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 nations second largest group life carrier and a leading disability carrier, proudly servicing nearly 20,000 clientsand insuring more than 20 million employees and their families. Group Insurance has operation centers across the United States.
The Underwriting Consulting Director of the UW Excellence Technical Services team has advanced technical underwriting skills and is recognized as a technical expert within the organization. The UW Consulting Director acts as a technical subject matter expert and coach and is accountable for advancing the Underwriting skill set across all market segments and products, with a focus on National Accounts Provides a leading role in the analysis and/or handling of complex situations with increased focus on client and company objectives augmented by his/her underwriting and business expertise.
Responsibilities include:
Conducts case reviews for select NAO size cases prior to release based on identified criteria and to identify opportunities for improvement
Reviews NAO cases post release to assess underwriting accuracy and consistency, compliance with product offerings, policy and regulatory requirements as well as underwriting judgment and alignment with pricing strategies.
Improves bench strength of staff through coaching, development and implementation of training and development strategies, focused on continuous development of more senior underwriters. Develops underwriters in the analysis and assessment of risk. Coaches underwriters through daily interactions.
Provides expert guidance and consultation on complex cases.
Collaborates with partners within and across functional lines to align team objectives with organizational initiatives. Frequent interaction with UW management, quality review, knowledge management and strategy teams.
Develops and supports the control environment.
Regularly evaluates work processes and tools with a focus on continuous improvement to achieve business objectives and makes recommended changes.
Evaluates complex group insurance and underwriting concepts and procedures and demonstrates the ability to translate them into concise and easy to understand guidelines, policies and procedures.
Provides strategic and consultative solutions, consistently making decisions based on the business portfolio, strategic plan, the competition and company policy and procedures. Seizes opportunities to support strategic goals.
Key contributor to the development of pricing strategy, multi- year forecasting and formula pricing adjustments
May lead cross functional projects or represent Underwriting as a subject matter expert.
May handle case work as needed
Supports the knowledge management team in the development and presentation of technical underwriting concepts in training sessions.
Qualifications:
Strong technical background in group insurance Life and/or Disability underwriting (10+ years)
Ability to understand complex case characteristics, which may include but not limited to participating cases, non-standard provisions, funding and reinsurance arrangements.
Skilled at interpreting and communicating financial business drivers (10+ years)
Excellent oral and written communications skills
Strong leadership skills to influence culture and drive desired outcomes
Demonstrated passion for talent excellence
*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: ($120,300 - $162,700) + 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.
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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 staffingagencies@prudential.com 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 email accommodations.hw@prudential.com.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
