Insurance Underwriter

Job Description

We are seeking an Insurance Underwriter who will play a vital role in evaluating insurance applications and determining coverage terms. The ideal candidate will have a keen eye for detail and the ability to assess risks accurately to provide comprehensive insurance solutions.

Responsibilities

• Evaluate insurance applications and assess risks involved.
• Determine coverage policy terms and conditions for applicants.
• Review and analyze financial documents and claims history.
• Collaborate with agents and clients to gather necessary information.
• Ensure compliance with regulatory requirements and underwriting policies.
• Maintain accurate records of all underwriting decisions.
• Prepare reports on underwriting activities for management.
• Participate in training and development programs to enhance skills.

Requirements

Education

• Bachelor's degree in Insurance, Risk Management, or a related area
• Master's degree in Finance or Business is a plus

Experience

• 5+ years of underwriting experience within the insurance sector

Technical Skills

• Underwriting Software Proficiency
• Regulatory Knowledge

Soft Skills

• Teamwork
• Negotiation Skills

Certifications

• Fellowship of the Institute of Risk Management (FIRM)
• Insurance Risk Management Certification

Languages

• English: Fluent

Advantageous

• Knowledge of actuarial science: Understanding of actuarial principles to assess risk more effectively.
• Experience with commercial underwriting: Experience in evaluating small business applications preferred.

Benefits

• Comprehensive health, dental, and vision insurance
• Retirement plan 401(k) with a competitive company match
• Paid time off, including vacation and sick leave
• Flexible work hours and potential for remote work

Company Culture

• Collaboration: We foster a culture of teamwork and collective problem-solving.
• Integrity: We prioritize honesty and transparency in all our dealings.
• Continuous Improvement: Our commitment to growth and innovation drives every team member.