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 Phoenix Underwriting hub. The Phoenix hub is located at the High Street Plaza near Desert Ridge Marketplace. The Phoenix hub is one of our fastest growing NY Life Group Benefit Solutions Underwriting hubs. Our team includes a diverse group of talented individuals with a variety of backgrounds and experience levels. Over the last five years, we have continually grown our Phoenix team through on campus recruiting efforts at several local universities.

Qualifications

To join our dynamic team as a Full-Time Underwriting Analyst, you should have:

• A bachelor’s degree; majors or minors in one of these concentrations is preferred, but not required: Risk Management, Economics, Finance, Accounting, Management, Mathematics, Business
• Strong analytical and problem-solving skills
• 3.0 GPA or higher preferred
• High comfort level with math/numbers
• Excellent verbal and written communication skills
• A passion and dedication to becoming a leader within the financial services industry
• Strong business acumen along with leadership and innovative thinking skills with a focus on customer-centricity
• Some travel may be required (

10%)

About New York Life Insurance Company

Hiring and Developing Entrepreneurial People Who Are Interested in a Career in Financial Services

As a mutual company, with no investors or outside owners, New York Life is uniquely aligned with our clients’ interests and priorities. We deeply appreciate the difference we can make in the lives of individuals and families, both in the work we do every day and our commitment to the communities where we work and live.

We pride ourselves on our inclusive culture, training, and career opportunities. It should not be surprising that when you work at New York Life-whether as an agent or as one of our valued corporate employees-you’re backed by unyielding support, development, and resources.

Here at New York Life we offer employee resource groups. Employees representing unique cultures, experiences, and backgrounds, these groups do much more than raise awareness of diversity & inclusion. Throughout the year, these groups coordinate professional and personal development seminars and workshops, conduct networking events, host special guest speakers, raise funds for worthy causes, and mentor colleagues.

When individuals succeed, we succeed as a team. And from there we keep building a workplace of leaders. That’s why it has always been important to us to invest in a wide variety of development tools and benefits that protect and motivate our workforce. We’re here to support you in realizing your highest potential. If your career is important to you, and you thrive on personal growth and professional challenges, we invite you to explore professional career opportunities at New York Life.

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: 87244

Expected salary:

Location: Phoenix, AZ

Job date: Wed, 19 Oct 2022 22:07:37 GMT

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