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Senior Associate, Underwriter (54726) at New York Life Insurance Company in Sleepy Hollow, NY

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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 & 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 Team Manager, the Senior Associate is responsible for evaluating life insurance and disability applications and determining whether applications should be approved, declined or if additional information is required. Sr. Associates are authorized to issue or decline all cases within their authority limit.

As the majority of applications reviewed by this role include Attending Physician Statements, a Senior Associate must have a working knowledge of medical terminology and awareness of how various medical impairments interact and effect individual mortality and morbidity risk.  Interaction with Third Party Administrator personnel is also often needed. 


Responsibilities include, but are not limited to


  • Underwrites Life and Disability Income applications


Authority Limits


  • Life:  up to $3 million
  • Disability:  up to $20,000
  • Reviews Contestable Claims for misrepresentation
  • Data Entry into Underwriting Tracking System (ARES)
  • Understanding of Underwriting Imaging System (FileNet)
  • Reviews and Evaluates non-standard applications and supporting documents
  • 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
  • Possible travel for Quality Reviews of our outside Underwriting shops




  • Bachelor’s degree preferred
  • 5+ years of equivalent work experience
  • Life Underwriting experience required; training to be provided on Disability Underwriting, if needed
  • Knowledge of Medical Underwriting
  • Understanding of financial documents, e.g. tax returns
  • Excellent verbal and written communication skills
  • Data entry skills
  • Good interpersonal skills. 
  • Capable of working independently.



If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at: (212) 576-5811.

*Based on revenue as reported by "Fortune 500, ranked within Industries, Insurance: Life, Health (Mutual)," Fortune Magazine, June 17, 2016. See http://fortune.com/fortune500/ for methodology.

**Total surplus, which includes the Asset Valuation Reserve, is one of the key indicators of the company's long-term financial strength and stability and is presented on a consolidated basis of the company.

1. Operating earnings is the key measure use by management to track Company's profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US (GAAP), with certain adjustments Company believes to be appropriate as a measurement approach (non GAAP), primarily the removal of gains or losses on investments and related adjustments.

2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.

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