Posted in Insurance 8 days ago.
Job Classification:Operations - Insurance Operations
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.
Main Job Responsibilities/Competencies:
Generally able to handle a medium to high volume of low to medium complexity cases with minimal support.
Assesses, calculates and specifies the conditions under which Prudential is willing to accept risk on group life and disability business for prospective and 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, handles standard reporting requests and has a strong command of rating/tools applications and policies and procedures.
Independently communicates and negotiates with internal partners.
Actively engages in supporting the positive consultative outcomes crucial to our long-term success
Creates accurate offers, standard experience reports and/or evaluations, projections for assigned accounts and handles more customized reporting requests.
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
Acts as a subject matter expert for low complexity topics.
May handle a limited number of customized reporting requests.
Serves as a resource for less experienced underwriters
Expected to contribute to projects as a team member
Group Life and/or Disability underwriting experience, preferably 3+ year
Bachelor’s degree or equivalent work experience Ability to work independently
Strong time management and organizational skills
Ability to prioritize work with limited oversight
Results and profit oriented Strong Analytical and mathematical skills.
Proficient with Microsoft Office and email software
*Note: Prudential is required by Colorado law to include the salary range for this role when hiring a Colorado resident.
Salary range specific to Colorado: $61,600-83,500+ discretionary incentive bonus + benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.
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 firstname.lastname@example.org 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 email@example.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 firstname.lastname@example.org to request assistance.
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