Senior Underwriter, Group Benefits — Hybrid/Remote Impact

New York Life Insurance Co.; Philadelphia (Philadelphia County); Hybrid; USD 75,000 - 90,000; Full time

Benefits offered by this job

Hybrid work option

Job summary

New York Life Insurance Co. seeks an experienced Group Benefits Underwriter to evaluate employer group risk, set premium rates and balance profitability with competitive pricing.

Work across Sales, Client Management, Pricing, Risk Management and other partners to support growth, while mentoring junior underwriters in risk assessment and technical skills. Hybrid work schedule across multiple locations.

Qualifications

• Bachelor's degree or equivalent work experience.
• 5+ years of Group Life, Accident, Long Term Disability, Short Term Disability, and Absence underwriting, or other relevant experience.
• Demonstrated knowledge of large employer groups with multi-carrier product offerings.
• Thorough knowledge of risk factors that influence market and competitive conditions.
• Ability to communicate complex ideas, persuade and negotiate effectively.

Responsibilities

• Perform case specific risk analysis to develop appropriate premium rates for a given risk.
• Responsible for account level rate development and customer negotiations with Sales on complex book of business.
• Develop strategic recommendations related to market competition, products, and pricing.
• Manage an assigned book of business focused on profitable growth, persistency, and earnings.
• Partner with sales and brokers to deliver customer presentations as a financial consultant on case issues.
• Influence underwriting best practices and provide input to product development and pricing.
• Mentor and train less tenured underwriters and raise risk management competency.

Skills

Underwriting experience

Negotiation

Financial acumen

Risk assessment

Data interpretation

Presentation skills

Communication

Mentoring

Education

Bachelor's degree or equivalent

Job description

New York Life Insurance Co. seeks an experienced Group Benefits Underwriter to evaluate employer group risk, set premium rates and balance profitability with competitive pricing.

Work across Sales, Client Management, Pricing, Risk Management and other partners to support growth, while mentoring junior underwriters in risk assessment and technical skills. Hybrid work schedule across multiple locations.