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Title
Text copied to clipboard!Underwriting Manager
Description
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We are looking for an experienced and detail-oriented Underwriting Manager to lead our underwriting team and ensure the effective evaluation of risks associated with insurance policies. In this role, you will be responsible for overseeing the underwriting process, developing strategies to minimize risk, and ensuring compliance with company policies and industry regulations. The ideal candidate will have a strong background in underwriting, excellent leadership skills, and the ability to make data-driven decisions. As an Underwriting Manager, you will play a critical role in maintaining the financial health of the organization by ensuring that all underwriting activities align with our business objectives and risk tolerance.
Your primary responsibilities will include managing a team of underwriters, reviewing and approving high-value or complex insurance applications, and developing underwriting guidelines and policies. You will also collaborate with other departments, such as sales and claims, to ensure a seamless customer experience and to address any underwriting-related issues. Additionally, you will be expected to stay updated on industry trends, regulatory changes, and emerging risks to ensure that our underwriting practices remain competitive and compliant.
To succeed in this role, you should have a deep understanding of underwriting principles, strong analytical skills, and the ability to communicate effectively with both internal and external stakeholders. You should also be comfortable working in a fast-paced environment and managing multiple priorities simultaneously. If you are passionate about risk management and have a proven track record of success in underwriting, we encourage you to apply for this exciting opportunity.
Responsibilities
Text copied to clipboard!- Lead and manage the underwriting team to achieve departmental goals.
- Develop and implement underwriting policies, guidelines, and best practices.
- Review and approve high-value or complex insurance applications.
- Analyze risk factors and make data-driven decisions to minimize exposure.
- Collaborate with sales, claims, and other departments to address underwriting issues.
- Monitor industry trends and regulatory changes to ensure compliance.
- Provide training and mentorship to underwriters to enhance their skills.
- Prepare reports and presentations for senior management on underwriting performance.
Requirements
Text copied to clipboard!- Bachelor's degree in finance, business, or a related field.
- Minimum of 5 years of experience in underwriting, with at least 2 years in a managerial role.
- Strong knowledge of underwriting principles, risk assessment, and insurance products.
- Excellent leadership and team management skills.
- Proficiency in data analysis and decision-making.
- Strong communication and interpersonal skills.
- Ability to work under pressure and manage multiple priorities.
- Familiarity with industry regulations and compliance requirements.
Potential interview questions
Text copied to clipboard!- Can you describe your experience in managing an underwriting team?
- How do you approach risk assessment and decision-making in underwriting?
- What strategies have you used to ensure compliance with industry regulations?
- Can you provide an example of a challenging underwriting decision you made and its outcome?
- How do you stay updated on industry trends and emerging risks?
- What steps do you take to mentor and develop your team members?
- How do you handle conflicts or disagreements within your team?
- What tools or software have you used for underwriting and risk analysis?