Voya Financial, Inc

Sr. Group Underwriter Stop Loss

Voya Financial, Inc$78K — $98K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 4-6 years underwriting experience
  • Strong problem-solving and analytical skills
  • Proficient in word processing and spreadsheet applications
  • Excellent written and oral communication skills
  • Bachelor's degree or equivalent preferred
  • Strong Excel skills preferred
  • Clinical knowledge of large claims diagnosis preferred

Responsibilities

  • Underwrite complex Stop Loss insurance applications and renewals independently
  • Train and provide guidance to junior underwriters
  • Evaluate risk and analyze relevant data to determine benefits and pricing
  • Coordinate all underwriting activities for proposals, renewals, and amendments
  • Contribute to division profitability through client profitability analysis
  • Engage in product development and marketing initiatives
  • Perform other duties as assigned

Benefits

  • Health, dental, vision, and life insurance plans
  • 401(k) with generous matching contributions
  • Employer-funded cash balance retirement plan
  • Tuition reimbursement up to $5,250 per year
  • 20 days of paid time off and nine holidays
  • 40 hours of paid volunteer time per year
  • Flexible Diversity Celebration Day
Full Job Description
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 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

About Voya Financial, Inc

Voya Financial, Inc. is an American financial, retirement, investment, and insurance company based in New York City. The company was formed in 1991 as ING U.S., Inc. and was renamed Voya Financial in 2014. Voya Financial operates in the United States and has more than 6,000 employees. The company provides retirement, investment, and insurance solutions to individuals and businesses.
Learn more about Voya Financial, Inc
Size
6,000 employees
Market Cap
$5.8 billion
Industry
Net Income
-$206 million
Founded
1991
5 Year Trend
-13.7%
Revenue
$7.7 billion
NASDAQ

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