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New York Life Insurance Company · 9 hours ago

GBS Voluntary Benefits Experienced Underwriter

Philadelphia, PA

Full-time

Hybrid

Entry Level

$62K/yr - $116K/yr

1+ years exp

New York Life Insurance Company is dedicated to providing comprehensive insurance and absence management solutions. The GBS Voluntary Benefits Experienced Underwriter will evaluate employer group characteristics and plan designs to determine appropriate rates and underwrite new business opportunities in Accident Insurance, Critical Illness, and Hospital Indemnity products.

FinanceFinancial ServicesInsurance

Responsibilities

Evaluate and interpret data from numerous sources, including group demographics, industry research, and other actuarial tools, to develop a risk assessment of each employer group

Consult with sales reps and brokers to explain your analysis and work together to balance risk and profit

Have opportunities for projects outside of quoting, such as serving as a technical expert for our tools, identifying and implementing new processes for efficiency or acting as a trainer or mentor to other underwriters

Underwrite new business opportunities for New York Life Group Benefits Solutions Accident Insurance, Critical Illness, and Hospital Indemnity products

Perform case specific risk assessments to develop appropriate premium rates for presale business to support growth and profitability goals

Recommend strategies and plan designs to win new business opportunities. Proactively engage and consult with Sales partners and Enrollment team to drive successful enrollment results

Manage a growing book of business, focused on attaining profitable growth, persistency, and earnings

Partner with sales department and brokers to deliver customer presentations and act as financial consultant on case-specific issues

Develop strategic recommendations related to market competition, products, and pricing

Influence underwriting best practices and provide input to matrix partners on product development and pricing

Act as a trusted resource and technical expert to team and matrix partners

Represent Underwriting on projects and initiatives

Qualification

Group UnderwritingRisk AnalysisFinancial AcumenData InterpretationPresentation SkillsInnovative ThinkingInterpersonal SkillsOrganizational Skills

Required

Bachelor's degree in a business subject area preferred, or equivalent experience required

Minimum of 1 year of Group Underwriting or other relevant experience required

Ability to establish priorities, confirm and communicate decisions, work on multiple assignments, and adhere to deadlines

Innovative thinker who is self-motivated to learn and look for ways to improve our process

Comfortable dealing with ambiguity and willingness to pivot quickly when needed

Ability to make effective decisions based on independent risk analysis and strong financial acumen

Thorough knowledge of risk levers that influence market and competitive conditions

Strong interpersonal skills that foster collaborative working relationships. Demonstrated ability to balance stakeholder and matrix partner goals to achieve optimal outcome

Strong written and oral communication skills. Ability to analyze and explain complex ideas; persuade and negotiate effectively with the ability to deliver both internal and external presentations

Highly organized and detail oriented. Able to manage time effectively and prioritize workload to meet deadlines

Ability to lead discussions and deliver external presentations and analysis to a diverse client base