Senior Associate, Case Management
Location:
New York , New York
Posted:
October 18, 2017
Reference:
57135-en_US

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.

 

Position Summary

 

This role is responsible for responding to inquiries or requests from our field and business partners. To do this effectively the employee needs to have a deep level of understanding of how our life products (both in-force and new business).  At the same time, the employee must develop a network across the company (Systems, Illustrations, Underwriting, Agent Compensation and OGC to name a few) that will enable him/her to respond on a timely manner.  Employee will need to be able to work independently and acknowledge when a case should be escalated.  The employee must also identify, risk or opportunities for improvements on our products, or processes uncovered during his/her case work.

 

 

Major Responsibilities

 

  • Have a deep understanding of how each of NYL's products work, including both in-force and new business
  • Receive and respond to product inquiries from our field and business partners
  • Track all inquires on our database
  • Work with business partners including Agency, Systems, Illustrations, Legal, Marketing or Underwriting, to investigate and respond to all inquiries received
  • Work with our business partners to address any issues or opportunities identified, and share them with our In-force Management and Product Development partners.

 

Qualifications

 

  • Excellent communications skills, both verbal and written
  • Project Management skills
  • Ability to work in a cross-functional team
  • Life Insurance Industry knowledge
  • College Degree preferred

 

SF:LI-LB1

EOE M/F/D/V

 

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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