Posted: Thursday, January 18, 2018 7:12 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.
The Senior Representative
role will be primarily responsible for the preparation, drafting, review and issuance of contract forms. Also, this individual may be responsible for the submission of these forms to applicable insurance departments, when necessary, and responding to departmental objections/questions in order to negotiate and secure form approval. While the main objective will be preparation and drafting of policy forms in a timely manner, the Senior Representative
will also be actively involved in assisting with other related general contractual issues within the division, including related filing and compliance projects.
Develop and draft various contract forms and related documents for the issuance to group policyholders and certificate holders via third party administrators.
Research and review laws and regulations and analyze the impact on the Divisions contract forms.
Determine contractual modifications needed as a result of legislative requirements and/or changes.
Review, prepare and submit SERFF filings; negotiate approval of product filings from State Insurance Departments.
Collaborate and communicate with individuals from various areas within the Company (particularly with Contract unit members) in addressing drafting, filing and compliance issues and questions.
Assist with the implementation of other general filing and/or compliance initiatives.
Bachelors degree with a minimum of 4+ years compliance in the insurance industry.
Knowledge of insurance laws (preferably group insurance), products and administration procedures along with state Insurance Department filing experience is preferred.
Legal/compliance background a plus.
Experience filing insurance products via SERFF a plus.
Working knowledge of insurance databases such as Wolters Kluwer or Westlaw a plus.
Strong research, analytical and reasoning abilities.
Detail oriented with exceptional organizational skills.
Excellent oral and written communication skills.
Proficient with Microsoft Office suite of products.
Location: Sleepy Hollow, NY moving to White Plains in early 2018
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*Based on revenue as reported by "Fortune 500, ranked within Industries, Insurance: Life, Health (Mutual)," Fortune Magazine, June 17, 2016. See fortune/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 pre
• Location: Hudson Valley
• Post ID: 35260112 hudsonvalley