Underwriting Specialist
Prudential Financial
full-time
Posted on:
Location Type: Office
Location: Newark • Arizona, Connecticut, Maine, New Jersey • 🇺🇸 United States
Visit company websiteSalary
💰 $83,500 - $129,500 per year
Job Level
Mid-LevelSenior
About the role
- Assesses, calculates and specifies the conditions under which Prudential is willing to accept risk on Voluntary Supplemental Health, for current and prospective clients.
- 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.
- 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.
- Independently applies Underwriting judgment, formulates pricing decisions, negotiates within their authority limit, and handles standard to complex reporting requests.
- Works closely with sales staff, brokers and clients to discuss financial results and support or directly engage in the negotiation process.
Requirements
- Group underwriting experience in Voluntary benefits, preferably 4+ 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
underwritingrisk assessmentpricing decisionsdata analysisclaims history evaluationemployee census data analysisstatutory requirementsrating formulasnegotiationreporting
Soft skills
independencetime managementorganizational skillsprioritizationanalytical skillsmathematical skillscommunication skillscollaboration skillsrelationship buildingconsultative skills
Certifications
Bachelor's degree