Underwriting Analyst- Group Benefit Solutions June 2025

Location Designation: Hybrid - 3 days per week 

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

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, hands-on 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 long-term 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 non-structured training opportunities beyond your first year
• Develop a growth mindset that welcomes challenges, 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 You’ll Do:

As a Full-Time 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 hands-on 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 decision-making 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 decision-making 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 You’ll Work 

The Underwriting Analyst position is in the Farmington Underwriting Hub. The Farmington hub is just outside of Hartford, close to local restaurants. Our team includes a diverse group of talented individuals with various backgrounds and experience levels. Our Farmington office is in a new state-of-the-art building, and we are growing through both tenured hires and on-campus recruiting at several local universities. 

What You’ll Bring:

• Strong analytical and problem-solving 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 customer-centricity 

Required Skills:

• Bachelor’s 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%) 

Salary range: $57,000-$60,000

Overtime eligible: Nonexempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

This position is eligible for health and wellness benefits including but not limited to paid vacation, health care insurance and flexible spending accounts, 401K match, and tuition assistance/student loan repayment program.

Please note: At this time, employees of Group Benefit Solutions can be considered for open positions within Group Benefit Solutions only. Applications from Group Benefit Solutions employees for open positions within other New York Life businesses are unable to be considered.