Underwriting - Dresher, PA | Hartford, CT | Portland, ME | Scottsdale, AZVoluntary/Worksite Benefits Lead Underwriting Specialist

About the position

Group Insurance is an operating unit within the U.S. Businesses Division that primarily focuses on creating, distributing, and administering a complex range of life, disability, and voluntary insurance products for many top Fortune 500 companies. Prudential has been underwriting group insurance plans since 1916. Today, our Group Insurance business unit is the nation’s second largest group life carrier and a leading disability carrier, proudly servicing nearly 20,000 clients—and insuring more than 20 million employees and their families. Group Insurance has operation centers across the United States.
It's an exciting time to join our organization. There are multiple open positions available within the Group Insurance Underwriting division across our National, Premier, and Underwriting Excellence market segment teams.   These teams handle clients with 100+ employees.
The Lead Underwriting Specialist is accountable for underwriting primarily Group Voluntary and Worksite Benefit proposals, renewals and on-going case activity in accordance with statutory regulations and existing underwriting policies and practices. This includes assessing risk and making and communicating decisions in a manner which contributes to the profitability of the product and reputation of the company.  
Main Job Responsibilities/Competencies:
  • Assesses, calculates and specifies the conditions under which Prudential is willing to accept risk on group voluntary and worksite benefit business, including Hospital Indemnity, Critical Illness and Accident Insurance products, 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 enrollment practices, 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.
  • 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 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 Voluntary and Worksite benefit products.
  • Actively participates in or leads projects which may be broader/cross-functional, demonstrating 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.

Qualifications

  • A minimum of 7 years Group Insurance financial underwriting experience
  • Four or more years experience in Voluntary Benefits
  • Experience with Hospital Indemnity, Critical Illness and.or Accident Insurance
  • 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 including Excel and email software
  • Excellent communication and collaboration skills   
  • Ability to develop strong working relationships
  • Understands and adheres to policies and procedures
  • Exhibits behaviors aligned with leadership competencies

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 staffingagencies@prudential.com for more information about doing business with Prudential.

Apply Now

Join PrudentialApply for this position

Please fill out the online application and upload your supporting materials. We appreciate the time and effort you put into your application.

Apply Now

Save or Send Email this Job

Get a link to the job and the full description that you can save for later or share with someone you think might be a good fit.

Get Link to this job description in an email to save for yourself or send

Related Job Openings

Group Insurance Lead Underwriting Specialist

Underwriting - Roseland, NJ | Hartford, CT | Dresher, PA | Portland, ME | Scottsdale, AZ
  • Full Time Position
  • Job No: NAO0003A
Business Overview:
Group Insurance is an operating unit within the U.S. Businesses Division that primarily focuses on creating, distributing, and administering a complex range of life and disability insurance products for many top Fortune 500 companies. Prudential has been underwriting group insurance plans since 1916. Today, our Group Insurance business unit is the nation’s second largest group life carrier and a leading disability carrier, proudly servicing nearly 20,000 clients—and insuring more than 20 million employees and their families. Group Insurance...
View Job Details
Search All Prudential Jobs