Senior Underwriter, High Net Worth, UW&C Services

Senior Underwriter, High Net Worth, UW&C Services

Job Description The Role The Lead, High Net Worth Underwriting is responsible for supporting the development, implementation and ongoing evolution of Pacific Life Re's High Net Worth (HNW) underwriting proposition, supporting HNW business globally and enabling knowledge-sharing, technical collaboration and consistent best practice across markets. The role serves as the technical leader for High Net Worth underwriting, providing specialist expertise across medical, financial and non-medical risk assessment while supporting profitable and sustainable portfolio growth. Working closely with clients, distribution partners and internal stakeholders, the role is responsible for delivering competitive, consistent and commercially focused underwriting solutions for complex and high-value life insurance risks. The role also contributes to the development of underwriting philosophy, governance frameworks, operating models, technical standards and market capabilities that support Pacific Life Re's broader HNW strategy. As a recognised subject matter expert, the role provides leadership on complex underwriting cases, client engagements, proposition development initiatives and emerging underwriting challenges while promoting underwriting excellence, innovation and continuous improvement. The role maintains collaborative relationships with underwriting, claims, product, risk and reinsurance stakeholders across Pacific Life Re and the broader Pacific Life enterprise to leverage global expertise, share insights and support the ongoing development of the HNW proposition.

Key Responsibilities

High Net Worth Underwriting

• Assess and underwrite complex and high-value life insurance risks in accordance with underwriting philosophy, delegated authorities and risk appetite.
• Deliver sound, timely and commercially competitive underwriting decisions while maintaining strong mortality and morbidity management.
• Evaluate medical, financial and non-medical information to determine appropriate risk classification and underwriting outcomes.
• Assess large and complex cases involving significant sums assured, business ownership structures, family wealth arrangements, private wealth considerations and other specialised HNW risk exposures.
• Determine appropriate underwriting requirements, risk mitigation strategies and referral pathways where required.
• Provide technical leadership and decision support for complex underwriting referrals and exceptional risks.
• Maintain underwriting decisions and documentation that are consistent, transparent and defensible.

Proposition Development & Strategy

• Develop and refine Pacific Life Re's HNW underwriting proposition.
• Maintain underwriting standards and practices that support growth and risk management.
• Design scalable underwriting models for future growth.
• Develop approaches for emerging and complex HNW risks.
• Develop HNW authorities, governance and technical guidelines.
• Provide expertise for strategic initiatives and proposition reviews.
• Monitor market trends and opportunities for innovation.

Financial Underwriting Leadership

• Conduct sophisticated financial underwriting assessments involving complex income structures, asset portfolios, business interests, trusts and wealth accumulation strategies.
• Evaluate insurable interest and economic justification for large life insurance exposures.
• Assess sources of wealth and financial legitimacy in support of underwriting and compliance requirements.
• Identify concentration risks and accumulation exposures across individuals, families, businesses and related entities.
• Provide specialist guidance and technical leadership on financial underwriting matters.
• Support development of financial underwriting guidelines and best practices for High Net Worth business.

Client Engagement & Market Development

• Develop and maintain trusted relationships with clients, distribution partners and key stakeholders.
• Participate in client meetings, workshops, audits, training programmes and technical consultations.
• Provide technical underwriting expertise supporting business development initiatives and client retention activities.
• Contribute to Pacific Life Re's market presence through thought leadership, technical presentations and industry engagement activities.

Reinsurance & Portfolio Management

• Support management of underwriting relationships associated with High Net Worth business.
• Facilitate review and assessment of complex facultative opportunities and large case referrals.
• Provide underwriting expertise supporting portfolio management activities and risk ass