This site uses cookies. To find out more, see our Cookies Policy

Sr Group Underwriter - Stop Loss in Minneapolis, MN at Voya

Date Posted: 1/19/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    1/19/2019

Job Description

As part of the application process, a candidate account is required to log in and view application(s).  Please be sure to check email regularly for information regarding our employment process.

Profile Summary

Independently underwrites the more difficult group insurance applications within guidelines set for the issuance of policies on a standard or substandard basis.  Has authority to approve cases up to 5,000 lives.  Provides training and guidance to lower level group underwriters.

Profile Description

  • Provide training and guidance to lower level group underwriters.
  • Evaluate RFPs & Current clients medical Stop Loss risk. Analyze data such as financial condition of the client company, characteristics of employee groups, participation percentage, type of industry, or past large claim experience to determine risk 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 claims approach. 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 Stop Loss product performance
  • Participate in product development and enhancements. Represent underwriting/service team perspective based on personal knowledge and experience. Participate in regional marketing rollouts.
  • Enhance the current stop loss underwriting process through active participation in continuous improvement
  • Other duties as assigned.

Skills/Knowledge/Abilities

  • Bachelor’s degree or equivalent
  • 4-6 years underwriting experience
  • 2-3 years Stop Loss Industry Experience
  • Strong problem-solving and analytical skills
  • PC skills including word processing and spreadsheet applications
  • Excellent written and oral communication skills

#CB, #LI-JS1

Critical Skills
At Voya, we have identified the following critical skills which are key to success in our culture: 

  • 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.

CHECK OUT OUR SIMILAR JOBS

  1. Underwriter Jobs
  2. Commercial Underwriter Jobs