Underwriting Analyst- Group Benefit Solutions June
Underwriting Analyst- Group Benefit Solutions June
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Job Description
Job Requisition ID:90700
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.
Role Overview:
LAUNCH which stands for Leadership and Underwriting for New Career Hires is designed to help you accelerate your underwriting career and establish early professional success. LAUNCH focuses on comprehensive technical training handson learning mentor support and professional development opportunities. There are opportunities to start the LAUNCH Program in June 2025.
As part of our Group Benefit Solutions Underwriting team you will have a direct impact on the financial results of our business while helping us deliver on a longstanding commitment of providing financial protection and peace of mind to the millions we serve. As an Underwriting Analyst you will develop skills across several business competencies including:
Risk Management & Assessment
- Assess the risk and underwrite prospective and enforce clients within Group Benefit Solutions product portfolio: Life Accident Disability and Absence Administration
- Communicate pricing profitability and risk profile of clients with internal matrix partners
- Contribute directly to company financial goals through risk decisions while balancing and maintaining favorable financial outcomes at a broader book of business level
Collaboration & Consultation
- Partner with other underwriting team members to effectively solve problems both internal and external to Group Benefit Solutions Underwriting
- Negotiate with matrix partners to find creative and collaborative solutions that create longterm value for both our clients and our organization
Professional Development & Leadership
- Active engagement and involvement in the LAUNCH Program over the course of your first year
- Continuous learning and development through both structured and nonstructured training opportunities beyond your first year
- Develop a growth mindset that welcomeschallenges quickly learns from and applies feedback and finds inspiration from the success of team members
Time & Priority Management
- Act with a sense of urgency to meet assigned deadlines for specified tasks
- Ability to use sound judgement when prioritizing several tasks at once
What Youll Do:
As a FullTime Underwriting Analyst in the LAUNCH Program you can expect a structured start to your career that includes foundational training consisting of multiple training sessions during your first year. Below is a sample timeline of what you can expect in year one and beyond:
Your First Year
- Participate in structured training sessions in the LAUNCH Program focusing on technical training and professional development opportunities. These sessions will consist of both classroom and handson learning opportunities that establish a solid foundational knowledge of underwriting concepts and principles.
- Following each session you will apply the concepts and principles learned in the program by working on active business opportunities that will eventually become larger and more complex. You will work alongside your mentor as you gain independence in your daily work and decisionmaking skills.
After Your First Year
- You will have completed the LAUNCH Program and will continue directly contributing to our business goals and results as an underwriter.
- You will be assigned to support a sales region manage an enforce book of business and own more of the daily decisionmaking process.
- You will continue to participate in training opportunities to enhance your underwriting knowledge through organizational Group Benefit Solution training sessions and manager and mentor coaching and feedback.
- In addition to your core Underwriting responsibilities there also exist many project opportunities that will allow you to engage with and build a network of peers both within Underwriting and across other New York Life departments.
Where Youll Work
The Underwriting Analyst position is in the Phoenix Underwriting hub. The Phoenix hub is located at the High Street Plaza near Desert Ridge Marketplace. The Phoenix hub is one of our fastest growing Group Benefit Solutions Underwriting hubs. Our team includes a diverse group of talented individuals with various backgrounds and experience levels. Over the last five years we have continually grown our Phoenix team through on campus recruiting efforts at several local universities.
What Youll Bring:
- Strong analytical and problemsolving skills
- High comfort level with math/numbers
- Excellent verbal and written communication skills
- A passion and dedication to becoming a leader within the financial services industry
- Strong business acumen along with leadership and innovative thinking skills with a focus on customercentricity
Required Skills:
- Bachelors degree in the following majors and/or minors are preferred: Risk Management Economics Finance Accounting Mathematics Data Analytics Business Management or a related field
Preferred Skills:
- Preferred 3.0 GPA or higher
- Some travel may be required <10
#GBScampus
Pay Transparency
Salary range:$57000
Overtime eligible:Nonexempt
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:90700
Required Experience:
IC
Employment Type
Full-Time
