Senior Associate, Underwriter

New York Life • Philadelphia, PA

4d • $75,000 - $90,000 • Hybrid

About The Position

The Underwriter works within New York Life’s Group Benefit Solutions Underwriting Organization, which partners with Sales, Client Management, Pricing, Risk Management, and other business partners to evaluate and manage risk. The organization analyzes employer group characteristics and plan designs to determine appropriate rates for Life, Accident, Disability, and Absence products, supporting portfolio growth, profitability, and persistency.

The role uses underwriting expertise to determine plan designs and rates for employer group clients. It evaluates and interprets data from sources such as group demographics, industry research, and actuarial tools to assess risk, and works with sales representatives and brokers to explain analyses and balance risk and profit. The position also offers opportunities to improve processes and to train or mentor other underwriters.

This role primarily follows a hybrid schedule, with remote work on Mondays and Fridays and on-site work Tuesdays through Thursdays. Listed office locations are Philadelphia, Pennsylvania; Bloomfield, Connecticut; Chattanooga, Tennessee; Overland Park, Kansas; and Phoenix, Arizona.

Requirements

• Bachelor’s degree or equivalent work experience.
• At least 5 years of Group Life, Accident, Long Term Disability, Short Term Disability, and Absence underwriting experience, or other relevant experience.
• Demonstrated knowledge of large employer groups with multi-carrier product offerings and awareness of marketing drivers beyond group-insurance-specific dynamics.
• Thorough knowledge of risk factors that influence market and competitive conditions.
• Ability to make effective decisions based on strong knowledge of financial and risk levels, both internal and external.
• Strong time-management skills; highly organized and detail-oriented.
• Ability to foster strong working relationships.
• Strong interpersonal and communication skills.
• Ability to communicate complex ideas and persuade and negotiate effectively.
• Ability to lead discussions and deliver external presentations and analysis to a diverse client base.

Responsibilities

• Perform case-specific risk analysis and develop appropriate premium rates to support market growth and profitability goals.
• Develop account-level rates and conduct customer negotiations with Sales for a more complex book of business.
• Develop strategic recommendations related to market competition, products, and pricing.
• Manage an assigned book of business, focusing on profitable growth, persistency, and earnings.
• Partner with Sales and brokers to deliver customer presentations and serve as a financial consultant on case-specific issues.
• Influence underwriting best practices and provide input to matrix partners on product development and pricing.
• Mentor and train less-tenured underwriters, supporting their understanding of risk management and underwriting and developing their technical knowledge and competency.
• Act as a trusted resource and technical expert to the team and matrix partners.
• Evaluate and interpret employer-group data, including demographics, industry research, and actuarial tools, to develop risk analyses.
• Consult with sales representatives and brokers to explain analyses and balance risk and profits.

Benefits

• Annual discretionary bonus; employees may also be eligible to participate in an incentive program.
• Leave programs.
• Adoption assistance.
• Student loan repayment programs.
• Comprehensive employee benefits package.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior