Lead Stop Loss Group Underwriter

Voya Financial • Minneapolis, MN

7d • Onsite

About The Position

Independently underwrites 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.

Requirements

• High School Diploma or GED
• 6-8 years underwriting experience
• Strong problem-solving and analytical skills
• PC skills including word processing and spreadsheet applications
• Excellent written and oral communication skills

Nice To Haves

• Bachelor’s degree preferred

Responsibilities

• 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.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED