Underwriting Manager at Prudential Ins Co of America

Posted in Insurance 13 days ago.

Type: Full-Time
Location: dresher, Pennsylvania





Job Description:

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 Manager, Underwriting is accountable for leading a team of Junior Underwriters and underwriting our more complex Group Life and Disability 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:



  • Support leadership of the territory, including managing workflow, case assignments and staffing.




  • Support strategic planning at a market or regional level including participation in multi-year planning efforts and making projections based on emerging account experience and trends.




  • Accountable for developing and supporting a culture of high performance and talent excellence, through effective recruiting, coaching and development of staff as well as supporting diverse talent initiatives. 




  • Apply an awareness of industry trends, competitive landscape, and factors that influence the marketplace and the regulatory environment to facilitate and develop strong pricing, risk selection, and decision making across a regional portfolio of risks as well as mitigate operational risks and optimize our processes.




  • Assesses, calculates and specifies the conditions under which Prudential is willing to accept risk on group life and disability business for 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.




  • Confidently and effectively communicates point of view through both verbal and written communications and negotiates with internal/external partners in various roles, including renewal 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




  • 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.




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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 staffingagencies@prudential.com 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 call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.