AVP – Stop Loss Underwriting
| Company | Voya Financial |
|---|---|
| Location | Boston, MA, USA, Minneapolis, MN, USA, Atlanta, GA, USA |
| Salary | $127160 – $178320 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior, Expert or higher |
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.
Responsibilities
- 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.
Preferred Qualifications
-
No preferred qualifications provided.