Senior Associate, Medical Underwriter

New York Life•New York, NY

4d•$73,000 - $100,000•Remote

About The Position

As part of New York Life’s Group Membership Association Division, you'll be working with the nation’s No. 1 provider of life and disability income insurance solutions for association/affinity programs. Beyond the tailored life and disability income insurance solutions you provide, your work fosters a sense of community and shared support within affinity groups. Reporting to the Team Manager, the Medical Underwriter, Sr. Associate is responsible for evaluating life insurance applications and determining whether applications should be approved, declined or if additional information is required. The Medical Underwriter is authorized to issue or decline all cases within their authority limit. The Medical Underwriter, Sr. Associate predominately relies on Underwriting Guidelines to evaluate an applicant's risk classification; however, due to the complexity associated with multiple conditions or the diversity of conditions identified within an Attending Physician Statement, they are frequently required to make assessments of applicant risk absent specific direction from the Underwriting Guidelines. Whether synthesizing the mortality risk of medical labs and family history or discounting the mortality risks of highly correlated factors such as motor reports and avocations, Senior Associates are expected to evaluate an applicant's overall risk profile, not simply summing the total from the individual risk factors. Technical leads, Medical Directors and Team Underwriters are available for consult as necessary; but the Medical Underwriter, Sr. Associates are expected to make a decision recommendation, not open-ended requests for insight. As the majority of applications reviewed by this role include Attending Physician Statements, a Sr. Associate must have a working knowledge of medical terminology and awareness of how various medical impairments interact and effect individual mortality and morbidity risk. Interaction with Third Party Administrator personnel is also often needed. Consequently, the Medical Underwriter, Sr. Associates must have strong communication and relationship management skills. They will also be required to meet established production standards and time service standards.

Requirements

Bachelor's degree preferred
3-5+ Years Medical Underwriting experience required
Extensive knowledge of Medical Underwriting for Life Insurance. Disability knowledge is preferred; however, appropriate training will be provided in absence of that experience.
Excellent verbal and written communication skills
Data entry skills
Ability to work in a paperless workflow environment
Ability to prioritize and multitask
Attention to detail and organizational skills
Strong interpersonal skills
Capable of working independently

Responsibilities

Able to produce high volumes of work with quality results
Ability to train new underwriters
Underwrites Life and Disability Income applications
Reviews contestable claims for misrepresentation
Data Entry into Underwriting tracking system
Reviews and evaluates non-standard applications and supporting documents
Ability to differentiate multiple different requirements for numerous associations
Determines if additional documentation is required and requests additional information as needed; decides if applicant is eligible for the plan
Communicates with company employees and Third Party Administrators regarding underwriting procedures and insurance policies