[Hiring] Senior Associate, Medical Underwriter @New York Life

Role Description

Reporting to the Team Manager, the Medical Underwriter, Sr. Associate is responsible for evaluating life insurance applications and determining whether applications should be approved, declined, or if additional information is required. 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 an applicant's risk classification; however, they are frequently required to make assessments of applicant risk absent specific direction from the Underwriting Guidelines.

• Synthesize mortality risk of medical labs and family history.
• Discount mortality risks of highly correlated factors such as motor vehicle reports and avocations.
• Evaluate an applicant's overall risk profile.
• Consult with Technical leads, Medical Directors, and Team Underwriters as necessary.
• Have a working knowledge of medical terminology and awareness of how various medical impairments interact and affect individual mortality and morbidity risk.
• Interact with Third Party Administrator personnel.
• 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 if applicant is eligible for the plan.
• Communicates with company employees and Third Party Administrators regarding underwriting procedures and insurance policies.

Authority Limits

• Life up to $3M.
• Disability Income up to $20K.

Qualifications

• 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.

Requirements

• Salary Range: $73,000-$100,000.
• Overtime eligible: Exempt.
• Discretionary bonus eligible: Yes.
• Sales bonus eligible: No.
• Actual base salary will be determined based on several factors including experience, skills, qualifications, and job location.
• Employees are eligible for an annual discretionary bonus.
• Employees may also be eligible to participate in an incentive program.

Benefits

• Full package of benefits for employees.
• Unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs.
• Continuous refinement and addition of benefits based on employee feedback.