Voya Financial

Senior Stop Loss Group Underwriter

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Senior Stop Loss Underwriter

Employment Type: Full-time

Position Overview

Together we fight for everyone’s opportunity for a better financial future. We believe that every individual and every community deserves access to financial opportunities. This role involves independently underwriting complex group insurance applications within guidelines for issuing policies on a standard or substandard basis. The position has authority to approve cases up to 10,000 lives and provides guidance to lower-level group underwriters.

Responsibilities

  • Provide guidance and work direction to lower-level group underwriters.
  • Contribute 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 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, representing the underwriting/service team perspective.
  • Participate in regional marketing rollouts.
  • Other duties as assigned.

Minimum Knowledge & Experience

  • 8–10 years Stop Loss underwriting experience.
  • Strong problem-solving and analytical skills.
  • PC skills including word processing and spreadsheet applications.
  • Excellent written and oral communication skills.
  • High School Diploma or GED.

Preferred Knowledge & Experience

  • Bachelor’s degree preferred.

Company Information

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities. Voya believes in being bold and committed to action. We are committed to a work environment where differences are understood, valued, and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now!

Application Instructions

Please apply to be considered for this opportunity.

#LI-IB1 #Remote

Skills

Underwriting
Risk Analysis
Data Analysis
Group Insurance
Financial Evaluation
Policy Approval

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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