Senior Associate Underwriter (Remote)

New York Life Insurance Company is the largest mutual life insurance company in the United States. Founded in 1845 and headquartered in New York City, New York Life reported 2017 operating earnings of $2.06 billion. Total assets under management at year end 2017, with affiliates, totaled $586 billion.

 

New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody’s Aaa; Standard & Poor’s AA+ (Source: Individual independent rating agency commentary as of 8/1/17).

 

Financial strength, integrity and humanity—the values upon which New York Life was founded—have guided the company’s decisions and actions for over 170 years.

 

 

Reporting to a Team Manager, the Sr. Associate is responsible for evaluating life insurance applications and determining whether applications should be approved, declined or if additional information is required. Sr. Associates are authorized to issue or decline all cases with 2-Year Total Amount at Risk of $2,499,999 or less. For cases $500,000 or less they are primarily responsible for reviewing cases with an Attending Physician Statement and a Tax Return validation (TRV). Above $500,000 they are responsible for the entire case. Sr. Associates are also responsible for managing relationships with Agents and service personnel at their designated General Office(s).

Senior Associate predominantly rely 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 vehicle reports and avocations, Sr. Associates are expected to evaluate an applicant's overall risk profile, not simply summing the total from individual risk factors. Technical Leads, Medical Directors and Team Underwriters are available for consult as necessary; but 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 risk. They also work closely with General Office personnel and may, at times, speak directly with agents. Consequently, Sr. Associate must have strong communication and relationship management skills. Sr. Associates will be required to meet established production standards, time service standards, and will have daily phone interaction with Agents and General Offices.

 

Qualifications

 

  • Bachelor Degree preferred
  • Minimum of 5-7 years Life Underwriting experience.
  • Strong oral and written communication skills, strong customer service skills.
  • Strong interpersonal skills, excellent teamwork
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EOE M/F/D/V

 

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