Job Description

Location Designation: Fully Remote 

When you join New York Life, you’re joining a company that values development, career growth, collaboration, innovation, and diversity & inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally.

Business Unit Overview : 

As part of Underwriting, you'll wear the dual hats of expert and innovator. You'll leverage your keen eye and analytical skills to assess risks with precision, upholding our tradition of financial prudence. Simultaneously, you'll contribute to modernizing tools and processes, driving the company's evolution in a dynamic market. Your contributions directly impact company performance and empower individuals to plan for their financial security with confidence. 

Role Overview:

New York Life is seeking an experienced individual disability underwriter for its individual disability income (IDI) insurance business. As one of the first members of the IDI underwriting team, the IDI Underwriter will have the unique opportunity to help develop underwriting process and procedures and ultimately underwrite a new line of business for New York Life. New York City is the preferred location for this position.

What You'll Do:
• Evaluate IDI applications and conclude whether applications should be approved, declined, or if additional information is required based on morbidity, financial, and occupational risks according to company guidelines
• Consult with medical directors and IDI Underwriting management for the purpose of resolving complex medical and non-medical histories
• Interpret underwriting policy and implement established guidelines, department procedures, and regulatory directives
• Effectively articulate underwriting decisions and negotiate appeals of underwriting actions
• Work effectively with third party administrator in the timely and accurate management of all IDI underwriting cases
• Collaborate with agency distribution on a regular basis to promote the IDI product line and build a strong reputation for competitive and responsible offers
• Work with our current or future reinsurance partners to negotiate and secure risk classification for business that may exceed morbidity standards, are above retention, or to secure a more competitive offer
• Keep current on medical, financial, occupational and multi-life IDI underwriting related developments; evaluate changes in IDI underwriting market practices and initiate appropriate response
• Assist with developing and mentoring junior underwriters
• Participate in training and development opportunities

What You'll Bring:
• Bachelor’s degree or equivalent work experience required; industry related education (DIA, LOMA) desired
• 5+ years of experience in disability/ IDI underwriting
• Knowledge of IDI insurance products and processes
• Experience in handling complex IDI underwriting cases; ability to evaluate financial, medical and occupational information to decide the most appropriate underwriting offer; strong working knowledge of medical terminology and awareness of how various medical impairments interact and effect individual morbidity risk
• Experience working closely with medical directors, accounting/ tax and legal resources as needed
• Ability to understand the impact of product form, riders, distribution, regulation, claim management and pricing have on underwriting rules and decisions
• Excellent analytical skills; writing and verbal communications and negotiation skills
• Demonstrated ability to collaborate with individuals at all levels of the organization
• Work effectively within a team environment, as well as work independently
• General computer proficiency required

*This role can be filled at either the PF3 or PF4 level depending on experience*

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Pay Transparency

Salary Range: $80,000-$120,000 

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 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.

Please note : This role requires FINRA Associated Person pre-hire fingerprinting.

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 .

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 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 .

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Job Requisition ID: 91558

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