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Sr. Group Underwriter Stop Loss
Career Insights for Insurance Underwriter (General)
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Scorecard
Based on Minnesota data
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What they do
An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.
$73,480 / year median in Minnesota
-12% projected decline
Job Description
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Opportunity:
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.Please Note:
This position will be performed in proximity of our MN location with a hybrid scheduleThe Contributions You'll Make:
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.Minimum Knowledge & Experience:
4-6 years underwriting experience Strong problem-solving and analytical skills PC skills including word processing and spreadsheet applications Excellent written and oral communication skillsPreferred Knowledge & Experience:
Bachelor's degree or equivalent Strong Excel Skills Large claims diagnosis clinical knowledge #LI-IB1 #Remote Compensation Pay Disclosure:
Voya is committed to pay that's fair and equitable, which means comparable pay for comparable roles and responsibilities. The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting. Actual compensation offered may vary from the posted salary range based upon the candidate's geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked. $78,990- $98,740 USD Be Well.
- 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.
Customer Focused :
Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.Critical Thinking :
Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.Team Mentality :
Partnering effectively to drive our culture and execute on our common goals.Business Acumen :
Appreciation and understanding of the financial services industry in order to make sound business decisions.Learning Agility :
Openness to new ways of thinking and acquiring new skills to retain a competitive advantage. Learn more about Critical Skills Equal Employment Opportunity Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law. Reasonable Accommodations Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities . Misuse of Voya's name in fraud schemesBenefits
- Paid Time Off (PTO)
- Volunteer Time Off (VTO)
- Financial Aid/Assistance
- 401(k) Plans