Posted By
Posted in
Banking & Finance
Job Code
1480024
Job Overview :
Example Co. is one of the leading companies in our field in the area. We're proud of our 3.6 rating on Glassdoor from our employees. We are hiring a talented Underwriter professional to join our team. If you're excited to be part of a winning team, Example Co. is a great place to grow your career. You'll be glad you applied to Example Co.
Responsibilities for Underwriter
Review insurance proposals and seek to improve terms
Properly Assess and analyze client's background information
Participate in continuing education courses to remain knowledgeable and competitive in the industry
Use professional techniques and strategies to calculate the risk associated with client policies
Review insurance claims and terms to determine the amount to be paid out by the company
Designate and prepare insurance premiums based upon informed judgment and competitor pricing
Organize meetings with specialists to help determine risk assessment in unique circumstances
Layout and finalize insurance policies applying specific terms and conditions as agreed upon by the client
Qualifications for Underwriter
Degree in mathematics, statistics or related field
Strong math and analytical skills are essential to complete job requirements successfully
Professional listening and certification from intuitions such as Associate in Commercial Underwriting (AU) Chartered Life Underwriter certification (CLU) preferred
Experience working with private and sensitive personal information
Excellent negating skills and strategies
Ability to multitask and work toward multiple deadlines simultaneously
Interpersonal and customer service skills are required when meeting with and interviewing potential clients
Strong computer skills and ability to use necessary software
Confident in decision making and the ability to explain processes or choices as needed
Underwriter responsibilities and duties
The responsibilities and duties section is the most important part of the job description. Here you should outline the functions this position will perform on a regular basis, how the job functions within the organization and the title of the manager the person will report to.
Perform data evaluation on information retrieved from hard money loan applications
Consult with Loan Officers following meetings with potential clients
Investigate real estate properties in question and make assessment about investment ROI
Research project costs for remodeling and renovating properties listed on loan applications
Conduct risk assessments on potential clients based on previous borrowing history, credit rating, industry experience and other factors
Request additional information from Loan Officers when appropriate
Render application decisions based on consultations with supervisory underwriter and upper management
Prepare reports detailing risk assessment findings and other data that contribute to lending decisions
Underwriter qualifications and skills
Next, outline the required and preferred skills for your position. This may include education, previous job experience, certifications and technical skills. You may also include soft skills and personality traits that you expect from a successful candidate. While it may be tempting to include a long list of skills and requirements, including too many could dissuade qualified candidates from applying. Keep your list of qualifications concise, but provide enough detail with relevant keywords and terms.
Diploma required (College degree preferred)
Current underwriter certification
Excellent typing and 10-key skills
Superior organizational and time management skills
Experience with real estate transactions and evaluations
Knowledge of regulatory issues in both underwriting/finance and real estate
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Posted By
Posted in
Banking & Finance
Job Code
1480024