Insurance Underwriter

Job Description

As an Insurance Underwriter at Insurance Solutions Ltd., you will evaluate the risks of insuring clients, ensuring our insurance policies are both compliant and competitive. This position requires a strong understanding of underwriting principles and a commitment to customer service, as you assist clients in understanding their policies.

Responsibilities

• Conduct comprehensive risk assessments on new business proposals.
• Analyze financial data and client information to make informed decisions.
• Prepare policy documents and communicate terms to clients.
• Work closely with sales teams to support business growth.
• Identify potential areas of fraud and recommend actions.
• Develop strong relationships with clients to understand their unique needs.
• Assist in the training of junior underwriting staff.
• Regularly review existing policies to ensure they meet current risk management strategies.
• Engage in professional development to maintain relevant certifications.
• Collaborate with claims and actuarial teams to improve underwriting processes.

Requirements

Education

• Bachelor's degree in Finance, Risk Management or related field
• Professional underwriting certification is a plus

Experience

• 3+ years of experience in underwriting or risk assessment

Technical Skills

• Risk Assessment
• Data Analysis
• Regulatory Compliance

Soft Skills

• Attention to Detail
• Communication
• Problem-Solving

Certifications

• Chartered Insurance Institute (CII) Certification
• Financial Risk Manager (FRM)

Languages

• English: Fluent

Advantageous

• Experience in Commercial Underwriting: Familiarity with commercial insurance products and underwriting practices.
• Knowledge of Insurance Software Platforms: Ability to navigate underwriting software to streamline processes.

Benefits

• Competitive salary with performance-based bonuses
• Health and wellness benefits
• Retirement savings plan with company contributions
• Opportunities for professional development and training

Company Culture

• Team Collaboration: We encourage a collaborative culture where ideas are shared and valued.
• Continual Learning: We support ongoing professional development through training and mentorship.
• Diversity: Our team is diverse, and we believe it strengthens our ability to serve our clients effectively.