FAQs
What is the primary responsibility of the VP, Benefits?
The primary responsibility of the VP, Benefits is to drive the strategic design and delivery of the enterprise benefits strategy for Voya, focusing on the development, implementation, and oversight of a comprehensive benefits portfolio that is competitive, inclusive, and cost-effective to attract, motivate, and retain engaged employees.
Who will the VP, Benefits report to?
The VP, Benefits will report to the SVP, Total Rewards, Employee Relations, and Workforce Analytics.
What qualifications are required for the VP, Benefits position?
Candidates should have a minimum of 10 years of HR or relevant business experience, preferably in a corporate environment, with at least 7 years in benefits management. A Bachelor's degree in Business, HR, or a related field is required; an advanced degree is preferred. Additionally, candidates should have at least 5 years of direct people management experience.
Is experience with mergers and acquisitions (M&A) important for this role?
Yes, demonstrated experience with M&A HR due diligence on the full scope of benefits plans is important for this role.
What skills are emphasized as critical for success in this position?
Critical skills include customer focus, critical thinking, team mentality, business acumen, and learning agility.
What types of benefits programs will the VP, Benefits manage?
The VP, Benefits will manage a comprehensive portfolio that includes health insurance, qualified and nonqualified retirement and savings plans, wellness initiatives, paid time off, and other voluntary benefits.
How does the VP, Benefits engage with employees?
The VP, Benefits will develop communication and educational materials to help associates understand their benefits options and foster initiatives that promote associate wellness, engagement, and satisfaction.
Are there budgeting responsibilities associated with this position?
Yes, the VP, Benefits is responsible for managing the benefits budget, analyzing cost trends, and making data-driven recommendations to optimize resources and control expenses.
What kind of team will the VP, Benefits lead?
The VP, Benefits will inspire, manage, and develop a team of benefit specialists to deliver on strategic objectives related to benefits.
Does Voya offer competitive compensation for this position?
Yes, Voya is committed to fair and equitable pay, offering a base salary range along with incentive opportunities tied to performance objectives. Actual compensation may vary based on experience and location.
What additional benefits does Voya provide to its employees?
Voya provides health, dental, vision, and life insurance plans, a 401(k) savings plan with company matching contributions, an employer-paid cash balance retirement plan, tuition reimbursement, paid time off, and paid volunteer time.
What is Voya's stance on equal employment opportunities?
Voya Financial is an equal-opportunity employer, providing equal opportunities 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.
Are reasonable accommodations available for individuals with disabilities?
Yes, Voya is committed to the inclusion of all qualified individuals and will ensure reasonable accommodations are provided as needed for participation in the job application process, essential job functions, and other employment benefits.