Group Insurance Policy Forms Analyst
New York Life, White Plains, NY, United States
Location Designation:
Hybrid - 3 days per week
Role Overview
The Associate, Group Insurance Policy Forms Analyst 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 respond to departmental objections/questions to negotiate and secure form approval. While the main objective will be preparation and drafting of policy forms in a timely manner, the Group Insurance Policy Forms Analyst will also be actively involved in assisting with other related general contractual issues within the Division, including related filing and compliance projects.
What You’ll Do
Develop and draft various contract forms, specific to group life and health insurance and blanket accident/accident medical insurance, 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 Division’s contract forms.
Determine contractual modifications needed because 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.
What You’ll Bring
Bachelor’s degree or equivalent experience.
3 to 5 years of relevant experience in the insurance industry preferred.
Strong knowledge of insurance products and insurance laws (preferably group life and health insurance and blanket accident/accident medical insurance).
Experience filing insurance products via SERFF a plus.
Working knowledge of online insurance research resources such as Wolters Kluwer/Westlaw a plus.
Legal/compliance background 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.
Pay & Benefits
Salary Range:
$62,400–$80,000
Overtime eligible:
Exempt
Discretionary bonus eligible:
Yes
Sales bonus eligible:
No
Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
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Hybrid - 3 days per week
Role Overview
The Associate, Group Insurance Policy Forms Analyst 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 respond to departmental objections/questions to negotiate and secure form approval. While the main objective will be preparation and drafting of policy forms in a timely manner, the Group Insurance Policy Forms Analyst will also be actively involved in assisting with other related general contractual issues within the Division, including related filing and compliance projects.
What You’ll Do
Develop and draft various contract forms, specific to group life and health insurance and blanket accident/accident medical insurance, 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 Division’s contract forms.
Determine contractual modifications needed because 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.
What You’ll Bring
Bachelor’s degree or equivalent experience.
3 to 5 years of relevant experience in the insurance industry preferred.
Strong knowledge of insurance products and insurance laws (preferably group life and health insurance and blanket accident/accident medical insurance).
Experience filing insurance products via SERFF a plus.
Working knowledge of online insurance research resources such as Wolters Kluwer/Westlaw a plus.
Legal/compliance background 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.
Pay & Benefits
Salary Range:
$62,400–$80,000
Overtime eligible:
Exempt
Discretionary bonus eligible:
Yes
Sales bonus eligible:
No
Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
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