Pru · Fort Washington, PAPrepare for this interview
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Job Classification: Operations - Insurance Operations Business Overview: 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 Group Underwriter is accountable for underwriting Group Life, Disability, Voluntary or Special Risk proposals, renewals and on-going case activity in accordance with statutory regulations and existing underwriting policies and practices, assessing risk and making and communicating decisions in a manner which contributes to the profitability of the product and reputation of the company. Main Job Responsibilities/Competencies : Asses, calculate and specify the conditions under which Prudential is willing to accept risk 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. Demonstrates consistency and increased independence in the application of Underwriting judgment, formulating pricing decisions, negotiating within their authority limit, development of standard reporting requests and utilization of the pricing tools/applications and other resources. Premier market segment: Generally able to handle a medium volume of low to medium complexity cases with minimal assistance. Can more independently prioritize and balance multiple competing priorities with limited guidance. Independently communicate with internal partners. Actively engages in supporting the positive consultative outcomes crucial to our long-term success through the application of growing underwriting and business expertise. Creates accurate offers, standard experience reports and/or evaluations, and projections for assigned accounts. Developing business acumen for decision making and problem solving and building knowledge of the organization, processes and customers. Maintains updated records and case files in accordance with underwriting and records policies & procedures. May contribute to projects
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