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If you have a history of success as a bank or credit underwriter, you might have the skills to loacate the hottest jobs our employers our tring to fill. Underwritingjobs.com has been connecting the right employees with the right companies when they need them most.

Credit and Banking Underwriting
  Job Description

The Bank or Credit underwriter investigates, reviews and analyzes information on borrowers, Examines overall credit score and loan documentation to ensure accuracy and completeness. Determines terms and acceptability of risk of prospective loans. Contacts brokers and sellers with decisions. Facilitates and expedites the closing of the loan.

Bank loan underwriters specialise in banking industry person and commercial loans.

Typical work activities

Bank underwriters: In order to qualify, a candidate should have the following:

Bachelor's degree plus experience in automated and manual underwriting and loan processing experience preferred. Experience in Sub Prime and/or Non Conforming bank underwriting. Understand Guidelines, Dig into Loan Files, Review Appraisals, Credit Report. Ability to organize and coordinate projects and strong oral and written communication skills. Excellent customer service skills, good math skills and able to work under pressure. Computer knowledge of Word, Excel etc. May be asked to supervise junior bank or credit underwriters, processors and other clerical staff


Insurance Underwriting
  Job Description

esponsible for deciding if requests for insurance cover should be accepted by assessing, identifying and calculating the risk of loss for policyholders and the company. This is achieved by defining the terms and conditions of the cover, in line with establishing appropriate premium rates that should be paid in order to achieve the company's underwriting and profit objectives, and writing policies that cover these risks.

Insurance is divided into two main sectors - general and life.

  • General: this covers personal, commercial and re-insurancce.
  • Life: this deals with pensions and life policies.
  • Insurance underwriters specialise in one type of insurance such as auto, life or home.

    Typical work activities

    Insurance underwriters are divided into two main sectors - general and life - and the day-to-day activities of an insurance underwriter may vary slightly depending on the type of insurance coverage offered by the company. General insurance covers personal (auto, home etc), commercial (covers for businesses/organisations against damage to premises, injury to people at work etc) and re-insurancce (an insurance company insures a group of risks with other insurance companies). Life insurance deals with pensions and life policies. Most underwriters specialise in one type of insurance such as auto, life or home. In some cases, underwriters may deal with less standardised risks, such as those associated with commercial properties, others may work more closely in conjunction with brokers and/or be involved in visiting customers and preparing quotes. Below is a list of day-to-day activities carried out by most insurance underwriters:

  • assessing and gathering background information;
  • studying various insurance proposals;
  • calculating possible risk;
  • calculating what individuals or organisations should pay for insurance;
  • computing appropriate premiums using actuarial information & statistics;
  • deciding clients' suitability for insurance cover;
  • examining legal implications;
  • liaising with specialists, such as surveyors or doctors, for risk assessment;
  • gathering information and various types of reports from specialists;
  • negotiating policyholders' contract terms;
  • writing and preparing policies;
  • specifying conditions to be imposed on different policies;
  • appraising and monitoring insurance developments;
  • meeting with clients;
  • negotiating with brokers and drawing up contracts;
  • attending management meetings and staff development programmes;
  • correlating and presenting weekly or monthly data to management.
  • The degree to which an insurance underwriter performs these work activities may also vary depending on the location and size of the company.


    Mortgage Underwriting
      Job Description

    In depth understanding of the competitive mortgage industry environment and the mortgage insurance business; mortgage insurance programs, policies and services; and operations and processes: business development, underwriting, claims processing and market housing programs.

    In depth understanding and ability to recognize and differentiate various electronic underwriting processes utilized

    Readily able to customize responses and advice to reflect the specific conditions which may apply based on differences in the market conditions and provincial legislation related to specific applications.

    Typical work activities

  • Consistent display of tact and diplomacy in communications with clients.
  • Project organization and task management skills.
  • A creative and innovative approach on problem solving issues.
  • Demonstrated ability to work in a multidisciplinary team environment.
  • Demonstrated ability to undertake preliminary research and analysis.
  • Ability to present and discuss information pertinent to an assignment
  • Flexibility in meeting shiftwork requirements
  • Client focus
  • Valuing and Respecting Individuals
  • Good communication skills
  • Teamwork
  • The degree to which an mortgage underwriter performs these work activities may also vary depending on the location and size of the company.


    Property and Casualty Underwriting
      Job Description

    • Because insurance is considered a necessity for people and businesses, there will always be a need for underwriters.
    • Most large insurance companies prefer college graduates who have a degree in business administration or finance with courses in accounting; however, a bachelor’s degree in any ield—plus courses in business law and accounting—may be sufficient to qualify.

    Typical work activities

    Insurance companies protect individuals and organizations from financial loss by assuming billions of dollars in risks each year. Underwriters are needed to identify and calculate the risk of loss from policyholders, establish appropriate premium rates, and write policies that cover these risks. An insurance company may lose business to competitors if the underwriter appraises risks too conservatively, or it may have to pay excessive claims if the underwriting actions are too liberal.

    With the aid of computers, Property and Casualty underwriters analyze information in insurance applications to determine if a risk is acceptable and will not result in a loss. Applications are often supplemented with reports from loss-control consultants, medical reports, data vendors, and actuarial studies. Property and Casualty Underwriters then must decide whether to issue the policy and the appropriate premium to charge. In making this determination, Property and Casualty underwriters serve as the main link between the insurance carrier and the insurance agent. On occasion, they accompany sales agents to make presentations to prospective clients.

    Technology plays an important role in an underwriter’s job. Underwriters use computer applications called “smart systems” to manage risks more efficiently and accurately. These systems automatically analyze and rate insurance applications, recommend acceptance or denial of the risk, and adjust the premium rate in accordance with the risk. With these systems, underwriters are better equipped to make sound decisions and avoid excessive losses.

    The Internet also has affected the work of underwriters. Many insurance carriers’ computer systems are now linked to different databases on the Internet that allow immediate access to information—such as driving records—necessary in determining a potential client’s risk. This reduces the amount of time and paperwork necessary for an underwriter to complete a risk assessment.

    Most underwriters specialize in one of three major categories of insurance—life, health, or property and casualty. Life and health insurance underwriters may further specialize in group or individual policies.

    Property and casualty underwriters usually specialize in either commercial or personal insurance, and then by type of risk insured, such as fire, homeowners, automobile, marine, liability, or workers’ compensation. In cases where casualty companies provide insurance through a single “package” policy, covering various types of risks, the Property and Casualty underwriter must be familiar with different lines of insurance. For business insurance, the Property and Casualty underwriter often must be able to evaluate the firm’s entire operation in appraising its application for insurance.

    An increasing proportion of insurance sales, particularly in life and health insurance, is being made through group contracts. A standard group policy insures everyone in a specified group through a single contract at a standard premium rate. The group underwriter analyzes the overall composition of the group to assure that the total risk is not excessive. Another type of group policy provides members of a group—a labor union, for example—with individual policies reflecting their needs. These usually are casualty policies, such as those covering automobiles. The casualty underwriter analyzes the application of each group member and makes individual appraisals. Some group underwriters meet with union or employer representatives to discuss the types of policies available to their group.


    Property and Casualty Underwriters have desk jobs that require no unusual physical activity. Their offices usually are comfortable and pleasant. Although Property and Casualty underwriters typically work a standard 40-hour week, more are working longer hours due to the downsizing of many insurance companies. Most underwriters are based in a home or regional branch office, but they occasionally attend meetings away from home for several days. Construction and marine underwriters frequently travel to inspect worksites and assess risks.


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