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Title
Text copied to clipboard!Underwriting Manager
Description
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We are looking for an experienced Underwriting Manager to lead our underwriting team and ensure the efficient and accurate assessment of insurance applications. The ideal candidate will have a strong background in underwriting, excellent leadership skills, and a keen eye for detail. As an Underwriting Manager, you will be responsible for developing and implementing underwriting policies, managing a team of underwriters, and ensuring compliance with industry regulations. You will work closely with other departments to ensure that our underwriting processes are aligned with our overall business objectives. The successful candidate will have a deep understanding of risk assessment, strong analytical skills, and the ability to make sound decisions under pressure. You will also be responsible for training and mentoring junior underwriters, conducting performance reviews, and identifying areas for improvement within the underwriting process. This role requires excellent communication skills, as you will be liaising with clients, brokers, and other stakeholders on a regular basis. If you are a strategic thinker with a passion for underwriting and a proven track record of success, we would love to hear from you.
Responsibilities
Text copied to clipboard!- Develop and implement underwriting policies and procedures.
- Manage and oversee the underwriting team.
- Ensure accurate and efficient assessment of insurance applications.
- Conduct risk assessments and make sound underwriting decisions.
- Train and mentor junior underwriters.
- Conduct performance reviews and provide feedback.
- Identify areas for improvement within the underwriting process.
- Ensure compliance with industry regulations.
- Liaise with clients, brokers, and other stakeholders.
- Collaborate with other departments to align underwriting processes with business objectives.
- Monitor and analyze underwriting performance metrics.
- Develop and maintain relationships with key clients and partners.
- Stay up-to-date with industry trends and best practices.
- Prepare and present underwriting reports to senior management.
- Handle complex and high-value underwriting cases.
- Resolve underwriting disputes and issues.
- Participate in strategic planning and decision-making processes.
- Manage underwriting budgets and resources.
- Ensure the continuous improvement of underwriting systems and tools.
- Represent the company at industry events and conferences.
Requirements
Text copied to clipboard!- Bachelor's degree in finance, business, or a related field.
- Minimum of 5 years of experience in underwriting.
- Proven experience in a managerial or leadership role.
- Strong understanding of risk assessment and underwriting principles.
- Excellent analytical and decision-making skills.
- Strong leadership and team management abilities.
- Excellent communication and interpersonal skills.
- Ability to work under pressure and meet deadlines.
- Strong attention to detail and accuracy.
- Proficiency in underwriting software and tools.
- Knowledge of industry regulations and compliance requirements.
- Ability to develop and implement effective underwriting policies.
- Experience in training and mentoring junior staff.
- Strong problem-solving skills.
- Ability to handle complex and high-value cases.
- Excellent organizational and time management skills.
- Ability to collaborate effectively with other departments.
- Strong presentation and reporting skills.
- Commitment to continuous learning and professional development.
- Ability to travel as required.
Potential interview questions
Text copied to clipboard!- Can you describe your experience in underwriting and risk assessment?
- How have you managed and led an underwriting team in the past?
- What strategies do you use to ensure compliance with industry regulations?
- Can you provide an example of a complex underwriting case you handled?
- How do you stay updated with industry trends and best practices?
- What methods do you use to train and mentor junior underwriters?
- How do you handle disputes or issues that arise during the underwriting process?
- Can you describe a time when you had to make a difficult underwriting decision?
- How do you ensure the accuracy and efficiency of the underwriting process?
- What steps do you take to develop and maintain relationships with key clients and partners?
- How do you monitor and analyze underwriting performance metrics?
- What experience do you have with underwriting software and tools?
- How do you collaborate with other departments to align underwriting processes with business objectives?
- Can you describe your approach to strategic planning and decision-making in underwriting?
- How do you manage underwriting budgets and resources?
- What improvements have you implemented in previous underwriting roles?
- How do you handle high-pressure situations and tight deadlines?
- What qualities do you believe are essential for a successful Underwriting Manager?
- How do you ensure continuous improvement of underwriting systems and tools?
- Can you discuss your experience in preparing and presenting underwriting reports to senior management?