Jobs · Finance · New Jersey

Director, Group Underwriting

Prudential Financial · Newark, NJ · 3 wk ago
Finance$136k–$204k/yrFull-time

About the Role

Prudential's Group Insurance business delivers life, disability, absence, and supplemental health solutions that help employers support their workforce and employees protect what matters most. As Director, Group Underwriting, you will lead a regional team responsible for underwriting and risk management across our Premier and National Accounts segments. This role oversees a portfolio of complex group insurance business while driving profitable growth, retention, and risk management outcomes. You will partner closely with Distribution, Actuarial, Claims, Product, and other business stakeholders to develop market strategies, optimize underwriting performance, and ensure consistent execution across a diverse client portfolio.

Responsibilities

  • Leadership & Talent Development
    • Lead, coach, and develop a high-performing team of underwriting professionals.
    • Foster a culture of accountability, collaboration, innovation, and continuous learning.
    • Drive talent management strategies, including recruitment, succession planning, employee development, and performance management.
    • Serve as a visible leader and change champion, helping teams navigate evolving business priorities and organizational initiatives.
  • Portfolio Management & Business Performance
    • Own underwriting results for an assigned portfolio, including profitability, revenue growth, retention, and risk management outcomes.
    • Monitor portfolio trends, emerging risks, and financial performance to identify opportunities and drive informed business decisions.
    • Ensure consistent underwriting practices and sound risk selection across the team's book of business.
    • Leverage market intelligence, experience data, and performance metrics to optimize portfolio results.
  • Strategic Leadership
    • Contribute to segment, region, and enterprise-wide business planning initiatives.
    • Help shape underwriting and pricing strategies that support long-term growth objectives.
    • Influence business decisions through data-driven recommendations and industry expertise.
    • Identify opportunities to improve operational efficiency, underwriting effectiveness, and customer outcomes.
  • Client & Partner Engagement
    • Build strong relationships with internal stakeholders, brokers, consultants, and key customers.
    • Partner closely with Distribution, Actuarial, Claims, Product, Finance, and other functional teams to deliver effective underwriting solutions.
    • Participate in high-profile case consultations, negotiations, and client discussions as needed.
    • Represent Underwriting in strategic business discussions and support market-facing initiatives.
  • Governance & Operational Excellence
    • Ensure adherence to underwriting guidelines, risk management standards, and regulatory requirements.
    • Lead quality review activities and operational oversight efforts to maintain consistency and excellence across the team.
    • Drive continuous process improvement initiatives that enhance efficiency, transparency, and customer experience.
    • Support the development, implementation, and ongoing refinement of underwriting policies and procedures.

Requirements

  • 10+ years of Group Insurance underwriting experience with expertise in Life and Disability products.
  • Proven leadership experience managing and developing underwriting professionals.
  • Demonstrated success managing complex portfolios while delivering strong profitability, growth, and retention results.
  • Strong understanding of underwriting principles, pricing methodologies, and risk management practices.
  • Excellent analytical, financial, and problem-solving capabilities.
  • Exceptional communication, presentation, negotiation, and relationship management skills.
  • Ability to influence and collaborate effectively across multiple stakeholder groups and levels of leadership.
  • Strong organizational skills with the ability to manage competing priorities in a fast-paced environment.

Preferred Qualifications

  • Supplemental Health underwriting experience.
  • Experience working with Premier and/or National Accounts business segments.
  • Advanced proficiency in Excel and data analysis tools.
  • Experience leading strategic initiatives, process improvements, or transformation efforts.
  • Knowledge of industry trends, competitive market dynamics, and evolving regulatory environments within Group Insurance.

What You'll Bring

  • Strategic mindset with a focus on driving business results.
  • Strong leadership presence and executive-level influence skills.
  • Customer-focused approach to decision-making and problem solving.
  • Ability to balance growth, risk management, and client needs.
  • Passion for developing talent and building high-performing teams.
  • Continuous improvement mindset and willingness to challenge the status quo.

Benefits

  • Market competitive base salaries, with a yearly bonus potential at every level.
  • Medical, dental, vision, life insurance, and disability insurance.
  • Paid Time Off (PTO) and leave of absences, such as parental and military leave.
  • 401(k) plan with company match (up to 4%).
  • Company-funded pension plan.
  • Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
  • 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.
  • Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
  • Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).
  • Eligibility to participate in a discretionary annual incentive program.

Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Pay

The salary range for this role is from $136,200.00 to $204,400.00. 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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