Job Classification:
Operations - Insurance Operations
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!
The Director, Group Underwriting leads a regional team of underwriters responsible for the risk assessment and financial underwriting for employer groups in their segment. They will be accountable for the team’s performance and results, 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.
The current employee work arrangement for this position is hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.
What you can expect:
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Daily leadership of the regional territory, including managing workflow, case assignments and staffing.
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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.
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Financial responsibility for assigned book of business. including attainment of profitability (pricing target), revenue, and persistency goals with strong decision making and influencing skills.
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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.
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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.
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Perform/support quality review efforts and accountable for team’s adherence to all policies and procedures.
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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.
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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.
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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).
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Actively engage in supporting the positive consultative outcomes crucial to our long-term success including case reviews.
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Serve as a role model and change champion.
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Lead or contribute to cross-functional projects/key strategic initiatives that help drive pricing strategy and set the strategic direction for the business unit.
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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.
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Responsible for the development and execution of policies/procedures.
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May include travel, has a visible presence in support of market/regional level strategies.
What you’ll need:
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Candidates should have a minimum of 10 years Group Insurance Life and/or Disability Product and Underwriting experience.
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Possess strong business acumen, general business writing, organization, presentation, and time management skills.
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Strong leadership, training, and mentoring skills.
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Comfort level dealing with numbers, analytics, and problem solving.
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Proficient in Microsoft WORD, Access, and PowerPoint.
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Excellent EXCEL skills.
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Excellent written and verbal skills with internal/external clients.
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Resourcefulness, flexibility, and creativity.
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Ability to work independently as well as in a team environment.
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Ability to generate creative solutions, proactive problem solver.
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:
Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.
We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
#LI-RRJ
What we offer you:Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $141,100.00 to $191,000.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
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Market competitive base salaries, with a yearly bonus potential at every level.
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Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
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401(k) plan with company match (up to 4%).
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Company-funded pension plan.
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Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
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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.
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Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
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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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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.
If you need an accommodation to complete the application process, please email [email protected].
If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.
What We Do
PGIM, the investment management business of Prudential Financial, Inc.* is a multi-manager that delivers industry-leading strategies and solutions to clients. Each business maintains its own investment process and culture, allowing for a singular focus on delivering investment returns for clients.
The PGIM businesses offer investors a wide range of investment strategies across asset classes and geographies, including public equities, public and private fixed income, commercial mortgages and real estate. Clients of PGIM can rely on superior long-term performance, risk management expertise and innovative products to help them realize a wide range of business objectives.
In addition, PGIM uses its collective knowledge and business expertise to work with public, private and non-profit sector partners to create solutions that address critical social issues that have an enduring impact.
*Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
