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Sr Group Life Underwriter

Company

Voya Financial

Address , Remote
Employment type FULL_TIME
Salary
Expires 2023-11-20
Posted at 8 months ago
Job Description
Together we fight for everyone’s opportunity for a better financial future.
We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today.
Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.
Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now
Get to Know the Opportunity:
Independently underwrites the more difficult group life insurance 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.
Please Note: Work location for this role is FLEXIBLE! This position allows 100% remote work from home or allows work to be performed in any of our major office locations with a hybrid schedule.
The Contributions You’ll Make:
  • Evaluate risk for the more 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. 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.
  • Other duties as assigned.
  • Participate in product development and enhancements. Represent underwriting/service team perspective based on personal knowledge and experience. Participate in regional marketing rollouts.
  • Provide training and guidance to lower-level group underwriters.
Minimum Knowledge & Experience:
  • Excellent written and oral communication skills
  • 4-6 years group life underwriting experience including both manual and experience rating
  • High School Diploma or GED
  • PC skills including word processing and spreadsheet applications
  • Strong problem-solving and analytical skills
Preferred Knowledge & Experience:
  • Bachelor’s degree or equivalent preferred
#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.
$70,970 - $88,710 USD
Be Well. Stay Well.
Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.
What We Offer
  • 401(k) Savings plan – with generous company matching contributions (up to 6%)
  • Health, dental, vision and life insurance plans
  • Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
  • Voya Retirement Plan – employer paid cash balance retirement plan (4%)
  • Paid volunteer time — 40 hours per calendar year
  • Tuition reimbursement up to $5,250/year

Critical Skills
At Voya, we have identified the following critical skills which are key to success in our culture:
  • Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
  • Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
  • Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
  • Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
  • Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.

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
We are committed to maintaining a diverse workforce. This commitment governs all decisions related to employment, including selection, development and compensation. It also includes an employee’s request for reasonable accommodation. All employees will be treated in a manner free from discrimination or harassment. Voya is committed to providing equal employment opportunities for persons with disabilities, including reasonable accommodation when needed.