Posted: Tuesday, January 2, 2018 4:53 PM
New York Life Insurance Company ("New York Life" or "the company") is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico.
New York Life is one of the most financially strong and highly capitalized insurers in the business. The company reported 2016 operating earnings of 1.954 billion. Total assets under management at year end 2016, with affiliates, totaled 538 billion. As of year:end 2016, New York Life's surplus was 23.336 billion**. New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody's Aaa; Standard and Poor's AA+. (Source: Individual Third Party Ratings Report as of 8/17/16).
Financial strength, integrity and humanity-the values upon which New York Life was founded-have guided the company's decisions and actions for over 170 years.
Reporting to a Zone Manager, the Team Manager is responsible for the management and professional development of the underwriters (CS3:PF4) reporting to him/her. The Managing Underwriter may have as many as two teams (8 to 10 underwriters) reporting to him/her and is expected to ensure that production and quality standards are met for the teams.
The Managing Underwriter often reviews cases with his/her direct reports. When making decisions, the Managing Underwriter predominantly relies on Underwriting Guidelines to evaluate an applicants risk classification; however, due to the complexity associated with multiple conditions or atypical lab results, Managing Underwriters are frequently required to make assessments of applicant risk absent specific direction from the Underwriting Guidelines. Whether synthesizing the mortality risk of medical labs and family history or discounting the mortality risks of highly correlated factors such as motor vehicle reports and avocations, they are expected to evaluate an applicants overall risk profile, not simply summing the total from individual risk factors. Medical Directors, Zone Managers, and Chief Underwriters are available for consult as necessary; but Managing Underwriters are expected to make a decision recommendation, not open:ended requests for insight.
A Managing Underwriter must have an expert working knowledge of medical terminology and awareness of how various medical impairments interact and effect individual mortality risk. Managing Underwriters also work closely with General Office personnel, agents and Managing Partners. Consequently, Managing Underwriters must have strong communication skills.
:The Managing Underwriter is recognized as an expert in the field of underwriting as is expected to have a breadth of knowledge of Life Company operations
:Provide meaningful feedback to direct reports to both ensure that quality underwriting decisions are reached; but also to aid in the professional development of underwriting personnel
:Assess the quality and capability of underwriters
:Maintain a strong working knowledge of our administrative systems, product rules, Underwriting Guidelines and medical factors impacting mortality
:Communicate by phone directly with agents and general office personnel as well as provide written updates on application status
:Work with Quality Control team to review and deliver results of auditing of underwriters work
:Conduct research on underwriting topics
:Lead/participate on projects
:Assist in hiring and personnel evaluation
:Bachelor's degree preferred and 10+ years of related experience
:Strong communication skills and the ability to effectively interact with all levels of the organization.
:Excellent problem solving and decision making abilities
If you have difficulty using or interacting with any portions of
• Location: East Bay, san ramon
• Post ID: 91138507 eastbay