This position is hybrid - Tuesday - Thursday in the New York or Tampa Office and Monday and Friday work from home. Business Overview: As part of Risk Management, you'll play a pivotal role in safeguarding New York Life's strategic goals.
By analyzing and mitigating potential risks, you contribute to three crucial areas: strengthening the company's defenses, informing sound business decisions, and advancing risk capabilities across the organization.
Your expertise empowers informed risk-taking, fostering sustainable growth and protecting the financial security of millions of policy owners.
Role Overview: The SIU Fraud Analyst is responsible for working with SIU investigators to detect, investigate, and prevent fraudulent activities within the company.
This role involves the initial review and triage of potentially fraudulent activities, analyzing data, prioritizing cases, preparing them for further investigation, and producing detailed reports on findings and trends.
The ideal candidate will possess strong analytical skills, attention to detail, and a background in fraud detection.
What You'll Do: Conduct initial reviews of flagged cases to assess the likelihood of fraud.Gather preliminary evidence and documentation to support the initial assessment.Conduct internal and external database searches as part of the investigative process.Prepare detailed summaries and case files for investigators, ensuring they have all necessary information to conduct a thorough investigation.Perform data analysis to identify trends, patterns, and anomalies related to fraudulent activities.Produce detailed analytical reports on fraud trends, risk factors, and potential vulnerabilities.Identify patterns and trends in fraudulent activities to inform prevention strategies.Work closely with internal departments, such as claims, underwriting, and service, to gather additional information and context for cases.Coordinate with the SIU investigation team to ensure a smooth handoff of cases.Ensure all documentation is compliant with legal and regulatory requirements.Document the SIU Case Management System with daily investigative activity.Recommend improvements to policies, procedures, and controls based on findings from the triage and data analysis process.Assist with company-wide fraud awareness training, including developing training materials, scheduling sessions and maintaining records and reports.Stay updated on the latest fraud trends, techniques, and regulatory changes by interacting with industry associations.Participate in professional development opportunities, such as training sessions and industry conferences.What You'll Bring: Bachelor's degree in Criminal Justice, Finance, or a related field preferred.Minimum 3-5 years of relevant work experience (Life Insurance/ Fraud Investigations/Law Enforcement preferred).Ability to build relationships quickly.Strong analytical, assessment, and data analysis skills.Strong written and verbal communication skills.Proficiency in using fraud detection software, data analysis tools, and reporting tools; Tableau experience a plus.Proficient in Microsoft Office Suite.Ability to work independently and as part of a team.High level of integrity and ethical standards.Pay Transparency Salary Range: $77,500-$132,500
Discretionary bonus eligible: Yes
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.
We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs.
Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.
Our Diversity Promise We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community.
This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation.
We're proud that due to our mutuality, we operate in the best interests of our policy owners.
To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Job Requisition ID: 90885
About NY Life Insurance CompanyDiversity & Humanity–two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work.
At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth.
As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities.
You will be part of a diverse team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.
You are our future, and we commit to investing in you accordingly.
Visit our Linkedin to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
Nearest Major Market: Manhattan
Nearest Secondary Market: New York City
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