Senior Associate, Medical Underwriter

New York Life Insurance Co.; New York (NY); On-site; USD 73,000 - 100,000; Full time

Job summary

New York Life Insurance Co. is seeking a Senior Medical Underwriter to evaluate life and disability income applications and determine approvals, declines, or if additional information is required.

Report to the Team Manager, the role involves synthesizing complex medical data and collaborating with Third Party Administrators. The ideal candidate will have strong medical terminology knowledge, the ability to assess overall mortality/morbidity risk beyond individual factors, and excellent

Qualifications

• 3-5+ years of medical underwriting experience.
• Strong knowledge of life and disability underwriting.
• Excellent verbal and written communication and data entry skills.

Responsibilities

• Underwrites Life and Disability Income applications.
• Reviews contestable claims for misrepresentation.
• Enter data into underwriting tracking system.
• Determines if additional documentation is required and requests it when needed.

Skills

Medical underwriting

Communication skills

Data entry

Multitasking

Attention to detail

Education

Bachelor's degree preferred

Job description

Job DescriptionRequisition ID94827DepartmentGroup MembershipJob FunctionGroup MembershipLocationRemote,New York,United StatesRole Location DesignationFully RemoteLocation Designation: Fully RemoteBusiness Unit OverviewAs 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.Role OverviewReporting 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 vehicle 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.What You’ll DoAble to produce high volumes of work with quality resultsAbility to train new underwritersUnderwrites Life and Disability Income applicationsReviews contestable claims for misrepresentationData Entry into Underwriting tracking systemReviews and evaluates non-standard applications and supporting documentsAbility to differentiate multiple different requirements for numerous associationsDetermines if additional documentation is required and requests additional information as needed; decides if applicant is eligible for the planCommunicates with company employees and Third Party Administrators regarding underwriting procedures and insurance policiesAuthority LimitsLife up to $3MDisability Income up to $20KWhat You’ll BringQualificationsBachelor's degree preferred3-5+ Years Medical Underwriting experience requiredExtensive 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 skillsData entry skillsAbility to work in a paperless workflow environmentAbility to prioritize and multitaskAttention to detail and organizational skillsStrong interpersonal skillsCapable of working independently#LI-KH1 #LI-REMOTEPay TransparencySalary Range: $73,000-$100,000Overtime eligible: ExemptDiscretionary bonus eligible: YesSales bonus eligible: NoActual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.Company OverviewAt New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you’ll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.Our BenefitsWe provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.Our Commitment to InclusionAt New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.Job Requisition ID: 94827