Sr. Group Underwriter Stop Loss

godirect; United States; Hybrid; USD 79,000 - 99,000; Full time

Benefits offered by this job

Health insurance

401(k) plan

Retirement plan

Tuition reimbursement

Paid time off

Job summary

Voya Financial in the United States is seeking an experienced underwriter to independently handle Stop Loss applications and renewals with guidance to junior underwriters in a hybrid MN-based role.

You will evaluate risk, pricing and client profitability, coordinate proposals and renewals, and participate in product development while collaborating with field personnel and clients.

Qualifications

• 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

Responsibilities

• Underwrite the more difficult Stop Loss applications and renewals within guidelines
• Evaluate risk and analyze data to determine benefits and rates
• Coordinate underwriting activities on proposals, new cases, renewals, and amendments
• Develop and maintain relationships with field personnel and clients
• Contribute to total division profitability through experience and expense analysis

Skills

Underwriting experience

Problem-solving

Analytical skills

Communication skills

PC skills

Education

Bachelor's degree or equivalent

Tools

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

#LI-IB1

#Remote

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 d