Sr. Group Underwriter Stop Loss

Voya Financial • Minneapolis, MN

10d • $78,990 - $98,740 • Hybrid

About The Position

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. This position will be performed in proximity of our MN location with a hybrid schedule.

Requirements

• 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

Nice To Haves

• Bachelor’s degree or equivalent
• Strong Excel Skills
• Large claims diagnosis clinical knowledge

Responsibilities

• 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.

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: Associate degree