Location Designation: Fully Remote 



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.



New York Life's Group Membership Association Division (GMAD) seeks an experienced underwriter to join the Financial Underwriting Team (FUW) and help launch a new business within GMAD. This position will be primarily accountable for underwriting Special Risk policies including participant, volunteer, and occupational accident as well as Business Travel Accident (BTA). The position requires extensive knowledge of Special Risk / BTA coverages, pricing & tabular rating. This individual will work closely with other departments to maximize growth, maintain profit targets, while remaining competitive in the Special Risk / BTA marketplace. This individual will also interact directly with Special Risk / BTA brokers on new business and renewal underwriting.


Additionally, this individual will gain a working knowledge for underwriting group policies insuring association members. The product portfolio includes Annual Renewable Term Life, 10/20 Year Level Term Life, Accidental Death & Dismemberment, Long & Short-Term Disability, and other ancillary lines. Although focused on Special Risk / BTA, this underwriter may need to help support these lines of coverage at times.


The position requires the ability to utilize internal & external reports to analyze claims data, mortality & morbidity trends, demographics, and tabular rating, all in an effort to make sound pricing and renewal recommendations that contribute to GMAD profit & growth goals. This individual will debrief their manager and GMAD senior management regarding findings & analysis to gain consensus on recommended actions. As Special Risk / BTA are new lines for GMAD, producing and presenting results to senior management takes on added importance.


Primary Job Responsibilities:


  • Working with account management, distribution, and brokers on prospecting efforts to build a Special Risk/BTA portfolio in GMAD, through both acquisition/RFPs and start-up ventures
  • Respond to Special Risk / BTA RFPs. Use tools to develop rates. Calibrate rates relative to competitor bids
  • Develop underwriting guidelines for MGAs writing Special Risk & BTA on our behalf.  Support MGA underwriting implementations. Update underwriting parameters based on results and trends
  • Monitor the Special Risk/BTA block on a macro basis as a means to refine tabular rating and cost-of-benefit relativities while maintaining price controls
  • Partner with FUW Manager, GMAD Account Managers, Brokers, TPAs, and Policyholders to negotiate & rollout agreed upon renewal actions
  • Present and participate in meetings with Manager and/or Senior Management regarding ongoing case specific action plans to meet & maintain profitability & growth
  • Independently gather, illustrate & analyze financial experience, demographic data and policy provisions to formulate & recommend renewal actions when appropriate
  • Utilize policy year retention exhibits and related funding arrangements to assess risk and make well informed financial decisions
  • Conduct statistical analysis of both internal & external population data to price products and benefit revisions
  • Provide, as needed, premium verification testing relating to SOX regulations
  • Research ways to improve FUW efficiency related to gathering, illustrating, and dissecting financial data on a case level and macro basis
  • Ad hoc project support as needed




  • 7-10 years Special Risk / BTA underwriting experience
  • Recent relationships with Special Risk / BTA brokers strongly preferred
  • Mastery of manual rating and census data/manipulation
  • Proven ability to work independently.
  • Strong analytical & mathematical skills
  • Excellent verbal & written communication skills
  • Experience with various funding, pooling and reinsurance arrangements.
  • Strong knowledge of Group Insurance products.
  • 4-year degree from accredited college or university (preferably business or math related)
  • Strong mastery of Excel including the use of data analysis tools such as Pivot Tables & Charting



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 2 weeks from the Posting Date listed above.





Salary range: $117,500-$200,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 


Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills 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 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

Job Requisition ID: 90547




About NY Life Insurance Company

Diversity & Humanity–two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we commit to investing in you accordingly.

Visit our Linkedin to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.

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