Senior Group Underwriter

Voya Financial•Minneapolis, MN

4d•Hybrid

About The Position

Independently underwrites difficult and complex group insurance applications within established guidelines, determining whether policies should be issued on a standard or substandard basis. The role has authority to approve cases up to 5,000 lives and provides training and guidance to lower-level group underwriters. The position may be performed 100% remotely from home or from a major Voya office on a hybrid schedule. The Senior Group Underwriter evaluates risk, analyzes client and employee-group information, establishes appropriate pricing and funding methods, and coordinates underwriting for proposals, new cases, renewals, and amendments. The role also reviews cases that exceed other underwriters’ review authority, contributes to division profitability, participates in product development and regional marketing rollouts, and maintains relationships with field personnel and clients.

Requirements

High school diploma or GED.
4–6 years of Stop Loss 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 training and guidance to lower-level group underwriters.
Evaluate risk for complex group insurance products.
Analyze client financial condition, employee-group characteristics, participation percentage, industry type, and past claims experience to determine benefits and rates.
Ensure proper pricing and appropriate funding methods.
Coordinate underwriting activities for proposals, new cases, renewals, and amendments.
Ensure the company can administer a client’s proposed benefit plan design and funding method.
Build and maintain relationships with field personnel and clients by answering general questions and obtaining information for underwriting decisions.
Document and communicate decisions to relevant areas of the division.
Review cases that exceed an underwriter’s review level.
Contribute to division profitability by assessing client profitability through experience and expense analysis and monitoring product-line performance.
Participate in product development and enhancements.
Represent the underwriting and service team perspective using personal knowledge and experience.
Participate in regional marketing rollouts.
Perform other duties as assigned.

Benefits

Health insurance
Dental insurance
Vision insurance
Life insurance
401(k) savings plan with company matching contributions up to 6%
Employer-paid Voya Retirement Plan cash balance contribution of 4%
Tuition reimbursement up to $5,250 per year
20 days of paid time off
Nine paid company holidays
Flexible Diversity Celebration Day
40 hours of paid volunteer time per calendar year
Incentive opportunities, which may include annual cash incentives, sales incentives, and/or long-term incentives, depending on the role