Talk to Us: (877) 225-8978
Job description
Insurance Underwriter
Insurance Underwriter
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 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, VAInsurance 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)
Industry tested
147 have hired successfully with this template on WizeHire.
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.Other Resources for Insurance Underwriter
Talent Acquisition
6 Tips For Employer Interviewing Best Practices
Here are 6 proven interviewing best practices to keep in mind. They will help you match applicants to the ideal…
Company Culture
Core Values: Why They Matter and How to Create Your Own
Core Values can drive the way you hire, fire, manage and lead your people. Here are 6 simple statements that…
Talent Acquisition
Onboarding: First Day Reminder Template
When a new employee is joining your company, use this First Day Reminder Template to share information on what to…
Ready to create your own job posting?
