Underwriter Job Description
An underwriter assesses risk and analyzes financial models to determine the likelihood of an investment paying off. Sounds like interesting stuff!
They also play a key role in the financial markets by screening potential investments for their merit. There are several key characteristics required to be successful in this role which are listed below in the underwriter job description.
UNDERWRITER JOB DESCRIPTION
Writing a captivating job description is a key part of helping employers bring on the best talent available – helping you stick out from the rest of the employers looking to hire the same candidates.
When written well, a job description gives the candidates a clearer picture of what the position entails.
Learn more about the key requirements, duties, responsibilities, and skills that should be included within an underwriter job description.
Key Responsibilities And Duties of an Underwriter
Start off by outlining the core responsibilities related to the position. This will give the applicants a better understanding of the work they should expect and prevent uninterested/unqualified candidates from applying (kind of).
- Collect, review and analyze an applicant’s relevant history and records
- Obtain additional information about an applicant to determine coverage needs
- Determine the level of risk for insuring or lending
- Offer recommendations on whether or not to approve an application
- Help agents determine premium costs
- Evaluate insurance claims for accuracy and the coverage amount
Qualifications And Skills of an Underwriter
After that, identify a list of the “must” and “nice to” haves for the open role. This could include both hard and soft skills. Below are a few examples:
- Qualitative and quantitative analysis skills
- Communication skills, including speaking and writing
- Customer service skills
- In-depth understanding of insurance coverage or loan products
- Advanced knowledge of federal regulations and best practices of insurance or lending institutions
- Project management and organization skills
- Time management and prioritization skills
- Decision-making and critical thinking skills
Responsibilities and Skills by Indeed
Frequently Asked Questions (FAQ)
What Is An Underwriter’s Salary?
On average, an Underwriter makes around $74,000 per year. Keep in mind, this number depends heavily on the variety of factors.
How Do You Write A Good Job Description?
There are a number of ways you can go about writing a good job description – but the most straight forward approach is to take it one step at a time.
- Add a basic job title (Underwriter is fine here)
- Next, add a short but exciting summary of the role
- Focus on the key responsibilities needed to fulfill the job
- Require only the most important skills (asking for too much will deter candidates)
- Include education requirements if it’s necessary
- Write a short overview of your company and the culture
Category: Underwriter Job Description
Tags: how to write an underwriter job description, underwriter job summary, underwriter job duties, underwriter qualifications, underwriter responsibilities, underwriter required skills, underwriter education
Author: Reid is a contributor for theJub. He’s an employment and marketing enthusiast who studied business before taking on various recruiting, management, and marketing roles. More from the author. | Author Profile