Voya Financial

Stop Loss Group Underwriter

United States

Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Financial ServicesIndustries

Position Overview

  • Location Type: Remote
  • Employment Type: Full-time
  • Salary: (Salary information is missing from the provided text)

This role involves underwriting intermediate-level group insurance applications, evaluating risk, and ensuring proper pricing and funding methods. The Underwriter will have authority to approve cases up to 3,000 lives.

Requirements

  • High School Diploma or GED
  • 2-4 years of Stop Loss group underwriting experience
  • Strong problem-solving and analytical skills
  • PC skills including word processing and spreadsheet applications
  • Excellent written and oral communication skills

Responsibilities

  • Evaluate risk for group insurance products.
  • Analyze data (financial condition, employee groups, participation, industry, 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 the company can administer the client’s proposed benefit plan design and funding method.
  • Develop and maintain relationships with field personnel and clients.
  • Explain and defend underwriting courses of action.
  • Document and communicate decisions to necessary areas.
  • Review cases exceeding underwriter’s review level.
  • Contribute to total division profitability by analyzing client profitability.
  • Other duties as assigned.

Compensation Pay Disclosure

  • Voya is committed to pay that’s fair.

Preferred Knowledge & Experience

  • Bachelor’s degree preferred.

Additional Information

  • The role focuses on supporting Voya’s mission of providing access to financial opportunities.
  • The company values diversity and inclusion.

Skills

Risk Evaluation
Financial Analysis
Underwriting
Data Analysis
Communication Skills
Problem-Solving
Analytical Skills
PC Skills (Word Processing, Spreadsheets)

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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