PBIL HNW Underwriter

Prudential is seeking a highly motivated, customer-focused, and technically proficient High Net Worth (HNW) Underwriter to support its global HNW life insurance business.

The role is responsible for delivering consistent, timely, and well-supported underwriting decisions that are in line with Prudential's underwriting philosophy, risk appetite, governance standards, and service commitments.

Key Responsibilities

Underwriting Execution

• Execute underwriting assessments for Bermuda-based policies within assigned authority limits
• Handle standard to moderately complex HNW cases in line with underwriting guidelines
• Conduct medical and financial underwriting, including assessment of source of wealth/funds and insurable interest
• Review medical evidence and determine appropriate underwriting outcomes
• Support evidence gathering and requirements management
• Ensure accurate and complete documentation of underwriting decisions, aligned with underwriting guidelines and relevant regulations
• Build trusted broker and client relationships through thoughtful risk assessment, constructive negotiation, and clear communication of underwriting decisions, requirements and value proposition
• Maintain current, in-depth knowledge of medical and financial risk factors, life underwriting principles and practices, clinical testing and evolving medical procedures to ensure accurate, evidence-based risk assessments
• Demonstrate flexibility to work with some non-standard hours, as required, to support effective collaboration with Prudential offices, distribution partners, and brokers operating across different time zones

Claims & Post-issuance Underwriting

• Support claims adjudication activities, including review of underwriting decisions at claim stage
• Assess post-issuance changes and ensure continued alignment with underwriting standards

Performance & Service Delivery

• Support portfolio performance monitoring by preparing portfolio reports (for key metrics e.g., loss ratio, expense ratio, etc.), extracting initial view on trends based on data and developing proposed remediating actions for senior underwriter review
• Manage case workload to meet turnaround time (TAT) and service standards
• Maintain high levels of accuracy and quality in underwriting decisions
• Consistently achieve excellent individual audit review results

Stakeholder Engagement

• Work with case managers, brokers, and distribution teams to support case progression
• Communicate underwriting decisions clearly and professionally

Requirements & Qualifications

• University graduate, preferably in Business, Risk Management or a related discipline
• 4–8 years of life underwriting experience, with 1-2 years of exposure to HNW segment
• Professional qualification in Life Insurance e.g., FLMI (Fellow, Life Management Institute), Academy of Life Underwriting (ALU), etc.
• Experience in dealing with Reinsurers, Compliance, Legal and Distribution teams (e.g., Agency, Bancassurance and Brokerage)
• Proficient in English, both verbal and written
• Proficient in using Microsoft applications, e.g., Excel, PowerPoint, Word etc.
• Experience in multi-jurisdictional or offshore insurance environments preferred

Preferred Attributes

• Strong attention to detail and analytical skills
• Ability to manage multiple cases and meet deadlines
• Willingness to learn and develop in HNW underwriting
• Good communication and teamwork skills