[Remote] Underwriting Managing Director at Pacific Life

Illinois, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

10+ years of experience, typically including management experience
4-year degree or equivalent experience
Comprehensive understanding of concepts and principles within own family and knowledge of others
Ability to manage multiple related teams, set organizational priorities, and allocate resources
Ability to identify and resolve complex technical, operational, and organizational problems

Responsibilities

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 pertinent information
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
Provides leadership to managers and professional staff
Develops departmental plans, including business, production, and/or organizational priorities
Makes decisions guided by resource availability and functional objectives

Skills

Key technologies and capabilities for this role

UnderwritingRisk AssessmentMortality RiskMorbidity RiskInsurance AppraisalMedical History EvaluationFinancial AnalysisLeadershipTeam ManagementResource AllocationOrganizational Planning

Questions & Answers

Common questions about this position

Is this underwriting position remote?

Yes, this is a remote position.

What is the base pay range for this role?

This information is not specified in the job description.

What experience is required for the Underwriting Managing Director role?

Candidates need 10+ years of experience, typically including management experience, and a 4-year degree or equivalent experience.

What does the company culture at Pacific Life emphasize?

Pacific Life emphasizes collaboration, innovation, work-life balance, support, and an inclusive workforce where people come first.

When do benefits start for new employees?

Your benefits start on day 1.

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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