Group Insurance Group Underwriter

About the position

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 has operation centers across the United States. The Group Underwriter is accountable for underwriting Group Life and Disability proposals, renewals and on-going case activity 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. Main Job Responsibilities/Competencies:  
  • Assesses, calculates and specifies the conditions under which Prudential is willing to accept risk 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.
  • Demonstrates consistency and increased independence in the application of Underwriting judgment, formulating pricing decisions, negotiating within their authority limit, development of standard reporting requests and utilization of the pricing tools/applications and other resources.  
  • Responsible for handling a medium to high volume of low to medium complexity cases in the Premier market segment that handles cases from 500 to 5000.
  • Able to more independently prioritize and balance multiple competing priorities with limited guidance.
  • Independently communicates with internal partners.
  • Actively engages in supporting the positive consultative outcomes crucial to our long-term success through the application of growing underwriting and business expertise.
  • Creates accurate offers, standard experience reports and/or evaluations, and projections for assigned accounts.
  • Developing business acumen for decision making and problem solving and building knowledge of the organization, processes and customers.  
  • Maintains updated records and case files in accordance with underwriting and records policies & procedures.
  • May contribute to projects
Qualifications
  • Group Life and/or Disability experience, preferably 2+ years,
  • Group Life and/or Disability underwriting experience, a plus
  • 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 staffingagencies@prudential.com for more information about doing business with Prudential.