Senior Group Underwriter

Voya Financial • Minneapolis, MN

6d • $78,990 - $98,740

About The Position

Independently underwrites more difficult group insurance applications within established guidelines for issuing policies on a standard or substandard basis, with authority to approve cases up to 5,000 lives. The role provides training and guidance to lower-level group underwriters and reviews cases that exceed other underwriters’ review levels.

The Senior Group Underwriter evaluates risk for complex group insurance products, analyzes client and employee-group information to determine benefits and rates, and supports proper pricing and funding methods. The role coordinates underwriting activities for proposals, new cases, renewals, and amendments; confirms that proposed benefit designs and funding methods can be administered; and communicates with field personnel and clients to gather information and answer questions.

The position also contributes to division profitability through client profitability and product-line analysis, participates in product development and enhancements, and represents the underwriting and service team in regional marketing rollouts. The position may be performed remotely from home or from a major Voya office on a hybrid schedule.

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 percentages, 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 proposed benefit plan designs and funding methods can be administered by the company.
• 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 attention to product-line performance.
• Participate in product development and enhancements, representing the underwriting and service team perspective.
• Participate in regional marketing rollouts.
• Perform other duties as assigned.

Benefits

• Health, dental, vision, and life insurance plans.
• 401(k) savings plan with company matching contributions up to 6%.
• Employer-paid Voya Retirement Plan with a 4% cash balance contribution.
• Tuition reimbursement up to $5,250 per year.
• 20 days of paid time off, nine paid company holidays, and a flexible Diversity Celebration Day.
• 40 hours of paid volunteer time per calendar year.
• Incentive opportunities, including annual cash incentives, sales incentives, and/or long-term incentives, based on role and achievement of annual performance objectives.

What This Job Offers

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