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Director, Group Life & Disability Underwriting

Prudential


Location:
Fort Washington, PA
Date:
04/20/2018
2018-04-202018-05-19
Job Code:
465038
Prudential
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Job Details

Position Title: Director, Group Life & Disability Underwriting
Job Code: 465038
Job Location: Pennsylvania-Fort Washington
Description:

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 Director leads a team of underwriters or underwriting support functions responsible for the risk assessment and financial underwriting for employer groups within the underwriting department.  They will be accountable for the team’s performance and results, potentially including meeting revenue, persistency and profitability targets.  The Director effectively uses strong organization, leadership and superior technical skills to develop the staff’s underwriting and business acumen.

 

Main Job Responsibilities:   

  • Daily leadership of the team, including managing workflow, case assignments and staffing.
  • Responsible for 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.
  • Financial responsibility for assigned book of business. including attainment of profitability (pricing target), revenue, and persistency goals with strong decision making and influencing skills
  • 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.
  • Perform/support quality review efforts and accountable for team’s adherence to all policies and procedures
  • Accountable for actively monitoring both financial and process execution performance and providing clear feedback, direction, and training as needed to improve consistency and quality of performance throughout the team.
  • Collaborate with partners across functional lines to meet organizational objectives.   Frequent interaction with other Underwriting teams, Distribution, Actuarial, Claims and other functional and control units.  
  • Independently communicate and negotiate with both internal partners and external partners including key clients, brokers, and consultants (i.e. finalist meetings, training, town halls, renewal discussions, sales meetings).
  • Actively engage in supporting the positive consultative outcomes crucial to our long-term success including case reviews
  • Serve as a role model and change champion. 
  • Lead or contribute to cross-functional projects/key strategic initiatives that help drive pricing strategy and set the strategic direction for the business unit.
  • Contribute new strategic ideas that could lead to process efficiencies and/or product development and help drive pricing strategy decisions and setting strategic direction for the business unit.  Expected to educate, inform, influence Senior Leadership of GI regarding business decisions that affect portfolio results. 
  • Responsible for the development and execution of policies/procedures.
  • May include travel, has a visible presence in support of market/regional level strategies.

  • Candidates should have a minimum of 10 years Group Insurance Life and/or Disability Product, Underwriting, Financial or other equivalent experience. 
  • Possess strong business acumen, general business writing, organization, presentation and time management   skills
  • Strong leadership, training and mentoring skills
  • Comfort level dealing with numbers, analytics, and problem solving
  • Proficient in Microsoft WORD, Access, and PowerPoint
  • Excellent EXCEL skills
  • Excellent written and verbal skills with internal/external clients
  • Resourcefulness, flexibility and creativity
  • Ability to work independently as well as in a team environment
  • Ability to generate creative solutions; proactive problem solver

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.
Job Function: Underwriting
Schedule: Full-time
Apply on the Company Site
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