Stop Loss: Group Underwriting (Various Levels)

About the Role

Voya’s Employee Benefits division is seeking Stop Loss Underwriters to evaluate employer group medical stop loss submissions and support underwriting decisions for both new business and renewal opportunities. This role analyzes risk and pricing factors, including group demographics, claim experience, large claimant activity, participation, plan design, contract terms, funding arrangements, and overall profitability, while ensuring proposed stop loss coverage aligns with underwriting guidelines and can be effectively administered. The underwriter partners with internal teams, field personnel, brokers, and clients to gather information, communicate decisions, and support competitive, financially sound solutions across the stop loss book of business.

Successful candidates bring strong analytical judgment, attention to detail, problem-solving ability, and clear communication skills, with responsibilities and approval authority increasing by level.

Key Level Differences

• Associate Group Underwriter: Entry-level underwriting role working under direct supervision on basic group insurance applications; approval authority up to 1,000 lives; typically requires 0–2 years of underwriting experience.
• Senior Group Underwriter: Independently underwrites more difficult and complex group insurance applications; approval authority up to 5,000 lives; typically requires 3–4 years of group underwriting or voluntary benefits experience; may provide training and guidance to lower-level underwriters.
• Lead Group Underwriter: Independently underwrites the most complex cases and provides broader guidance, work direction, training, and quality/performance input; approval authority up to 10,000 lives; typically requires 5–8 years of underwriting experience, with supplemental health experience preferred.

Pay

The annual base salary range for this position is $80,000 - $120,000, aligned to experience. In addition to base salary, Voya offers incentive opportunities (e.g., annual cash incentives, sales incentives, and/or long-term incentives) based on role to reward achievement of performance objectives. Salaries for part-time roles will be prorated based on agreed-upon hours. Actual compensation may vary based on geographic location, work experience, education, licensure, and skill level.

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

Skills

At Voya, the following critical skills are key to success in our culture:

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