Underwriting Specialist (Hybrid/Virtual)

Job Classification:

Operations - Insurance Operations

Underwriting Specialist – Voluntary Benefits

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 and Voluntary Benefits 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.

The Underwriting Specialist is primarily accountable for underwriting Group Life, Disability, and/or Voluntary Supplemental Health proposals and/or in force case activity. The Underwriting Specialist is responsible for underwriting Critical Illness, Accident and Hospital Indemnity cases in accordance with statutory regulations and existing underwriting policies and practices, assessing risk and making and communicating decisions in a manner which contributes to the profitability of the product and reputation of the company.

Job Responsibilities:

• Assesses, calculates and specifies the conditions under which Prudential is willing to accept risk on group life, disability and Voluntary Supplemental Health business, for current and prospective clients. This includes, but is not limited to, the review and utilization of demographic data, actual case specific experience, product filings, statutory requirements and Prudential’s current premium refund formula and policies.
• Confidently and effectively communicates point of view through both verbal and written communications and negotiates with internal/external partners in various roles.
• 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.
• Assists in the analysis and/or handling of complex situations with increased focus on client and company objectives demonstrating comprehension of underwriting and business dynamics.
• Determines whether to accept, modify, or decline a risk through evaluation of the client’s employee census data, claims history, and other pertinent information within guidelines such as rating formula’s, product filings and statutory requirements.
• Strong ability to help others gain an understanding of the underwriting process, including case reviews, identifying training needs and developing and delivering training.
• Manage ad hoc projects, and or participate in periodic process and technical design work to improve service, efficiency, or profitability.
• Communicates and partners with sales representatives, account managers, brokers, clients and prospective clients regarding case issues, underwriting assessments, pricing, rating etc. with a client focus. Actively engages in supporting the positive consultative outcomes crucial to our long-term success by enhanced application of growing underwriting and business expertise.
• Demonstrates problem solving skills on risk and service-related issues, and broad institutional knowledge in the development of solutions.
• Works closely with sales staff, brokers and clients to discuss financial results and support or directly engage in the negotiation process.
• Demonstrates an awareness of regional trends, competitive landscape and factors that influence the marketplace and regulatory environment.

Qualifications:

• Ability to work independently
• Excellent communication and collaboration skills
• Strong Analytical and mathematical skills
• Strong time management and organizational skills
• Ability to prioritize work with limited oversight
• Group underwriting experience, preferably 4+ years
• Ability to develop strong working relationships
• Bachelor’s degree or equivalent work experience

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $79,900.00 to $118,900.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at [email protected] for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:

If you need an accommodation to complete the application process, which may include an assessment, please email [email protected] .

Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.