Vice President, New Business Underwriting
Prudential Financial
full-time
Posted on:
Location Type: Office
Location: Newark • Connecticut, Maine, New Jersey • 🇺🇸 United States
Visit company websiteSalary
💰 $197,200 - $266,900 per year
Job Level
Lead
About the role
- Reporting directly to the Head of Underwriting, the VP, New Business Underwriting will have direct responsibility for the leadership of the Underwriting team accountable for new business sales under 10,000 lives, as well as the RFP Proposal unit
- Foster strong relationships with external distribution partners, including brokers, enrollment firms, and technology partners
- Influence and support product development strategy
- Drive underwriting strategy
- Drive technology and process improvement initiatives from ideation through scaling
- Own operational and financial performance for business segment
- Ensure necessary quality controls are in place to continuously evaluate underwriting performance and identify opportunities for improvement
- Partner closely with Pricing, Product P&L, Distribution, and other business areas as needed to review and establish new business acquisition & case renewal strategies
- Implement approved new business acquisition & case renewal strategies and delivering expected results
- Own RFP proposal response process, driving quality and efficiency, while best positioning our products and services in the market
Requirements
- Bachelor's degree or equivalent experience preferred, MBA a plus
- Experience leading in the Group Insurance industry is required
- Deep knowledge of and direct experience with: Group Insurance Products including Life, Disability and Supplemental Health
- Employer-paid & Voluntary products
- Alternative Funding and Captive Insurers a plus
- Dental, vision, and medical stop loss experience a plus
- Various risk underwriting methods – inclusive of predictive analytics
Benefits
- Medical, dental, vision, life insurance, disability insurance
- Paid Time Off (PTO), and leave of absences, such as parental and military leave
- 401(k) plan with company match (up to 4%)
- Company-funded pension plan
- Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
- Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development
- Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs
- Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service
- 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
underwriting strategyRFP proposal responsepredictive analyticsrisk underwriting methodsGroup Insurance Productsalternative fundingfinancial performancequality controlsprocess improvementproduct development
Soft skills
leadershiprelationship buildinginfluencecollaborationcommunicationstrategic thinkingproblem solvingoperational managementteam managementperformance evaluation
Certifications
Bachelor's degreeMBA