Director, HNW Underwriting

Prudential is seeking an experienced Director, HNW Underwriting to support the Bermuda High Net Worth (HNW) business. The successful candidate will be responsible for executing end-to-end underwriting for complex, high-value life insurance cases.

The Director, HNW Underwriting will handle large and complex HNW/UHNW cases, support reinsurer engagement, and act as a key escalation and guidance point for junior underwriters. The role also supports claims adjudication and post-issuance underwriting activities, ensuring consistency with underwriting philosophy and risk appetite.

Key Responsibilities:

• Manage and execute end-to-end underwriting assessments for Bermuda-based policies within assigned authority limits
• Underwrite complex HNW/UHNW cases, including multi-jurisdictional structures and large sum assured policies
• Conduct medical and financial underwriting, including assessment of source of wealth/funds, insurable interest, and complex ownership structures
• Assess medical evidence and determine appropriate underwriting outcomes
• Define and manage evidence and requirements strategies for complex cases
• Ensure consistent, well-documented decisions aligned with underwriting guidelines and relevant regulations
• Support claims adjudication activities, including review of underwriting decisions at claim stage
• Assess post-issuance changes and ensure continued alignment with underwriting standards
• Identify and escalate potential underwriting risks, including anti-selection and fraud indicators
• Support portfolio performance monitoring by reviewing prepared portfolio reports and developing proposed remediating actions
• Manage case pipeline to meet turnaround time and service standards
• Partner with distribution teams, brokers, and case managers on complex case structuring
• Communicate underwriting decisions clearly and professionally
• Provide guidance and support to junior underwriters on complex case handling
• Contribute to knowledge sharing and continuous improvement of underwriting practices

Requirements & Qualifications:

• University graduate, preferably in Business, Risk Management, Actuarial Science, or a related discipline
• 8-15 years of life underwriting experience, with at least 4 years of exposure to HNW/large case underwriting
• Professional qualification in Life Insurance, e.g., FLMI, ALU, etc.
• Solid experience in dealing with Reinsurers, Compliance, Legal, and Distribution teams
• 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 analytical and judgement skills for complex case assessment
• Ability to manage high-value cases under time pressure
• Strong communication and stakeholder management capabilities
• Experience mentoring junior team members