Underwriter - Life and Disability Group Insurance


Posting Date: Jul 7, 2024

Location: Philadelphia, PA, US

Company: New York Life Insurance Co

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.





Alternate locations: Philadelphia, PA (Pennsylvania); Bloomfield, CT (Connecticut); Chattanooga, TN (Tennessee); Overland Park, KS (Kansas); Phoenix, AZ (Arizona)


This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday.


The Group Benefit Solutions Underwriting Organization partners with Sales, Client Management, Pricing, Risk Management, and other business partners to evaluate and manage risk. We are responsible for analyzing employer group characteristics and plan designs to determine the appropriate rates for Life, Accident, Disability and Absence products.  One of our key priorities is to manage the growth and profitability of our portfolio, through new business sales and persistency of our inforce book of business.  Our team also includes the Medical Underwriting organization that evaluates the risk of individual applications for Life and Disability coverage, as well as our UW Operations organization that helps to drive efficiency and productivity in our process.


As an Underwriter, you will use your knowledge and expertise to determine plan designs and rates for our employer group clients minimizing risk and optimizing profit in the process.


  • You will evaluate and interpret data from numerous sources, including group demographics, industry research, and other actuarial tools, to develop a risk analysis of each employer group.
  • You will consult with sales reps and brokers to explain your analysis and work together with them to balance risk and profits.
  • You will have opportunities for other projects outside the risk assessment portion of your job, such as processes for efficiency or acting as a trainer or mentor to other underwriters.



  • Perform case specific risk analysis to develop appropriate premium rates for a given risk to support the market’s growth and profitability goals
  • Responsible for account level rate development and conducting customer negotiations with Sales on a more complex book of business
  • Develop strategic recommendations related to market competition, products, and pricing
  • Manage an assigned book of business, focused on attaining profitable growth, persistency, and earnings
  • Partner with sales department and brokers to deliver customer presentations and acts as financial consultant on case-specific issues
  • Influence underwriting best practice and provides input to matrix partners on product development and pricing
  • Mentor and train less tenured underwriters.  Help increase their understanding of risk management & underwriting, maintaining focus on technical knowledge and competency skill development
  • Act as a trusted resource and technical expert to team and matrix partners



  • Bachelor's degree or equivalent work experience required
  • 5+ years of Group Life, Accident, Long Term Disability, Short Term Disability, and Absence underwriting, or other relevant experience required
  • Demonstrated knowledge of large employer groups with multi-carrier product offerings and awareness of the drivers of a marketing outside of group insurance specific dynamics
  • Thorough knowledge of risk factors that influence market and competitive conditions
  • Ability to make effective decisions based on strong knowledge of all financial and risk levels, both internal and external
  • Strong time management skills, highly organized, detail oriented
  • Ability to foster strong working relationships
  • Strong interpersonal and communication skills
  • Ability to communicate complex ideas, persuade and negotiate effectively
  • Ability to lead discussions and deliver external presentations and analysis to a diverse client base








Salary range: $90,000-$135,000 

Overtime eligible: Exempt 

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.


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. 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: 88289






Nearest Major Market: Philadelphia

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