Pacific Life

Associate Underwriter

Illinois, United States

Not SpecifiedCompensation
Entry Level & New Grad, Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Financial ServicesIndustries

About Pacific Life

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

Job Description

We’re actively seeking a talented Associate Underwriter. This position can be remote.

Appraises and underwrites applications for insurance to assess mortality and morbidity risk with company guidelines to assure equitable treatment of policyholders and producers and to meet the company's financial objectives. Determines whether to accept, modify or decline a risk through evaluation of an individual's medical history or physical condition, occupational hazards, financial background, insurable interest and other information pertinent to the decision. Consults with superiors or medical department concerning any questionable medical or personal situations. Has contact with the field force to gather information on which to base decisions. Has authority to approve cases up to specific standard and substandard limits.

How You’ll Help Move Us Forward

  • Performs routine assignments in the entry level to a professional job progression.
  • Typically requires a college or university degree that provides knowledge and exposure to.
  • Develops competence by performing structured work assignments.
  • Requires conceptual knowledge of theories, practices and procedures within a family.
  • Uses existing procedures to solve routine or standard problems.

The Experience You Bring

  • 0-2 years of experience
  • Typically requires a 4-year degree or equivalent experience

Employment Type

  • Full time

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.

  • Prioritization of your health and well-being including Medical, Dental, Vision, and a Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
  • Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
  • Paid Parental Leave as well as an Adoption Assistance Program
  • Competitive 401k savings plan with company match and an additional contribution regardless of participation.

Base Pay Range

The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

Inclusive Workforce

You can be who you are. People come first here. We’re committed to an inclusive workforce.

Skills

Underwriting
Risk Assessment
Medical History Evaluation
Occupational Hazard Assessment
Financial Background Analysis
Insurance Application Processing

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters
1868Year Founded
$189.4MTotal Funding
N/ACompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Paid Vacation
Paid Parental Leave
Adoption Assistance
401(k) Retirement Plan
401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.
Potential financial exposure from significant real estate investments.
Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.
Recognized as a top community-minded company, enhancing brand reputation and trust.
Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.
Enhanced annuity products offer flexibility and growth, increasing product attractiveness.
Strong real estate financing position opens more sector opportunities.

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