Job title: Underwriting Analyst – New York Life Group Benefit Solutions

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Company: New York Life

Job description: When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

GBS

LAUNCH your career with New York Life Group Benefit Solutions as a Full-Time Underwriting Analyst!

LAUNCH, which stands for Leadership and Underwriting for New Career Hires, is designed to help you accelerate your underwriting career and establish early professional success. LAUNCH focuses on comprehensive technical training, hands-on learning, mentor support, and numerous other professional development experiences and opportunities. There are opportunities to start the LAUNCH Program in January 2023 and June 2023.

As part of our Group Benefit Solutions Underwriting team, you will have a direct impact on the financial results of our business while helping us deliver on a longstanding commitment of providing financial protection and peace of mind to the millions we serve. As an Underwriting Analyst, you will develop skills across several business competencies including:

Risk Assessment/Management

• Assess the risk of prospective and inforce clients to underwrite insurance policies within Group Benefit Solutions product portfolio: Life, Accident, Disability, and Absence Administration.
• Effectively communicate price, profitability, and risk profile of opportunities with internal matrix partners
• Contribute directly to company financial goals through daily client level risk assessment decisions while balancing and maintaining favorable financial outcomes at a broader book of business level

Collaboration & Consultation

• Actively partner with other underwriting team members to quickly and effectively solve problems both internal and external to Group Benefit Solutions Underwriting
• Negotiate with matrix partners to find creative and collaborative solutions that create long-term value for both our clients and our organization

Professional Development & Leadership

• Active engagement and involvement in the LAUNCH Program over the course of your first year
• Responsibility for continuous learning and development through both structured and non-structured learning opportunities beyond year one in the role
• Develop a growth mindset that embraces challenges, quickly learns from and applies feedback, and finds lessons and inspiration from the success of team members

Time & Priority Management

• Act with a sense of urgency to meet assigned deadlines for specified tasks
• Ability to use sound judgement when prioritizing several tasks at once

What You’ll Do

As a Full-Time Underwriting Analyst in the LAUNCH Program, you can expect a structured start to your career that includes foundational training consisting of 2-3 sessions during your first year. Below is a sample timeline of what you can expect in year one and beyond:

Your First Year

• Participate in structured training sessions in the LAUNCH Program that focuses on technical training as well as professional development opportunities. These sessions will consist of both classroom and hands-on learning opportunities that establishes a solid foundational knowledge of underwriting concepts and principles.
• Following each session, you will apply the concepts and principles learned in the program by working on active business opportunities that will become larger and more complex opportunities alongside your mentor as you continue to work towards greater independence in your daily work and decision-making skills.

After Your First Year

• You will have completed the LAUNCH Program and will immediately begin directly contributing to our business goals and results as an Underwriter. You will be assigned to support a Sales Region, manage an inforce book of business, and own more and more of the daily decision-making process.
• When the LAUNCH Program is completed, there will continue to be training opportunities for you to enhance your underwriting knowledge through organizational Group Benefit Solution training sessions as well as manager and mentor coaching and feedback.
• In addition to your core Underwriting responsibilities, there also exists many project opportunities that will allow you to engage with and build a network of peers both within Underwriting and across other New York Life departments.

Where You’ll Work

The Underwriting Analyst position is located in the Philadelphia Underwriting hub. The Philadelphia hub is located in the heart of the city at Two Liberty Place surrounded by all of the wonderful things Philly has to see and do. The Philadelphia hub is the largest NY Life Group Benefit Solutions Underwriting hub with a diverse group of talented individuals with a variety of backgrounds and experience levels. Over the years, we have continually grown our Philadelphia team through on campus recruiting efforts at several local universities.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the . We’re proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit , our and the page of .

Job Requisition ID: 87243

Expected salary:

Location: Philadelphia, PA

Job date: Wed, 19 Oct 2022 22:11:13 GMT

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