Lead Stop Loss Group Underwriter

Minneapolis, Minnesota, United States

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$60,000 – $90,000Compensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Risk ManagementIndustries

Requirements

Candidates should possess a Bachelor’s degree, preferably, and a minimum of 10 years of experience in Stop Loss underwriting. Strong problem-solving and analytical skills are required, along with proficiency in PC applications such as word processing and spreadsheet software. Excellent written and oral communication skills, combined with strong decision-making and negotiation abilities, are also necessary.

Responsibilities

The Lead Stop Loss Group Underwriter will independently underwrite Stop Loss submissions according to established guidelines and authority limits, reviewing large claim data and projecting ongoing risk with clinical staff. They will appropriately document case thought processes, share knowledge with other underwriters and sales colleagues, participate in projects focused on continuous improvement, and build relationships with co-workers. Additionally, the role involves assisting with the execution of projects and performing other duties as assigned.

Skills

Stop Loss Underwriting

Risk Assessment

Claim Data Analysis

Data Projection

Documentation

Communication (Written & Oral)

Negotiation

Decision-Making

Voya Financial

Provides financial services and retirement solutions

About Voya Financial

Voya Financial offers a range of financial services, including retirement plans, investment management, and insurance products, to help individuals and businesses achieve financial wellness. Their services cater to individuals seeking retirement planning, employers looking to enhance employee benefits, and institutions needing tailored investment management. Voya stands out from competitors through its commitment to inclusiveness and corporate responsibility, which helps attract clients and talent. The company's goal is to build long-term relationships with clients, ensuring they achieve financial confidence and a fulfilling life.

New York City, New YorkHeadquarters

2014Year Founded

IPOCompany Stage

Fintech, Financial ServicesIndustries

5,001-10,000Employees

Benefits

Health Savings Account (HSA)

Flexible Spending Accounts (FSA)

Rally wellness program

Employee Assistance Program (EAP) and Work Life Services

Behavioral Health Family Support Program

Livongo support for diabetes, hypertension, and weight management

AccessHope cancer support

Wellthy caregiving assistance

Back-up child care and elder care

Health Advocate

ABLE accounts

Legal insurance

Identity theft protection

Voya Foundation Matching Gift Program

Risks

Increased competition from fintech companies may erode Voya's market share.

Operational challenges in integrating OneAmerica's business could affect service quality.

Regulatory scrutiny on fees may impact Voya's pricing strategies and profitability.

Differentiation

Voya's commitment to inclusiveness and corporate responsibility sets it apart in the market.

The acquisition of OneAmerica's retirement plan business expands Voya's client base significantly.

Voya's focus on digital financial planning tools enhances client engagement and satisfaction.

Upsides

Voya's ESG commitment aligns with the growing investor focus on sustainable investing.

The financial wellness market's growth offers significant opportunities for Voya's programs.

AI integration in investment management can enhance Voya's strategies and client outcomes.

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