Sr. Group Underwriter Stop Loss

Voya Financial, Inc.; Minnesota; Hybrid; USD 79,000 - 99,000; Full time

Benefits offered by this job

Health insurance

401(k) plan with company match

Tuition reimbursement

Job summary

Voya Financial, Inc. in Minnesota seeks an experienced Stop Loss underwriter to independently underwrite challenging applications and renewals within policy guidelines.

You will make risk and pricing decisions and mentor junior underwriters, while coordinating proposals, renewals, and amendments. The role emphasizes data-driven evaluation of claim history, industry type, and participation rates to ensure proper pricing.

Qualifications

• 4-6 years underwriting experience.
• Strong problem-solving and analytical skills.
• Excellent written and oral communication skills.

Responsibilities

• Independently underwrite the more difficult Stop Loss insurance applications and renewals within guidelines.
• Operate within authority level to make risk and pricing decisions.
• Provide training, approval and guidance to lower-level group underwriters.
• Coordinate underwriting activities on proposals, new cases, renewals, and amendments.
• Contribute to total division profitability by analyzing client profitability and product line performance.

Skills

Underwriting experience

Analytical skills

Written and verbal communication

Education

Bachelor’s degree or equivalent

Tools

Word processing

Spreadsheet applications

Excel

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?

Get to Know the Opportunity:

Independently underwrite the more difficult Stop Loss insurance applications and renewals within guidelines set for the issuance of policies on a standard or substandard basis.

Operates within authority level to make risk and pricing decisions.

Provides training, approval and guidance to lower-level group underwriters.

Please Note: This position will be performed in proximity of our MN location with a hybrid schedule

The Contributions You’ll Make:

• Provide training and guidance to lower-level group underwriters.
• Evaluate risk and analyze data such as aggregate reporting, large claimant information and other characteristics of employee groups, participation percentage, type of industry, or past claim experience to determine benefits and rates.
• Ensure proper pricing and appropriate funding methods.
• Coordinate underwriting activities on proposals, new cases, renewals, and amendments.
• Ensure that the company can administer the client’s proposed benefit plan design and funding method.
• Develop and maintain relationships with field personnel and clients by answering general questions and obtaining information on which to base decisions.
• Document and communicate decisions to necessary areas in the division.
• Reviews cases exceeding underwriter’s review level.
• Contribute to total division profitability by analyzing/assessing client profitability through experience and expense analysis and attention to product line performance.
• Participate in product development and enhancements.
• Represent underwriting/service team perspective based on personal knowledge and experience.
• Participate in regional marketing rollouts.
• Other duties as assigned.

Minimum Knowledge & Experience:

4-6 years underwriting experience

Strong problem-solving and analytical skills

PC skills including word processing and spreadsheet applications

Excellent written and oral communication skills

Preferred Knowledge & Experience:

Bachelor’s degree or equivalent

Strong Excel Skills

Large claims diagnosis clinical knowledge

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.

$78,990 - $98,740 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

• 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.

Misuse of Voya's name in fraud schemes

Voya Financial, Inc., is a leading retirement, employee benefits and investment management company.

Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for individual, workplace and institutional clients, supporting more than 18 million customer relationships.

Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity.

Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future.

For more information visit https://www.voya.com/

Voya’s values serve as our compass, bringing together our culture, performance, brand, vision, strategy and corporate responsibility activities. Our values guide our decision-making and behaviors allowing us to deliver worth to our customers, distribution partners, shareholders and each other.

With a lens on balance, health & welfare, our work environment offers flexibility.

The majority of our roles have adopted a hybrid schedule — working some days in the office and some days remotely, providing flexibility for work-life balance and still allowing the benefit of in-person collaboration.

Some functions will continue to be 100% on-site and others may be fully remote, depending on business needs.

We care We do the right thing We have customer passion We have a winning spirit We are the We Certified by the Great Place to Work® Institute as a Great Place to Work® for the 10th consecutive year, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible.

Voya’s culture is proudly recognized by multiple organizations. See a full listing of our awards and recognition.