GBS Voluntary Benefits Experienced Underwriter

New York Life Insurance Company; Halifax Regional Municipality; Hybrid; USD 62,000 - 117,000; Full time

Job summary

Join a forward-thinking company that provides comprehensive insurance solutions, contributing to a healthier workforce. In this dynamic role, you'll evaluate risk assessments, underwrite new business opportunities, and collaborate with sales teams to secure profitable growth. Your expertise will influence underwriting practices and contribute to product development discussions. This position offers a hybrid work environment, allowing you to balance work and life effectively while making a significant impact on employees' lives through innovative insurance products.

Benefits

Comprehensive Benefits Package

Leave

Adoption Assistance

Student Loan Repayment

Qualifications

• 1+ year of Group Underwriting or relevant experience.
• Strong organizational and decision-making skills.

Responsibilities

• Evaluate data to develop risk assessments of employer groups.
• Underwrite new business opportunities for various insurance products.

Skills

Organizational Skills

Decision-Making Skills

Financial Acumen

Risk Analysis

Interpersonal Skills

Communication Skills

Presentation Skills

Stakeholder Management

Education

Bachelor's Degree in Business

Job description

Job Requisition ID: 90836

Location Designation: Hybrid - 3 days per week

Group Benefit Solutions delivers comprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life's legacy of being there when we're needed most. Here, you'll design, implement, and support these solutions directly impacting employees' lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.

Alternate locations: Chattanooga, TN; Bloomfield, CT; Kansas City, MO; Phoenix, AZ

Role Overview:

The Group Benefit Solutions Underwriting Organization partners with Sales, Client Management, Pricing, Risk Management, and other business partners to evaluate and manage risk. We analyze employer group characteristics and plan designs to determine appropriate rates across our suite of group insurance products.

This position offers a unique opportunity to join the Underwriting organization's Voluntary Benefits team, which recently launched new Accident Insurance, Critical Illness, and Hospital Indemnity Products.

What You'll Do:

• Evaluate and interpret data from various sources to develop risk assessments of employer groups.
• Consult with sales reps and brokers to explain analyses and collaborate on balancing risk and profit.
• Participate in projects beyond quoting, such as serving as a technical expert, improving processes, or mentoring underwriters.
• Underwrite new business opportunities for Accident Insurance, Critical Illness, and Hospital Indemnity products.
• Perform case-specific risk assessments to develop appropriate premiums.
• Recommend strategies and plan designs to secure new business, collaborating with sales and enrollment teams.
• Manage a growing book of business focusing on profitable growth, persistency, and earnings.
• Partner with sales and brokers to deliver presentations and act as a financial consultant.
• Develop strategic recommendations related to market, products, and pricing.
• Influence underwriting practices and contribute to product development and pricing discussions.
• Represent Underwriting on projects and initiatives.

What You'll Bring:

• Bachelor's degree in a business subject or equivalent experience.
• At least 1 year of Group Underwriting or relevant experience.
• Strong organizational and decision-making skills, with the ability to handle multiple priorities.
• Innovative, self-motivated, and adaptable to change.
• Financial acumen and risk analysis skills.
• Excellent interpersonal, communication, and presentation skills.
• Ability to lead discussions and manage stakeholder relationships.

Locations:

Hybrid Schedule: Philadelphia PA, Kansas City MO, Chattanooga TN, Farmington CT, Phoenix AZ, Fully Remote considered.

Pay Transparency

Salary range: $62,000 - $116,500

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Base salary will depend on experience, skills, qualifications, and location. Employees may also participate in incentive programs.

Our Benefits

We offer a comprehensive benefits package, including leave, adoption assistance, and student loan repayment. Click here to learn more about our benefits or visit our NYL Benefits Site.

Our Diversity Promise

We value diversity, equity, and inclusion as core principles. Learn more about our leadership in this area and our community initiatives.

Recognized as one of Fortune's World's Most Admired Companies, we operate in the best interests of our policy owners. For career opportunities, visit www.NewYorkLife.com.