AVP, Group Underwriting
CT-Work@Home, Connecticut, United States
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:
Leads group underwriting function to achieve company group underwriting objectives Has authority to approve cases up to 10,000+ lives. Develops strategy and policy for group underwriting function.
The Contributions You'll Make:
- Develop strategy and policy for group underwriting function.
- Hire, train and develop staff to achieve group underwriting objectives. Provides regular feedback to underwriters and prepares and delivers performance appraisals.
- Manage group underwriters to ensure consistency in the evaluation of risk for group insurance products. Provides coaching and mentoring to team for the following:
- 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.
- Develop and maintain department budget.
- Participate in product development and enhancements. Represent underwriting/service team perspective …
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Annual cash incentives Incentive opportunities Life Insurance Long-term incentives Remote-first company Sales incentives Tuition reimbursement
Tasks- Analyze data
- Development
- Develop strategy
- Hire and train staff
- Manage underwriting team
- Other duties as assigned
- Participate in product development
- Support
Access Business Business Acumen Coaching Communication Critical thinking Data analysis Education Financial Services Insurance Marketing Mentoring Negotiation Product Development Risk Evaluation Sales Underwriting Written communication
Experience10 years
EducationAdvanced degree Business Equivalent
TimezonesAmerica/Anchorage America/Chicago America/Denver America/Los_Angeles America/New_York Pacific/Honolulu UTC-10 UTC-5 UTC-6 UTC-7 UTC-8 UTC-9