Sr. Stop Loss Group Underwriter

United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, InsuranceIndustries

Requirements

Candidates should possess 8-10 years of Stop Loss underwriting experience, demonstrating a strong understanding of complex group insurance applications and risk assessment. They must be able to evaluate data such as financial condition, employee group characteristics, and past claim experience to determine benefits and rates.

Responsibilities

The Sr. Stop Loss Group Underwriter will independently underwrite Stop Loss applications, providing guidance to lower-level underwriters and approving cases up to 10,000 lives. They will analyze data to ensure proper pricing and funding methods, coordinate underwriting activities, and maintain relationships with field personnel and clients. Additionally, they will contribute to total division profitability through experience and expense analysis, participate in product development, and represent the underwriting/service team perspective.

Skills

Stop Loss Underwriting

Group Insurance

Risk Evaluation

Data Analysis

Financial Analysis

Client Financial Condition Analysis

Employee Group Characteristics Analysis

Participation Percentage Analysis

Industry Analysis

Claim Experience Analysis

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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