Insurance Underwriter Resume Sample
Lizzie Gerlach
9042 Kautzer Valley,
Dallas,
TX
+1 (555) 605 2319
Work Experience
Life Insurance Senior Underwriter
04/2017
-
PRESENT
Detroit, MI
- Develop and maintain positive and constructive working relationships with the company’s marketing professionals and their production sources in order to attract and retain clients
- Property and Casualty underwriting insurance experience
- Current P&C insurance license required
- Maintain an in-depth technical knowledge of medical underwriting practices, clinical testing and current medical procedures in order to satisfy proper risk assessment
- General servicing skills and etiquette
- Maintain an awareness of the customer’s business and insurance needs, noting all briefing information provided by Senior Servicing and Broking Manager
- Account Executive/ underwriting experience required
Insurance Underwriter
04/2011
-
01/2017
Los Angeles, CA
- Success driven individual who has demonstrated 1-3 years of success in a commercial underwriting role
- Performs all aspects of underwriting assigned programs for clients
- Develops client specific pricing models based on actuarial norms
- Trains and mentors Underwriting team members
- Manages client renewal lists; prepares renewal information and requests updates from insurance markets
- Replies to incoming correspondence and independently responds as required
- Work closely with the firm’s producers as well as case design team to transition from design to implementation
Insurance Programs Underwriter
07/2006
-
02/2011
Houston, TX
- Assist in the oversight of the delivery of the firm’s in force reviews for existing clients
- Success driven individual who has demonstrated 3-8 years of success in a commercial underwriting role
- Develop and execute marketing plan to drive new and renewal business, including in-person visits, telemarketing and distribution of marketing materials for insurance company partners
- Evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing
- Mentor and train Assistant Underwriters as needed
- Review all incoming submissions for eligibility
- Process alternative market applications for quote according to various markets
Education
Seton Hall University
2001 - 2005
Bachelor's Degree in Risk Management
Professional Skills
- Excellent relationship building and communication skills are required along with the ability to explain your assessments
- Demonstrate relevant experience in managing underwriting risks
- Negotiation skills and problem solving ability
- Teamwork/Rapport building skills
- Strong development and understanding of risk management, economics, finance and accounting
- Experienced working under pressure within a demanding environment
- Experience in insurance underwriting or financial analysis and forecasting
How to write Insurance Underwriter Resume
Insurance Underwriter role is responsible for insurance, research, design, planning, compensation, training, credit, finance, travel, health.
To write great resume for insurance underwriter job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Insurance Underwriter Resume
The section contact information is important in your insurance underwriter resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Insurance Underwriter Resume
The section work experience is an essential part of your insurance underwriter resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous insurance underwriter responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular insurance underwriter position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Insurance Underwriter resume experience can include:
- Proven time management skills with the ability to prioritise
- Experience with Microsoft Office Applications (Word, Excel and Power Point)
- Excellent project management abilities to meet deadlines
- Interacting and negotiating with carrier on pricing flexibility and alternatives
- Distributing new business quotes to agents and regularly following up on status
- Reviewing new business inspections for eligibility and compliance with guidelines
Education on an Insurance Underwriter Resume
Make sure to make education a priority on your insurance underwriter resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your insurance underwriter experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Insurance Underwriter Resume
When listing skills on your insurance underwriter resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical insurance underwriter skills:
- Advanced computer skills that include Excel and other MS Office applications
- Good understanding surrounding the general principles of underwriting
- Strong understanding and ability to read marketplace environments
- Actual underwriting experience with a focus on Property Cat business in the re-insurance industry
- Proven underwriting knowledge
- Detail-oriented with excellent follow up practices
List of Typical Experience For an Insurance Underwriter Resume
1
Experience For Personal Insurance Underwriter Resume
- Provide assigned brokers with necessary training
- Assist with book transfers
- Manage and perform financial risk analysis of prospective lease product line customers and prepare quotes
- Meet with sales and customers to propose rates and answer program questions as required
- Participate, analyze and provide recommendations on large loss calls and renewals as necessary
- Handle Ombudsman complaints
- Motivated creative thinker
List of Typical Skills For an Insurance Underwriter Resume
1
Skills For Personal Insurance Underwriter Resume
- Evaluate the experience of a risk against the class of business
- Evaluate program loss experience
- Finding the most competitive market to quote the account
- Ensuring policy transactions such as binders or endorsements are issued and changes are documented and recorded correctly
- Review all underwriting data and accept, decline or modify risks referred from the company’s automated underwriting system
- Provide support to new agents regarding underwriting criteria and markets
2
Skills For Insurance Programs Underwriter Resume
- Keeps up to date on regulatory changes, industry bulletins, product changes and other ongoing training
- Work in an automated environment utilizing predictive analytics to quickly assess risk characteristics for personal lines risks
- Communicate with agents as needed to service agents and assist the account executive to assure overwhelming service
- Utilize data from established reports or QlikSense to aid in underwriting decisions and agency development
- Relevant track record in negotiation, team work, customer resolution and conflict handling
- Risk assessment on all of ANZ’s intermediated life products including Life, Trauma, Total Permanent Disability and Disability Income cover
- Detailed understanding of reinsurance and primary insurance
- Manage underwriting referral volumes within agreed SLA’s
- Correspond with agent/markets regarding additional information and market changes
3
Skills For Life Insurance Senior Underwriter Resume
- Maintain working knowledge of available markets
- Prepare proposals and process binding requests from agents
- Support renewal process for expiring business and retain renewals
- Review inspection reports to verify we are insuring what the documentation states
- Request required information in order to complete the underwriting file
- To work under pressure to provide quality fast-paced underwriting solutions to commercial clients
- Utilize online rating systems of various carriers
- Quote, bind and issue new and renewal business per underwriting guidelines
4
Skills For Senior Underwriter, Commercial Insurance Resume
- Work closely with marketing and the field in order to maintain profitability and premium growth
- Handle underwriting decisions on new business, renewals and referrals that fall outside the guidelines and within delegated authority levels
- Provide technical underwriting support for team members
- Handle underwriting edit referrals
- Service existing RPA customers in assigned territory with their additional RPA needs
- Perform training and educational meetings on product line as required
- Develop and support marketing efforts and process and improvements for additional revenue opportunities and cost savings
- Certification or licenses as required by jurisdictions
5
Skills For Underwriter Lead-real Estate Casualty Insurance Resume
- Experience in risk analysis, financial analysis, loss control or a sales related role within a risk management, insurance underwriting, or claims environment
- Participate in special projects and assume additional responsibilities as necessary from time to time for the improvement of the sales and underwriting performance of personal lines underwriting
- Underwriting Commercial Insurance with a Wholesaler or MGA
- Many opportunities for career advancement
- Commercial minded with flair for negotiations and attention to detail
- Analyze new and renewal insurance applications to determine eligibility for coverage, available terms and conditions for pricing in accordance with established market underwriting guidelines
- Work experience
- Process policies, endorsement and cancellations
6
Skills For Underwriter, Commercial Insurance Resume
- Read inspection reports to determine if the risk is acceptable
- Agent/Broker Relationships: Develops and maintains successful relationships with Agents and Brokers by providing stewardship with service partners, including initial setup of service commitments, and regular visits
- Continuous Improvement: Actively participates in continuous improvement by fully engaging in daily huddles, generating suggestions, following appropriate procedures and work
- Develop and execute marketing plans to drive new and renewal business, including in-person visits, telemarketing and distribution of marketing materials for insurance company partners
- Responsible for handling incoming calls related to, underwriting and coverage's
- Assume responsibility for incoming inquiries via phone, email, fax, etc. from agents and Insureds
7
Skills For Underwriter Lead-commercial Insurance Resume
- Utilizes internal and external resources to confirm building information and characteristics are in line with our guidelines
- Audits personal lines policies which have been automatically accepted to confirm correct information and rating has been applied
- Review New Business applications for accuracy, determine if policies meet eligibility guidelines and accept, reject, and/or adjust coverage as necessary
- Instruct agents on company guidelines and procedures, be an available resource to agents on a daily basis
- Maintain understanding of State guidelines, including available discounts, selection/rejection requirements, State specific forms, and updates to underwriting guidelines and rating factors
- Review required documentation for policy changes, follow up with the Underwriters and modify policies as necessary
8
Skills For Lending Insurance Underwriter Resume
- Processes and maintains assigned workflow in a timely manner
- Maintains positive internal and external work relationships
- Consults with field representatives, insurance agents, brokers and other insurance or inspection companies to obtain further information, quote rates or explain company underwriting policies
- To effectively decide which insurer’s product would be most suitable for client’s needs
- To clear terms for quotes sent by the executives within the the new business, renewals and Certsure teams with due reference to premium, terms & conditions and policy endorsements
9
Skills For Senior Life Insurance Underwriter Resume
- To provide effective support to others in the team and to the new business, renewals and Certsure teams
- Interfacing with agents via email and phone on insurance coverage needs
- To provide solutions to queries and technical assistance for other departments
- To liaise with insurers and maintain relationships
- Prepare quotes for agents and answer questions that arise
- Work efficiently in a high volume, fast paced environment
10
Skills For Specialty Insurance Underwriter Resume
- Research and develop coverage forms, rules and rates for DOI compliance
- Issue and coordinate insurance certificates
- Recommend risks above their letter of authority. Typically these individuals hold Level I or Level II authority levels
- Handle assigned workload within quality, productivity and service standards as established by the business centers
- In conjunction with business center management and field marketing, and Sales Executives assist with broker management including monitoring of loss ratio and broker exceptions
- Preparation of home office referrals substantiating decision for consideration
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