Insurance Underwriter

Job Description

As an Insurance Underwriter, you will play a crucial role in assessing risk and approving insurance applications. The ideal candidate will possess strong analytical skills and a keen attention to detail, enabling them to evaluate insurance risks and establish appropriate coverage terms for clients.

Responsibilities

• Perform detailed analysis to determine risk exposure for various policy types.
• Regularly review and update underwriting guidelines to align with market conditions.
• Collaborate with actuaries to set premium rates based on statistical data.
• Provide exceptional customer service and maintain strong client relationships.
• Participate in team meetings to discuss ongoing projects and underwriting strategies.
• Utilize underwriting software and databases to manage applications and policy information.

Requirements

Education

• Bachelor's degree in Economics or related field
• Master's degree is preferred

Experience

• 5+ years of experience in underwriting or related field

Technical Skills

• Financial Analysis
• Data Interpretation

Soft Skills

• Decision Making
• Negotiation

Certifications

• Certified Insurance Counselor (CIC)
• Fellow of the Life Management Institute (FLMI)

Languages

• English: Fluent

Advantageous

• Experience with actuarial principles: Understanding of actuarial practices to analyze pricing strategies.
• Skills in policy drafting: Ability to draft and revise insurance policy documents.

Benefits

• Extensive health, dental, and vision insurance coverage.
• Generous retirement plan with employer contributions.
• Flexibility in work arrangements and hours.
• Access to ongoing training and education programs.

Company Culture

• Growth Mindset: Encouraging a growth mindset allows our team members to develop and excel.
• Open Communication: We prioritize open communication within teams for sharing thoughts and feedback.
• Employee Recognition: Recognizing our employees’ contributions is a fundamental aspect of our culture.