VP, Pricing, Wealth Solutions

Company: Disability Solutions
Location: Hartford
Posted on: February 14, 2025

Job Description:

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 VP, Wealth PricingJob Summary:As the leader of Wealth Pricing, you will be responsible for developing and executing pricing strategies that enhance our competitive positioning and profitability in the retirement product market. You will lead a team of pricing analysts and collaborate closely with product development, marketing, sales, and compliance teams to ensure that our pricing models reflect market trends, customer needs, and regulatory requirements. The ideal candidate will possess a strong analytical mindset, a deep understanding of retirement products, and a passion for driving revenue growth through strategic pricing initiatives.Key Responsibilities:- Develop and implement comprehensive pricing strategies for 401(k), 403(b), DCSP, ESOP, and Retail Wealth products that align with the company's overall business goals.- Analyze market trends, competitive landscape, and customer feedback to inform pricing decisions and identify opportunities for innovation and differentiation.- Collaborate with product development teams to ensure pricing strategies support new product launches and enhancements.- Conduct regular pricing reviews and adjustments based on market conditions, profitability analysis, and business performance metrics.- Lead pricing analytics initiatives to quantify the financial impact of pricing decisions and provide actionable insights to senior management.- Develop and maintain pricing models that account for various factors, including cost structures, competitive benchmarks, and customer segmentation.- Work closely with sales and marketing teams to ensure effective communication of pricing strategies and support sales enablement efforts.- Ensure compliance with all regulatory requirements related to pricing in the retirement product space.- Mentor and develop the pricing team to build a high-performance culture focused on continuous improvement and innovation.Candidate Traits for Success:Analytical Mindset: Strong quantitative and analytical skills, with the ability to interpret complex data and market trends to make informed pricing decisions.Strategic Thinker: Ability to develop and execute long-term pricing strategies that align with corporate objectives and respond to market dynamics.Industry Knowledge: Deep understanding of retirement products, including 401(k), 403(b), and DCSP, as well as familiarity with the regulatory environment governing these products.Leadership Skills: Proven experience leading and developing high-performing teams, with a focus on collaboration and cross-functional partnership.Communication Skills: Exceptional verbal and written communication skills to effectively convey pricing strategies and insights to diverse stakeholders.Customer-Centric Orientation: Strong focus on understanding customer needs and preferences to drive pricing strategies that enhance value and customer satisfaction.Adaptability: Ability to thrive in a fast-paced, dynamic environment and respond quickly to changing market conditions.Results-Driven: Proven track record of achieving revenue growth and profitability through effective pricing strategies and initiatives.Qualifications:- Holds a Bachelor's degree in Finance, Actuarial, Business Administration, or a related field; MBA preferred.- 10+ years of experience in pricing, finance, or product management within the financial services or retirement products industry.- Is a member of the American Academy of Actuaries (MAAA)- Proven leadership experience with a track record of driving results and influencing cross-functional teams.- Strong proficiency in pricing analysis tools and financial modeling software.- Proven track record of managing and developing talent.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. $235,000 - $295,000 USDBe 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 yearLearn more about 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 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 .

Keywords: Disability Solutions, Hartford , VP, Pricing, Wealth Solutions, Executive , Hartford, Connecticut