Underwriting Risk Insights, Senior Associate

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Date: Nov 12, 2021

Location: New York, NY, US

Company: New York Life Insurance Co

 

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.

 

 

 

Position Summary

  • Underwriting is rapidly evolving to reflect improvements in data availability and technology platforms, as well as the integration of predictive modeling techniques.  We are undertaking several strategic initiatives to improve purchase experience, efficiency, and mortality.

 

  • The Senior Associate is a member of the Risk Insights team within the Underwriting Department of Strategic Capabilities.  His/her primary focus is to develop, maintain and improve Underwriting-related metrics and reporting capabilities. On an ongoing basis, the individual will help monitor and communicate key metrics generated by several strategic Underwriting innovation programs, including a self-service application platform and mortality prediction models. He/she will lead the team’s effort to identify trends and thoroughly investigate and research any concerning or unexpected activity.  As Underwriting transitions to a new platform in 2022 and continues to pursue new capabilities, she/he will be expected to help ensure the organization is on track to meet its objectives.

 

  • This individual will work extensively with other members of the Risk Insights team and Underwriting at large. She/he will also work with adjacent teams in Strategic Capabilities (e.g., Strategic Solutions, Center for Data Science and Artificial Intelligence) and functions (e.g., Technology, Finance) as needed.  There will be various opportunities to interact with senior management, including forums such as Underwriting Innovation Pod and Underwriting Rules Committee.

 

Responsibilities

  • Duties and responsibilities
  • Technical experience
    • Has a familiarity with data analytical tools and the creation of presentation material
  • Business knowledge
    • Understand key business drivers of new business for life insurance. 
    • Develop an understanding of underwriting business processes and applications.
  • Leadership skills
    • Will work independently and as part of a broader team.
    • Will provide insight into the key trends identified, individual policy or transaction review as necessary, and recommend opportunities for improvement and potential solutions.
    • Will regularly provide information and guidance to Underwriting management to support their ability to make informed decisions.
    • Will lead reporting enhancements and provide regular feedback on progress. 
  • Decision making/nature of impact
    • Will be required to collaborate with Underwriting management and other teams to create and implement action plans to strengthen reporting and monitoring capabilities. 
    • This role has a direct impact on the success of the business unit and the company by ensuring that management decisions are based on accurate and timely information.
    • The ability to work with management to assess the context of the review, and identify if the benefit outweighs the resources needed to conduct the analysis.
    • Will be required to pose recommendations and solutions to issues identified.
  • Communication skills
    • It is critical to the success of this role to have strong communication skills to ensure that solutions align with requested assignments
    • Ability to relay complex information and disseminate to varying audiences/styles and achieve understanding
    • Ability to "dig deeper" to ensure that requested information will illuminate the business problem and provide sufficient actionable information

 

Experience

  • Strong data analysis aptitude.
  • Ability to see the big picture and explain results.
  • Strong sense of ownership and ability to manage projects independently.
  • Experience and a strong background with PowerPoint and Excel required.
  • Prior knowledge of Business Intelligence/Visualization tools (e.g., Spotfire, Tableau) required.
  • Prior life insurance experience (product, underwriting and/or service) preferred.  Understanding of New York Life products, services, and administrative systems also preferred.

 

Qualifications

  • Bachelor Degree
  • 5+ years of experience required

 

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 our Foundation. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 85175

 

 

 


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