Job Requisition ID: 94782
Location Designation: Hybrid 3 days per week
Hybrid: In office Tuesday, Wednesday and Thursday; Remote on Monday and Friday
In-office means one of our designated UW locations: Philadelphia, PA • Chattanooga, TN • Farmington, CT • Phoenix, AZ • Overland Park, KS
Group Benefit Solutions delivers comprehensive insurance and absence management solutions for mid-sized, and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life’s legacy of being there when we’re needed most. Here, you’ll design, implement, and support these solutions directly impacting employees’ lives. At our core, we provide financial security and peace of mind to people through our solutions. Click here to learn more about Group Benefits solutions.
About This Job
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 professional development opportunities.
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 Management & Assessment
• Assess the risk and underwrite prospective clients within Group Benefit Solutions product portfolio: Life, Accident, Disability, Absence Administration, and Voluntary Benefits
• Communicate pricing, profitability, and risk profile of clients with internal matrix partners
• Contribute directly to company financial goals through risk decisions while balancing and maintaining favorable financial outcomes
Collaboration & Consultation
• Partner with other underwriting team members to effectively solve problems
• 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
• Continuous learning and development through both structured and non-structured training opportunities beyond your first year
• Develop a growth mindset that embraces challenges, learns from and applies feedback, and finds 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 during your first year.
LAUNCH Training
• Participate in structured training sessions in the LAUNCH Program focusing on technical training and professional development opportunities. These sessions will consist of both classroom and hands-on learning opportunities that establish 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 eventually become larger and more complex. You will work alongside your mentor as you gain independence in your daily work and decision-making skills.
After LAUNCH Training
• You will be assigned to support a sales region, and own more of the daily decision-making process.
• You will continue to participate in training opportunities to enhance your underwriting knowledge through organizational Group Benefit Solution training sessions, coaching, and feedback from mentors and managers.
• In addition to your core Underwriting responsibilities, there also exist 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.
Qualifications
To join our dynamic team as a Full-Time Underwriting Analyst, you should have:
· Bachelor’s degree in the following majors and/or minors are preferred: Risk Management, Economics, Finance, Accounting, Mathematics, Data Analytics, Business Management, or a related field
· Strong analytical and problem-solving skills
· Preferred 3.0 GPA or higher
· 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%)
