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VP, Group Underwriting - National Accounts Northeast & Government Customer Units

Date Posted: Jan 12, 2022

Location: Bridgewater, NJ, US, 8807

Company: MetLife

Position: VP Group Underwriting, National Accounts, Northeast & Government Customer Units

 

Job Location: Bridgewater, NJ

 

Department:  National Accounts Underwriting

 

Group Benefits

The Group Benefits organization is responsible for the strategic direction, growth, and management of MetLife's industry leading U.S. employee benefits business. With over 1,500 MetLife employees delivering value to over 50,000 U.S. customers and approximately 41 million U.S. employees and their dependents, Group Benefits serves as a key growth engine for MetLife. Strategically aligned to three foundational pillars - Advocacy, ​Expertise, and Simple & Easy - Group Benefits is focused on helping employers unlock the greatest value from their benefit programs, brokers build long-term relationships with their clients, and employees achieve financial wellness. We work directly with customers or through brokers, exchanges, and other third parties to distribute our broad range of Group Life, Dental, Vision, Group Disability, Global Services, Total Absence Management, Accident, Hospital Indemnity, Critical Illness, Pet, HS&SA, and Legal Plan products and services. Group Benefits sells a broad portfolio of insurance solutions to employers and other eligible groups helping to make MetLife the largest provider of group employee benefits in the United States.

 

The National Accounts Underwriting Department works closely with our NA Sales and Service Organizations in pursuing profitable growth for the Company.  We underwrite a broad range of group insurance products to provide an attractive benefits package for employees looking for financial protection.  The benefits we offer include Life, Dental, Vision, Disability, Total Absence Management, Accident, Hospital Indemnity, Critical Illness, Pet, HS&SA, and Legal Plan products and services.

 

The Role

You will serve as the lead financial officer associated with the Northeast 2 Customer Unit, as well as the Government Unit in National Accounts, providing financial and technical guidance for a significant portion of our National Accounts business (customers and prospects). The block of business has annual revenue in excess of $1.5 billion. Responsibilities include approving underwriting and pricing as well as making pricing decisions in direct negotiations with customers and their intermediaries and serving as the National Accounts liaison to the various financial and product units.  You will be managing the total customer experience that includes outcomes aimed at profitable growth including earnings, revenue, and expense management. You will also be providing risk evaluation and price setting ensuring overall profitability and revenue growth of the product or book of business.  Additionally, the role will be responsible for developing and analyzing financial reports which includes identification of regional and national trends which can be used by sales, service, finance, and underwriting to drive business results.

 

You will direct and lead a team responsible for underwriting functions in support of the NA Customer Unit and will have responsibility for hiring, firing, promotions, performance and compensation management, and training and development. 

 

Key Relationships:

  • Reports to: Vice President, National Accounts Underwriting
  • Reports: Team of eight National Account underwriters
  • Key Stakeholders: Sales, Product and Finance

 

Key Responsibilities:

  • Development and final approval of pricing for new business and renewals for the Federal Government Unit which includes the FEDVIP Dental and Vision plans, and Northeast 2 National Accounts prospects and customers.
  • Serve as the lead financial officer associated with the Northeast 2 customer unit and the Federal Government unit.  In addition to approving underwriting and pricing, duties include earnings analysis, recommendations for changes to enhance performance, the maintenance of financial discipline within the customer unit ensuring that all financial procedures and guidelines are followed, and functioning as the National Accounts liaison with the various financial and product areas. 
  • Directly negotiate profitable financial arrangements with customers, prospects, and their intermediaries.
  • Develop and train an underwriting staff to handle all aspects of renewal, new business, and revision pricing.

 

Essential Business Experience and Technical Skills:

  • Strong skills required in the following areas: risk analysis; technical ability; relationship building; communication skills.
  • 10-15+ years of large group underwriting experience.
  • Strong record of success in leading business growth with P&L responsibility is preferred.
  • Able to operate effectively while managing multiple assignments in time sensitive environment.

Undergraduate degree required.  Actuarial designation or MBA degree preferred.

 

MetLife Success Principles

  • Experiment with Confidence – Courageously learn and test new ideas without fear of failure
  • Act with Urgency – Demonstrate speed to action with agility and determination
  • Seek Diverse Perspectives – Source ideas and feedback to expand thinking and make informed decisions
  • Seize Opportunity – Drive responsible growth and identify areas for continuous improvement
  • Champion Inclusion – Foster an environment where everyone is valued, heard, and can speak up
  • Create Alignment – Partner with others across the organization with candor and transparency
  • Take Responsibility – Be accountable and act in pursuit of the right outcomes
  • Enable Solutions – Anticipate and address obstacles while managing risk
  • Deliver What Matters – Execute meaningful priorities and follow through on commitments