Lead Group Underwriter in Minneapolis, MN at Voya

Date Posted: 4/4/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    20 South Washington Avenue
    Minneapolis, MN
  • Job Type:
    Other
  • Experience:
    Not Specified
  • Date Posted:
    4/4/2018

Job Description

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Profile Summary


Voya Financial is looking to hire a Lead Group Underwriter that will independently underwrite complex group insurance cases for Voluntary products (Critical Illness, Accident, Hospital Indemnity, Whole Life).  Has authority to approve cases up to 20,000 lives.  Provides guidance and work direction to lower level group underwriters. While preference is to hire this role in Minneapolis we will entertain other Voya locations for the right candidate.


Profile Description

  • Provide guidance and work direction to lower level group underwriters.  Provide 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 on which 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.  Represent underwriting/service team perspective based on personal knowledge and experience.  Participate in regional marketing roll outs.
  • Other duties as assigned.

Skills/Knowledge/Abilities

  • Bachelor’s degree or equivalent
  • 6-8 years underwriting experience
  • Strong problem-solving and analytical skills
  • Strong negotiation skills
  • Able to find creative solutions to mitigate risk in key opportunities
  • Excellent written and oral communication skills
  • PC skills including word processing and spreadsheet applications

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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.