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

Requirements

Candidates should have 0-2 years of experience and typically require a 4-year degree or equivalent experience. Conceptual knowledge of theories, practices, and procedures within a family is also required.

Responsibilities

The Associate Underwriter will appraise and underwrite insurance applications to assess mortality and morbidity risk according to company guidelines. They will determine whether to accept, modify, or decline a risk by evaluating an individual's medical history, physical condition, occupation, financial background, and other pertinent information. The role involves consulting with superiors or the medical department on questionable cases and gathering information from the field force. This position has the authority to approve cases up to specific standard and substandard limits.

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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