which help employees manage their personal and professional commitments.
• Professional Development: Voya is committed to employee development, offering a range of learning and development programs, including leadership training, mentorship, and opportunities for continuing education.
• Paid Time Off: Voya provides generous paid time off policies, including vacation, holidays, and personal leave, ensuring employees can recharge and maintain a balanced lifestyle.

Business Divisions

Voya Financial operates through several key business divisions, each focused on delivering tailored financial solutions to meet the needs of its clients:

• Retirement: Voya is one of the top retirement plan providers in the U.S., offering solutions for employers and individuals to plan for a financially secure retirement.
• Investment Management: The company’s asset management division serves institutional clients, offering investment strategies and solutions across a variety of asset classes, including equities and fixed income.
• Employee Benefits: Voya provides group life, disability, and supplemental insurance products that help employers offer competitive benefit packages to their employees.
• Individual Life Insurance: Voya’s life insurance products provide financial protection for individuals and their families, helping them plan for the future with confidence.

Summary

Voya Financial is a trusted provider of retirement, investment, and insurance solutions, with a commitment to helping individuals and organizations achieve financial well-being. With a strong presence in the U.S., Voya offers a wide range of products and services that address the diverse financial needs of its clients, from retirement planning and asset management to life insurance and employee benefits.

For actuarial professionals, Voya Financial presents exciting opportunities to work in a dynamic and growing industry. Actuarial roles at Voya involve pricing, risk management, and financial modeling, providing the chance to contribute to innovative solutions that support the financial futures of individuals and organizations alike.

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