Underwriting Analyst - New York Life Group Benefit Solutions

Location Designation: Hybrid 

 

 

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.

 

 

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. There are opportunities to start the LAUNCH Program in [January 2024] and [June 2024].  

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 and inforce clients within Group Benefit Solutions product portfolio: Life, Accident, Disability, and Absence Administration 

• 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 at a broader book of business level 

Collaboration & Consultation 

• Partner with other underwriting team members to 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 

• Continuous learning and development through both structured and non-structured training opportunities beyond year one in the role 

• Develop a growth mindset that welcomes challenges, quickly 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 consisting of multiple training 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 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 Your First Year 

• You will have completed the LAUNCH Program and will continue 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 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 and manager and mentor coaching and feedback. 

• 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. 

 

Where You’ll Work