AVP - Stop Loss Underwriting

April 14

🌲 North Carolina – Remote

Although this job is listed in North Carolina, this company may be open to hiring remote in other states.

🍂 Massachusetts – Remote

Although this job is listed in Massachusetts, this company may be open to hiring remote in other states.

+1 more states

🌲 North Carolina – Remote 🍂 Massachusetts – Remote ❄️ Minnesota – Remote

💵 $127.2k - $178.3k / year

⏰ Full Time

🔴 Lead

📋 Underwriter

Apply Now

Receive Emails with Similar Jobs

Voya Financial

WebsiteLinkedInAll Job Openings

Voya Financial is a leading financial services company that provides a wide range of retirement, investment, and insurance products to help individuals, families, and institutions plan, invest, and protect their future. With a focus on retirement savings and workplace benefits, Voya connects benefits and savings to simplify financial experiences and enhance financial security. The company is committed to making a positive difference by serving others through its unique culture, and has been recognized for its values and customer-centric approach. Voya also engages in initiatives like the Voya Behavioral Finance Institute for Innovation to further its mission of transforming financial care in the workplace.

Retirement • Investments • Insurance

5001 - 10000 employees

Founded 1998

💸 Finance

📋 Description

• Lead and oversee the underwriting of medical stop loss policies, ensuring alignment with company risk tolerance and profitability goals. • Evaluate group health plans, claims experience, and risk factors to determine appropriate pricing and coverage terms. • Approve and authorize underwriting decisions within delegated authority, ensuring compliance with internal guidelines and regulatory requirements. • 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 implement underwriting strategies to enhance competitive positioning and market share. • Provide leadership and mentorship to the underwriting team, fostering professional growth and technical expertise. • Collaborate with sales, actuarial, and product development teams to refine underwriting processes and improve overall efficiency. • Participate in product development and enhancements. Represent underwriting/service team perspective based on personal knowledge and experience. Participate in regional marketing rollouts. • Monitor industry trends, regulatory changes, and competitive landscape to adapt underwriting strategies accordingly. • Build strong relationships with brokers, TPAs, and distribution partners to enhance market presence and business opportunities. • Drive process improvements to enhance underwriting efficiency and decision-making accuracy. • Ensure adherence to all compliance, legal, and regulatory requirements in underwriting practices.

🎯 Requirements

• Bachelors Degree in business, finance, actuarial science or related field; advance degree preferred • 7 - 10 years of stop loss underwriting experience, with at least 3 years in a leadership or senior underwriting role • Approval authority up to 10,000+ lives • Strong analytical, financial modeling and risk assessment skills • Deep understanding of stop loss insurance, self-funded health plans and underwriting best practices • Excellent communication skills and negotiation skills, with the ability to interact effectively with brokers, clients and internal stakeholders.

🏖️ Benefits

• Health, dental, vision and life insurance plans • 401(k) Savings plan – 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. • Paid volunteer time — 40 hours per calendar year