OPINION OF THE COURT
SLOVITER, Circuit Judge.Appellant Joseph Weinberger appeals from the grant of summary judgment in favor of Defendant Reliance Standard Life Insurance Company in Weinberger’s action alleging that Reliance wrongfully denied him long-term disability benefits in violation of the Employee Retirement Income Security Act of 1974, 29 U.S.C. §§ 1001, et seq. (hereafter “ERISA”).1 This appeal timely followed.
Weinberger asserts that the District Court misapplied the standard of review applicable to decisions by fiduciaries who have a conflict of interest acting with grants of discretion under ERISA plans, as set forth in our holding in Pinto v. Reliance Standard Life Ins. Co., 214 F.3d 377 (3d Cir.2000). We agree. Therefore, we believe that the District Court should decide in the first instance, using the appropriate standard, whether Weinberger, who has Parkinson’s Disease, has established an issue of material fact as to his entitlement to long term disability benefits.
I.
In 1997, Weinberger sold his printing business to Xyan, Inc. and became the Director of Business Development at Xyan. His job responsibilities primarily required him to travel by car and to maintain good relations with Xyan’s printing customers. As a Xyan employee, Weinberger participated in the group long-term disability plan and policy underwritten by Reliance. That policy grants Reliance, as Xyan’s ERISA plan fiduciary and insurer, discretionary authority to determine eligibility for benefits. The policy provides long-term disability benefits to full-time employees who are totally disabled, following a 90-day elimination period. Reliance *555concedes that it was not only the plan administrator but also its funder.
Weinberger, who was first diagnosed with Parkinson’s Disease in early 1990, filed a claim for disability benefits with Reliance on June 21, 1999, shortly following Xyan’s termination of Weinberger’s employment on April 29, 1999.2 Reliance denied Weinberger’s claim, stating that the medical evidence submitted was insufficient to establish that Weinberger was “totally disabled” at or before the time of his termination from employment and for ninety days thereafter. On February 18, 2000, in response to Weinberger’s appeal from the denial of benefits, Reliance reaffirmed its decision.3
II.
We exercise jurisdiction under 28 U.S.C. § 1291. Our review of the District Court’s grant of summary judgment is plenary and we must affirm summary judgment if there is no genuine issue of material fact and the moving party is entitled to judgment as a matter of law. See Celotex Corp. v. Catrett, 477 U.S. 317, 322-23, 106 S.Ct. 2548, 91 L.Ed.2d 265 (1986). Where a factfinder could conclude that the defendant’s decision to deny benefits “was the result of self-dealing instead of the result of a trustee carefully exercising its fiduciary duties to grant” benefits due under the insurance plan, summary judgment is “inappropriate, for there is a genuine issue of material fact' as to whether [the defendant] acted arbitrarily and capriciously.” Pinto, 214 F.3d at 394.
III.
When an ERISA plan grants discretionary authority to a fiduciary or administrator to construe the terms of the plan, the District Court’s grant of summary judgment is made under an arbitrary and capricious standard. See Nazay v. Miller, 949 F.2d 1323, 1334 (3d Cir.1991); Stoetzner v. U.S. Steel Corp., 897 F.2d 115, 119 (3d Cir.1990). Under this standard of review, the fiduciary’s decision must generally be affirmed unless it was “without reason, unsupported by substantial evi*556dence or erroneous as a matter of law.” Abnathya v. Hoffman-La Roche, Inc., 2 F.3d 40, 45 (3d Cir.1993) (quotation omitted).
Where, however, the plan fiduciary making decisions on eligibility for benefits acts under a conflict of interest, that fiduciary’s decisions are subjected to a heightened arbitrary and capricious standard of review. See Pinto, 214 F.3d at 387-89. Under this standard, the degree of deference normally given is lessened, along a “sliding scale”, to the degree determined by the District Court to be appropriate to offset any adverse effect of the conflict of interest. Id. at 393. Although the fact that the decision-maker was also the insurer of the plan may not in itself warrant application of the least deferential standard of review, see, e.g., Cozzie v. Metropolitan Life Ins. Co., 140 F.3d 1104, 1108 (7th Cir.1998), a “high degree of skepticism” is necessitated in the presence of other extrinsic evidence of bias, such as procedural irregularities or inconsistent treatment of factual information. See Pinto, 214 F.3d at 393-94.
IV.
Here, as in Pinto, Reliance is acting as both the decision-maker regarding an employee’s eligibility for benefits and the prospective payor of those benefits; that is, it has a financial self-interest at stake.4 The District Court expressed the view that, standing alone, the conflict resulting from the fact that the decision-maker would be paying the benefits warranted review applying a “moderately deferential” standard, and thereupon applied that standard in this case because there was no “extrinsic evidence” that the decision to deny benefits was affected by the self-interest of the decision-maker. However, here, as in Pinto, we find aspects of Reliance’s decision-making procedure troubling.5 We note that the administrator rejected the only medical evidence by a physician who had examined the plaintiff, and her consistent opinions that Mr. Weinberger was indeed totally disabled as of May 1, 1999 were not contradicted by any other professional opinion. The administrator noted, but treated as essentially irrelevant, the fact that the Social Security Administration had determined, on the basis of its medical examination in October 1999, that Mr. Weinberger was totally disabled as of April 29,1999.
Moreover, in assessing Weinberger’s inability to perform the material duties of his occupation, Reliance employed the Department of Labor’s Description of Occupation Titles, more specifically, its general description of a sales manager’s duties. Reliance’s utilization of this generic agency description, with its assumption of a sedentary occupation with minimal physical demands, appears inappropriate, particularly in light of Weinberger’s provision, along with his disability claim, of a job description setting forth the actual requirements of his position, including his travel requirements.6 The District Court concluded that Reliance’s utilization of the agency description was harmless because the record *557failed to establish that Weinberger was required to travel frequently or regularly, or “that any travel by car was anything other than sedentary.” App. at 14 (Weinberger v. Reliance Standard Life Ins. Co., No. 00-4305 (D.N.J. Aug. 23, 2001)). However, it is fair to infer that one whose job responsibilities include travel to client sites and to trade shows, as set forth in the Occupational Analysis provided with Weinberger’s claim, is not expected to remain seated upon arrival at his destination.7
WTiile we are not persuaded that the overall review procedure employed by Reliance in this case was as egregiously defective as that which it employed in Pinto, we are nonetheless concerned that a review of the merits of Reliance’s interpretation of Weinberger’s eligibility suggests that it was not, in some respects, “ ‘consistent with an exercise of discretion by a fiduciary acting free of the interests that conflict with those of the beneficiaries.’ ” Pinto, 214 F.3d at 391 (quoting with approval Doe v. Group Hospitalization & Medical Services, 3 F.3d 80, 87 (4th Cir. 1993)). We believe that the “moderate” scrutiny applied by the District Court was, in these circumstances, unduly deferential.
V.
To be eligible for long-term disability benefits under the terms of the relevant plan, Weinberger must have been totally disabled from employment prior to the date of his termination by Xyan, i.e., prior to April 29, 1999. As we noted above, there is a question whether the medical evidence submitted by Weinberger sufficiently established that at the time of his termination he was totally disabled because of his Parkinson’s Disease from performing his principal job requirements of driving and developing and maintaining relations, e.g. socializing, with Xyan customers.8 We do not decide that issue because we believe that the District Court should, in the first instance, decide the merits of the case using the correct standard of review.
VI.
For the reasons set forth above, we will vacate the District Court’s order and remand for further proceedings consistent with this opinion.
. Weinberger’s Complaint also alleges causes of action for breach of contract, bad faith, denial of benefits, and breach of the duty of good faith and fair dealing. He has not pressed those claims on appeal and therefore is deemed to have waived them.
. Pursuant to the terms of his employment agreement, Weinberger could be terminated for any reason.
. The medical records submitted in connection with Weinberger's disability claim included:
(1) Records of Weinberger's treating physician, Dr. Mark, covering four office visits from June 9, 1998 through November 2, 1999. These records indicate that Weinberger suffered from Stage II Parkinson's disease, but do not include specific ways in which his ability to perform his job was impaired. To the contrary, the only mentions of any specific disability are (1) an October 5, 1999 report to Reliance stating that Weinberger’s symptoms then included, among other things, gait and posture disturbances, general physical and mental slowing, some motor disturbance, and tremor; and (2) a notation of Weinberger’s November 2, 1999 office visit regarding his complaints of difficulty standing for a while and some memory impairment. In addition, Dr. Mark’s June 22, 1999 Physician’s Statement describes Weinberger’s continued physical mobility and states that he could drive at that time. Finally, Dr. Mark’s October 5, 1999 Physician's Report states that despite his neurological impairment, Weinberger was able to carry out most activities of daily living as well as before the onset of his disease.
(2) Dr. Mark's response to Weinberger’s July 21, 1999 written request for additional information, in which she states, in reply to the question "[Wjhat happen[ed] on or about 5/2/99 to render [Weinberger] totally disabled from doing his occupation?” that his Parkinson’s disease had "progressed to the point of disability.”
(3) Records of Dr. Friedman, who performed a neurological evaluation on October 20, 1999, that discuss Weinberger’s decreased strength, increased fatigue, and tremors at that time.
. See Pinto, 214 F.3d at 378 (noting that "when an insurance company both funds and administers benefits, it is generally acting under a conflict that warrants a heightened form of the arbitrary and capricious standard of review”); see also Brown v. Blue Cross & Blue Shield of Ala., 898 F.2d 1556, 1561-62 (11th Cir.1990) (concluding that an insurance company acts under a "strong conflict of interest” when both administering and paying out benefits under an ERISA plan).
. See Pinto, 214 F.3d at 393 (holding that in applying a heightened arbitrary and capricious review, "we look not only at the result ... but at the process by which the result was achieved”).
. Cf. Lasser v. Reliance Standard Life Ins. Co., 130 F.Supp.2d 616, 624 (D.N.J.2001) (finding *557agency definition of occupation "far too blunt an instrument to be instructive as to the material duties of” a specific occupation).
. Weinberger also asserts that Reliance evidenced bias in its decision-making by crediting only selected portions of the medical evidence, by citing contradictory alternative reasons for its denial of benefits, and by failing to perform an independent medical evaluation. See Pinto, 214 F.3d at 393-94 (including, in account of "procedural anomalies” warranting "a high degree of skepticism”, Reliance’s self-serving selectivity in use of medical evidence and expert opinions and inconsistent treatment of the same authority). But see id. at 394 n. 8 (noting that focus on process should not be read to require an additional duty to gather more information).
. Xyan’s termination of Weinberger's employment does not, of course, in itself evidence his disability. Neither party sought to depose any Xyan employee or officer as to the reason for its termination of Weinberger. When questioned about this at the oral argument, Xyan’s counsel referred us to the provision of Weinberger's contract specifically providing that Xyan would be free to terminate his employment for any reason.