Prudential Financial

Lead Medical Stop Loss Underwriting Specialist

Prudential Financial

full-time

Posted on:

Location Type: Remote

Location: New Jersey • United States

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Salary

💰 $106,000 - $174,900 per year

Job Level

Senior

About the role

  • Functions as an independent and highly experienced underwriter able to manage large complex cases, although not all levels of complexity, with little or no support
  • 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.
  • 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.
  • Works closely with sales staff, brokers and clients to discuss financial results and support or directly engage in the negotiation process.
  • Manage ad hoc projects, and or participate in periodic process and technical design work to improve service, efficiency, or profitability.
  • Confidently and effectively communicates point of view through both verbal and written communications and negotiates with internal/external partners in various roles
  • Demonstrates an awareness of regional trends, competitive landscape and factors that influence the marketplace and regulatory environment
  • Strong ability to help others gain an understanding of the underwriting process, including case reviews, identifying training needs and developing and delivering training.
  • Demonstrates problem solving skills on risk and service-related issues, and broad institutional knowledge in the development of solutions.

Requirements

  • Medical Stop Loss underwriting experience, preferably 7+ years
  • Bachelor’s degree or equivalent work experience
  • Ability to work independently
  • Strong time management and organizational skills
  • Ability to prioritize work with limited oversight
  • Strong Analytical and mathematical skills
  • Excellent communication and collaboration skills
  • Ability to develop strong working relationships
Benefits
  • Medical, dental, vision, life insurance, disability insurance
  • Paid Time Off (PTO)
  • 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
underwritingpricing strategyrisk evaluationclaims history analysisfinancial negotiationreportingdata analysisproblem solvingtraining developmentproject management
Soft skills
independent worktime managementorganizational skillsanalytical skillscommunication skillscollaboration skillsrelationship buildingnegotiation skillstraining deliveryadaptability
Certifications
Bachelor's degree