Underwriting - Roseland, NJ | Hartford, CT | Dresher, PA | Portland, ME | Scottsdale, AZGroup Insurance Lead Underwriting Specialist
About the position
Assesses, calculates and specifies the conditions under which Prudential is willing to accept risk on group life and disability business for prospective and in-force customers. This includes, but is not limited to, the review and analysis of risk criteria, demographic data, financial data, rating formulas, case specific experience, product filings and statutory requirements.
Independently applies Underwriting judgment, formulates pricing decisions, negotiates within their authority limit, and handles standard to complex reporting requests. Understands and applies current pricing strategy across the book of business.
Market segment volume/complexity:
- Premier market segment: Independently handles a higher volume of medium to high complexity cases less than 5000 lives.
- National Account market segment: Independently handles generally lower volume larger, higher complexity cases greater than 5000 lives
- Confidently and effectively communicates point of view through both verbal and written communications and negotiates with internal/external partners in various roles, including renewal /proposal positioning.
Influences others through their behavior.
Actively engages in supporting the positive consultative outcomes crucial to our long-term success, identifying opportunities to provide consultative creative solutions and making recommendations.
Creates accurate offers, standard experience reports and/or evaluations, projections for assigned accounts and may create detailed and customized reporting to support cases. May provide case specific information for multi-year planning efforts and makes projections based on emerging account experience and trends.
Maintains updated records and case files in accordance with underwriting and records policies & procedures.
Demonstrates an awareness of regional trends, competitive landscape and factors that influence the marketplace and regulatory environment
Actively supports the Leadership initiatives, offering continuous guidance and proactively sharing expertise with others, and serving as a resource for less experienced underwriters
Demonstrates a strong ability to help others gain an understanding of the underwriting process, including case reviews, identifying training needs and developing and delivering training.
Acts as a subject matter expert for medium/high complexity topics
Actively participates in or leads projects which may be broader/cross-functional, demonstrates an understanding of both the upstream and downstream impacts of changes within and outside of Underwriting.
Directly supports management in the analysis and interpretation of portfolio profitability metrics and serves as a conduit to drive understanding throughout team.
- Group Life and/or Disability underwriting experience, preferably 7+ years,
- Bachelor’s degree or equivalent work experience
- Ability to work independently
- Strong time management and organizational skills
- Ability to prioritize work with limited oversight
- Results and profit oriented
- Strong Analytical and mathematical skills.
- Proficient with Microsoft Office and email software
- Excellent Excel skills
- Excellent communication and collaboration skills
- Ability to develop strong working relationships
- Understands and adheres to policies and procedures
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at email@example.com for more information about doing business with Prudential.Apply Now
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