Insurance Underwriter
Job Description

Insurance Underwriter Job Description

Insurance Underwriter Job Overview

An insurance underwriter works closely with insurance agents to leverage their direct communication with prospective, new, and existing clients. Serving as the link between insurance companies and agents, they must collect accurate customer information to enter into computer software programs that help them accurately evaluate insurance applications for insurance coverage and calculate their respective premiums. Insurance underwriters collaborate with actuaries and maintain records that allow them to properly assess risk factors associated with insurance policy applicants. They must also weigh the balance between risky and cautious decisions when approving insurance applications. They work full time for insurance agencies, insurance companies, and corporate business entities.

Insurance Underwriter Job Template

Insurance Underwriter Job Summary

Are you a passionate insurance industry professional with exemplary integrity, analytical, and decision-making skills? Take your career to the next level by joining our firm’s growing team of insurance underwriters! The ideal candidate brings strong computer skills, a detail-oriented approach, and keen knowledge of risk factors and financial services to every insurance application for prospective, new, and existing clients. If this sounds like a fit for you, send us your resume today!

Location

Ashburn, VA

Insurance Underwriter Responsibilities

  • Collect and analyze insurance applicant information to screen each client and conduct insurance policy risk assessments
  • Leverage underwriting software to identify insurance coverage recommendations for existing, new, and prospective clients
  • Collaborate with medical personnel, field representatives, actuaries, and others to obtain policyholders’ personal information for accurately assessing risk factors
  • Take a data-based approach to determine whether insurance coverage should be provided and set the related provisions and insurance premiums
  • Review insurance claims against policy terms to determine the amounts owed by the insurance company to the claimant

Insurance Underwriter Qualifications

  • Bachelor’s degree in finance, statistics, mathematics, business administration, or related field required
  • 1-2 years of experience working as an insurance underwriter required
  • Chartered Property and Casualty Underwriter (CPCU) designation and/or Associate in Commercial Underwriting (AU) designations strongly preferred
  • Ability to collect and accurately evaluate background information from a variety of sources to calculate the costs and benefits of insurance coverage and claims
  • Strong attention to detail, analytical skills, and math skills required to carefully analyze every insurance application detail that may affect a coverage decision
  • Interpersonal and communications skills are a must when working with insurance agents, actuaries, claimants, and others

Insurance Underwriter Compensation

$79,882 (National Average)

High Quality

This template attracts 30% more quality candidates at 1/10 of the average cost per hire.

DISC Optimized

This template has been written for the ideal insurance underwriter's personality type.

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