GBS Voluntary Benefits Experienced Underwriter 90836
GBS Voluntary Benefits Experienced Underwriter 90836
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$ 62000 - 116500
1 Vacancy
Job Description
Job Requisition ID:90836
Location Designation:Hybrid 3 days per week
Group Benefit Solutions delivers comprehensive insurance and absence management solutions for midsized and large companies. Our work fosters a healthier happier and more secure workforce contributing to New York Lifes legacy of being there when were needed most. Here youll 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 (Tennessee); Bloomfield CT (Connecticut); Kansas City MO (Missouri); Phoenix AZ (Arizona)
Role Overview:
The Group Benefit Solutions Underwriting Organization partners with Sales Client Management Pricing RiskManagement and other business partners to evaluate and manage risk. We are responsible for analyzing employer group characteristics and plan designs to determine the appropriate rates across our suite of group insurance products.
This position represents a unique and exciting opportunity to join the Underwriting organizations Voluntary Benefits team that recently launched our new Accident Insurance Critical Illness and Hospital Indeminity Products.
What Youll Do:
- 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 casespecific 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.
What Youll Bring:
- Bachelors 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 selfmotivated 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 partnergoals 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.
Locations:Hybrid Schedule: Philadelphia PA Kansas City MO Chattanooga TN Farmington CT Phoenix AZ Fully Remote can be considered.
Pay Transparency
Salary range:$62000$116500
Overtime eligible:Exempt
Discretionary bonus eligible:Yes
Sales bonus eligible:No
Actual base salary will be determined based on several factors but not limited to individuals 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.
Actual base salary within that range will be determined by several components including but not limited to the individuals experience skills qualifications and job location. In addition to base salary employees may also be eligible to participate in an incentive program.
Our Benefits
We 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 Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity equity and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized as one of Fortunes Worlds Most Admired Companies New York Life is committed to improving local communities through a culture of employee giving and volunteerism supported by theFoundation.Were 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.
Job Requisition ID:90836
#GBS
Required Experience:
Senior IC
Employment Type
Full-Time
