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Title
Text copied to clipboard!Insurance Underwriter
Description
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We are looking for a detail-oriented and analytical Underwriter to join our insurance team. The Underwriter will be responsible for evaluating insurance applications and determining the level of risk involved in insuring individuals or assets. This role requires a strong understanding of risk assessment, financial analysis, and industry regulations. The ideal candidate will have excellent decision-making skills and the ability to interpret complex data to make informed underwriting decisions.
As an Underwriter, you will work closely with insurance agents, brokers, and clients to gather necessary information and assess the potential risk of insuring a person or property. You will use underwriting software and guidelines to determine whether to approve or deny applications, and if approved, under what terms and conditions. Your goal is to ensure that the company maintains profitability while offering competitive and fair insurance products.
You will also be expected to stay up to date with industry trends, regulatory changes, and emerging risks. This position requires strong communication skills, as you will need to explain underwriting decisions to stakeholders and provide guidance on risk mitigation strategies. Attention to detail, critical thinking, and a solid understanding of insurance principles are essential for success in this role.
This is an excellent opportunity for someone with a background in finance, insurance, or risk management who is looking to grow their career in a dynamic and rewarding environment. If you are passionate about analyzing data, making informed decisions, and contributing to the financial health of an organization, we encourage you to apply.
Responsibilities
Text copied to clipboard!- Evaluate insurance applications and assess risk levels
- Determine policy terms, coverage limits, and premiums
- Use underwriting software and guidelines to make decisions
- Communicate underwriting decisions to agents and clients
- Review and analyze financial statements and credit reports
- Stay current with industry regulations and market trends
- Collaborate with actuaries and claims adjusters
- Recommend risk mitigation strategies
- Maintain accurate records and documentation
- Ensure compliance with company policies and legal requirements
Requirements
Text copied to clipboard!- Bachelor’s degree in finance, business, or related field
- 2+ years of experience in underwriting or insurance
- Strong analytical and decision-making skills
- Excellent written and verbal communication skills
- Proficiency in underwriting software and Microsoft Office
- Knowledge of insurance laws and regulations
- Attention to detail and organizational skills
- Ability to work independently and in a team
- Professional certifications (e.g., CPCU) are a plus
- Strong customer service orientation
Potential interview questions
Text copied to clipboard!- What types of insurance have you underwritten in the past?
- How do you assess the risk of a new insurance application?
- Describe a time you had to make a difficult underwriting decision.
- What tools or software do you use for underwriting?
- How do you stay updated on industry regulations?
- Have you ever identified a fraudulent application? How did you handle it?
- What is your approach to balancing risk and profitability?
- How do you communicate complex decisions to non-technical stakeholders?
- What metrics do you use to evaluate underwriting performance?
- Are you familiar with reinsurance and how it affects underwriting?
