Location Designation:Fully Remote
This position primarily involves a remote work schedule.
As part of New York Life's Group Membership Association Division, you'll be working with the #1 provider of life and disability income insurance solutions for Association/Affinity programs across the nation. 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 Overview:
Reporting to the Team Manager, the Medical Underwriter, Sr. Associate is responsible for evaluating life insuranceapplications and determining whether applications should be approved, declined or if additional information isrequired. 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 anapplicant'srisk classification; however, due to the complexity associated with multiple conditions or the diversity ofconditions identified within an Attending Physician Statement, they are frequently required to make assessmentsof applicant risk absent specific direction from the Underwriting Guidelines. Whether synthesizing the mortalityrisk of medical labs and family history or discounting the mortality risks of highly correlated factors such as motorvehicle reports and avocations, Senior Associates are expected to evaluate an applicant's overall risk profile, notsimply summing the total from the individual risk factors. Technical leads, Medical Directors and TeamUnderwriters are available for consult as necessary; but the Medical Underwriter, Sr. Associates are expected tomake a decision recommendation, not open-ended requests for insight. As the majority of applications reviewedby this role include Attending Physician Statements, a Sr. Associate must have a working knowledge of medicalterminology and awareness of how various medical impairments interact and effect individual mortality andmorbidity risk. Interaction with Third party Administrator personnel is also often needed. Consequently, theMedical Underwriter, Sr. Associates must have strong communication and relationship management skills. Theywill also be required to meet established production standards and time service standards.
What You'll Do:
- Able to produce high volumes of work with quality results
- Ability to train new underwriters
- Underwrites Life and Disability Income applications
- Reviews contestable claims for misrepresentation
- Data Entry into Underwriting tracking system
- Reviews and evaluates non-standard applications and supporting documents
- Ability to differentiate multiple different requirements for numerous associations
- Determines if additional documentation is required and requests additional information as needed Decides ifapplicant is eligible for the plan
- Communicates with company employees and Third Party Administrators regarding underwriting proceduresand insurance policies
- Authority Limits
- Life up to $3M
- Disability Income up to $20K
What You'll Bring:
- Bachelor's degree preferred
- 3-5+ Years Medical Underwriting experience required
- Extensive 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 skills Data entry skills
- Ability to work in a paperless workflow environment Ability to prioritize and multitask
- Attention to detail and organizational skills
- Strong interpersonal skills
- Capable of working independently
This position primarily involves a remote work schedule.
It is recommended that all qualified candidates apply to this posting as soon as possible.
Residents of Colorado are hereby notified that the deadline to apply is two weeks from the Posting Date listed above.
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Pay Transparency
Salary Range:$75,500-$110,000
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.
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 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 theFoundation.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.
Job Requisition ID:91041
