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Title
Text copied to clipboard!Underwriting Manager
Description
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We are looking for an experienced and dedicated Underwriting Manager to join our dynamic team. The Underwriting Manager will be responsible for overseeing and managing the underwriting department, ensuring that all underwriting activities are conducted efficiently, accurately, and in compliance with company policies and regulatory requirements. The ideal candidate will have extensive experience in underwriting, risk assessment, and team management, along with strong analytical and decision-making skills.
In this role, you will lead a team of underwriters, providing guidance, training, and support to ensure high-quality underwriting decisions. You will be responsible for developing and implementing underwriting policies and procedures, monitoring underwriting performance, and identifying areas for improvement. Additionally, you will collaborate closely with other departments, including sales, claims, and compliance, to ensure alignment and consistency across the organization.
The Underwriting Manager will also play a critical role in risk management, analyzing market trends, evaluating potential risks, and recommending strategies to mitigate exposure. You will be expected to stay current with industry developments, regulatory changes, and best practices, ensuring that the underwriting team remains informed and compliant.
Strong communication and interpersonal skills are essential, as you will regularly interact with internal stakeholders, external partners, and clients. You will be responsible for presenting underwriting results, explaining complex underwriting decisions, and negotiating terms and conditions when necessary.
The successful candidate will demonstrate exceptional leadership abilities, fostering a positive and productive work environment. You will be expected to set clear performance expectations, provide regular feedback, and support the professional development of your team members.
We offer a competitive salary, comprehensive benefits package, and opportunities for professional growth and advancement. If you are a motivated, detail-oriented professional with a passion for underwriting and risk management, we encourage you to apply for this exciting opportunity.
Join our team and contribute to our continued success by ensuring sound underwriting practices, effective risk management, and exceptional service delivery. Your expertise and leadership will be instrumental in driving our organization's growth and profitability.
Responsibilities
Text copied to clipboard!- Oversee and manage the underwriting department, ensuring efficient and accurate underwriting processes.
- Develop and implement underwriting policies, procedures, and guidelines.
- Lead, train, and mentor underwriting staff, fostering professional growth and development.
- Analyze market trends and evaluate potential risks to recommend appropriate risk management strategies.
- Collaborate with sales, claims, and compliance departments to ensure alignment and consistency.
- Monitor underwriting performance and identify areas for improvement.
- Ensure compliance with regulatory requirements and internal policies.
- Present underwriting results and decisions to internal stakeholders and external partners.
Requirements
Text copied to clipboard!- Bachelor's degree in finance, business administration, or related field.
- Minimum of 5 years of underwriting experience, with at least 2 years in a managerial role.
- Strong knowledge of underwriting principles, risk assessment, and insurance regulations.
- Excellent analytical, decision-making, and problem-solving skills.
- Proven leadership and team management abilities.
- Exceptional communication and interpersonal skills.
- Proficiency in underwriting software and Microsoft Office applications.
- Ability to work effectively under pressure and meet tight deadlines.
Potential interview questions
Text copied to clipboard!- Can you describe your experience managing an underwriting team?
- How do you stay current with industry trends and regulatory changes?
- What strategies do you use to evaluate and mitigate underwriting risks?
- Can you provide an example of a challenging underwriting decision you made and how you handled it?
- How do you ensure compliance with underwriting policies and regulatory requirements within your team?
