Sr. Stop Loss Group Underwriter

Voya Financial; United States; Remote; USD 75,000 - 95,000; Full time

Job summary

Join a forward-thinking company committed to transforming financial futures. In this pivotal role, you'll independently underwrite complex Stop Loss insurance applications, guiding junior underwriters while ensuring proper pricing and funding methods. Your expertise will contribute to our mission of providing equitable financial opportunities, fostering relationships with clients, and enhancing product development. With a strong focus on teamwork and critical thinking, this position offers a chance to make a lasting impact in the financial services industry. If you're ready to embrace a culture that values diversity and inclusion, this opportunity is for you.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Savings Plan

Tuition Reimbursement

Paid Time Off

Paid Volunteer Time

Qualifications

• 8-10 years of Stop Loss underwriting experience required.
• Strong analytical and problem-solving skills essential.

Responsibilities

• Evaluate risk for complex group insurance products.
• Provide guidance to lower-level group underwriters.

Skills

Stop Loss Underwriting

Problem-Solving Skills

Analytical Skills

Communication Skills

PC Skills

Education

High School Diploma or GED

Bachelor’s Degree (Preferred)

Tools

Word Processing Applications

Spreadsheet Applications

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

Get to Know the Opportunity:

Independently underwrites Stop Loss complex group insurance applications within guidelines set for the issuance of policies on a standard or substandard basis. Has authority to approve cases up to 10,000 lives. Provides guidance and work direction to lower-level group underwriters.

The Contributions You’ll Make:

• Provide guidance and work direction to lower-level group underwriters. Provide input to performance reviews.

• Evaluate risk for the most complex group insurance products. Analyze data such as financial condition of the client company, 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. Review 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:

• 8–10 years Stop Loss underwriting experience

• Strong problem-solving and analytical skills

• PC skills including word processing and spreadsheet applications

• Excellent written and oral communication skills

• High School Diploma or GED

Preferred Knowledge & Experience:

• Bachelor’s degree preferred.

#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.

$75,230 - $94,040 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

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 aboutCritical 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.

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