Junior Underwriter Resume Sample
Jaylin Emard
85800 Shawna Land,
Dallas,
TX
+1 (555) 100 0055
Work Experience
Junior Underwriter, Mortgage Creditor
05/2015
-
PRESENT
Chicago, IL
- Provide complete submission work-ups for underwriters’ review. Thoroughly review the application form, schedules and underwriting submission materials. Check for completeness and note any significant changes on the account e.g. acquisitions, divestitures, revenues, loss information, etc
- Prepare policy issuance on complex accounts and draft manuscript endorsements for the underwriter’s review
- Ensure the accurate recording of high quality data in underwriting systems and shared drives and analyze individual risk and portfolio performance to ensure the team’s financial objectives are met
- Deliver service excellence through effective collaboration with Underwriting, Risk, Operations and Claims departments and use your initiative to see opportunities to promote XL Catlin’s products and prepare any material needed to reinforce cross-sell opportunities, e.g. product brochures, large loss exhibits, PowerPoint presentations etc
- Collaborates with Medical Directors, Underwriters, other team members and internal departments to obtain expert knowledge and to assist in identifying solutions and resolutions to problems/issues resulting in quality decisions and client satisfaction
- Keeps abreast of current industry developments and changes in medical and financial underwriting and maintains/updates professional development through study of literature and participation in seminars
- Participates in special projects, committees, and meetings
- Calculate borrower’s income and debt-to-income ratios based on acceptable NPF and agency practices
Junior Underwriter Commercial Real Estate
08/2012
-
11/2014
Houston, TX
- Respond to all inquiries in a timely manner as established by company SLA’s
- Act as a role model of the company’s values, acting in an ethical and professional manner at all times
- Prepares underwriting report consisting of property and demographic analysis, credit analysis, borrower’s income and asset profile and financial analysis of the loan. Calculates effective gross income, net operating income, annual debt service, debt service coverage ratios, break-even occupancy ratios and cash on return
- To check for completion of documents submitted
- Sort and match requirements for underwriting
- Classify occupation, assess on the build, family history, financial, residential, and medical information
- To document the above information on the CAS underwriting notes
- Conduct AML and Bridger checks and when result is positive to liaise with Compliance Department
Junior Underwriter
03/2010
-
03/2012
Dallas, TX
- Prepare and draft disciplinary action or performance improvement
- Provide feedback to management on potential risk areas
- Team with more experienced Underwriters and assist the negotiated underwriter by preparing various reports and other communications that provide explanations and guidance regarding market-related issues impacting pricing
- Observe and support strategy sessions regarding public finance efforts and develop a solid understanding of factors affecting the issuance of bonds and the bond market
- Analyze, communicate and maintain new deal information, track market conditions, and manage new issue transactions throughout the financing process to ensure transactions are completed in a timely and efficient manner
- Manage and facilitate the process for effectively disseminating comprehensive information regarding new issue scales, pricing, balances, CUSIPs and trade execution
- Proactively identify and provide additional support in other areas of the underwriting process to ensure optimal efficiency and accuracy
Education
Washington State University Vancouver
2005 - 2010
Bachelor's Degree in Finance
Professional Skills
- Demonstrates analytical thinking - analyzes information, identifies key issues and draws logical conclusions; identifies the root causes of problems and develops solutions
- Strong work ethic, critical thinking and organizational skills
- Exhibits excellent time management. Plan and organize effectively to prioritize daily workload to achieve volume goals
- Mortgage Underwriting experience and 3 - 5 years in other Mortgage or Home Equity lending/banking experience
- Demonstrated record of consistent strong performance
- Candidates with prior specialty property experience considered
- Great organizational and customer service skills required
How to write Junior Underwriter Resume
Junior Underwriter role is responsible for software, government, insurance, security, training, credit, finance, retail, microsoft, english.
To write great resume for junior underwriter job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Junior Underwriter Resume
The section contact information is important in your junior 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 Junior Underwriter Resume
The section work experience is an essential part of your junior 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 junior 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 junior underwriter position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Junior Underwriter resume experience can include:
- Advanced skills in using Microsoft based software (particularly Excel)
- Working experience in Property Business in direct or reinsurance underwriting
- Thoroughly document the rationale and the compensating factors, and all information needed to evidence the Underwriting decision
- Good working for production based
- O Obtain new and modified mortgage insurance certificates from mortgage insurance carriers prior to issuing clear to close
- Underwriting discipline and business oriented
Education on a Junior Underwriter Resume
Make sure to make education a priority on your junior underwriter resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your junior 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 Junior Underwriter Resume
When listing skills on your junior 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 junior underwriter skills:
- Demonstrated ability to manage daily workflow effectively and efficiently
- Manage time effectively to ensure New Business, requirements and Mail is handled within published service standards of 24 hours
- Demonstrate understanding of guidelines and executes loan decisions and meets quality metrics
- Inland marine underwriting experience
- Experience in Conventional underwriting
- Demonstrated ability to analyze and underwrite complex loan submissions including self-employed borrowers, variable income, and all property valuation types
List of Typical Experience For a Junior Underwriter Resume
1
Experience For Junior Underwriter, Mortgage Creditor Resume
- Provides back-up support to the underwriting staff by performing the following tasks
- Learns and applies the following underwriting basics to progress from a learner role to a competent producer role
- Assess complex cases beyond their limit with the proposed underwriting decision to be counter-signed by Team Leader or underwriter with higher authority limit
- For sub-standard cases, provide the loading and generate rated proposal and letter
- Communicates with Branch Managers regarding questions and concerns related to appraisals
- Run Automated Underwriting System (AUS) and vendor software and reconcile documentation to the result
- Clear conditions as they are submitted, meeting turn time objectives
- Knowledge of Property technical underwriting, legal and market requirements
- Retains a current and complete knowledge of loan policy, underwriting strategy and Loan Production Guidelines
2
Experience For M&A Junior Underwriter Resume
- Determines rate adjustments based on existing coverage, reviews new business quotations received from client advisors/brokers/underwriters
- Assess complex cases within their approval limit
- Report rated, declined, postponed cases to MIB
- 2) Maintain Quality of Loan Package
- Produces, selects and underwrites new and renewal Inland Marine risks within delegated underwriting authority, including construction, transportation or other classes of Inland Marine as authorized
- Support implementation of business development activities including, but not limited to: portfolio optimization, identification of key brokers and markets, action plans from marketing activities
3
Experience For Junior Underwriter Commercial Real Estate Resume
- Coordinate with other key reinsurance offices within Europe, principally the UK, Poland, France and India. Additional, coordinate with other business units e.g. finance, actuarial and claims
- Fluent in German and English, any additional European language an advantage
- Creative problem-solver and analytical thinker who can demonstrate adaptability and accuracy, along with sharp numerical and logical skills and an ability to make decisions independently, using own judgment
- Perform in a pressurized environment, especially during the busy renewal season
- Reviews FHA and Conventional appraisals and communicates discrepancies with appraisers
4
Experience For Mortgage Processor / Junior Underwriter Resume
- Enters appraisal information in the front end system
- Thorough review of the loan file documentation to determine deficiencies and/or issues
- Concise and accurate input of data
- Set conditions as needed to obtain information or documentation needed to complete loan files when resubmission documentation is not sufficient to clear a condition
- Learns to build and maintain client relationships through effective communication of underwriting decisions
- Validates all data contained in loan submission and LOS for accuracy
5
Experience For Junior Underwriter Resume
- With Underwriting experience
- Maintain acceptable QC rating
- Focuses on the introduction of risk selection principles to screen applications using case studies and other structured risk selection processes (i.e. manuals, MD Referrals) ensuring accepted risks are sound and profitable to RGA Re
- Determines acceptability of risk in accordance with company guidelines and standards
- Analyzes quality, quantity, and profitability of risks underwritten
- Performs UW reviews within specified turn-around times
6
Experience For Junior Underwriter, Mortgage Creditor Resume
- Complies with government laws and regulations pertaining to home equity lending. Responsible for following all adopted policies, procedures and regulatory requirements applicable to the job function
- Addresses any internal and external audit findings promptly and professionally while working with management to address issues
- Proficient use of the Bank's LOS, Outlook and other appropriate tools/resources to efficiently and accurately perform the review function
- Enters new business applications, initiates renewal application processes, distributes applications to support the underwriting process and insures files documentation and premium payment is received
- Prepares and sends binding correspondences and proofs outgoing correspondences for adherence to company standards to ensure the team remains compliant
- Compares carrier terms to binders. Prepares standard instruction form for issuance of policy documents to support the underwriting team. Sets up and issues policies per the underwriters approved instructions
- Participate in underwriting and industry education on both a formal and individual basis
7
Experience For M&A Junior Underwriter Resume
- Competent knowledge of medicine, law, accounting, and finance as applied to the evaluation of life reinsurance risks and of life insurance risks
- Processes and invoices policies. Insures they are executed in accordance with departmental standards to ensure the team remains compliant
- Broker Licenses Required - Any
- Maintain confidentiality and objectivity, communicate in a professional manner, and handle stressful situations
- Proficiency in medical terminology within 6 months
8
Experience For Junior Underwriter Commercial Real Estate Resume
- English exams completed (i.e. TOEFL iBT score 90, IELTS score 7.5 – 8)
- Value judgment abilities
- ACII (Added advantage)
List of Typical Skills For a Junior Underwriter Resume
1
Skills For Junior Underwriter, Mortgage Creditor Resume
- Develop strong broker relationships
- Basic knowledge of company and department procedures, policy provisions, compliance regulations and insurance law, or demonstrated ability to learn same
- Ensure an attention to detail and validates the accuracy for the loan submission
- Some Appraisal review experience
- Encompass and/or Calyx system experience desired
2
Skills For M&A Junior Underwriter Resume
- Handle all areas not limited to sales, product development, pricing, planning & co-ordinate marketing activities with distribution channels
- Follow all best practice procedures and compliance requirements, including but not limited to ensuring complete underwriting file for audit
- Weekly reporting to Head of Department on activities, performance of campaigns, hit ratios, production targets and training activities
- Take DHE Senior UW Onboarding Training and pass with a 90% or better
- A reasonable understanding of current Fannie Mae and Freddie Mac underwriting guidelines
- A reasonable knowledge of federal and state laws pertaining to the mortgage banking industry (i.e.: TILA, ECOA, RESPA etc.)
- Provide product and sales training for all channels to ensure that they understand SME risk appetite and identify areas for growth
- Contribute to the overall strategic direction and development of the SME portfolio, review of electronic trading platform (Transact) business rules and rating algorithm and improvements in operational efficiency
- Ensure that SME online (Transact) platform captures the targeted percentage of the total agency force maximizing the online tool to grow SME business
3
Skills For Junior Underwriter Commercial Real Estate Resume
- Completed or working towards CIP/FCIP designation
- Professionally maintain and service existing commercial casualty book of business as well as develop new business
- Ensure quality underwriting standards are met
- Negotiate mutually acceptable solution to underwriting proposals with brokers
- Collaborate with peers to compliment servicing of large complex accounts
- Document all appropriate factors, without under or over-documenting
4
Skills For Mortgage Processor / Junior Underwriter Resume
- Explain underwriting decisions in a clear and customer-focused manner. Offer alternative coverage to customers who do not qualify
- Continue learning through subsequent files
- Insurance industry rules, regulations, and legal requirements Familiarity of assigned territory, including competitive position and marketplace
- Spread large, complex financial statements and tax returns and complete cash flow forecasting
- Make pertinent comments relating to the current credit risk as reflected by the spread
- Competency with Automated Underwriting Systems (DU, LP)
5
Skills For Junior Underwriter Resume
- Advanced level of English (spoken, written, and listening)
- Meet production budget set for the year
- Execute and measure performance of channel distribution assigned (Agents & Brokers) to achieve business targets
- Familiar with Portfolio Management to ensure that Profit & Loss is reviewed quarterly
- BPC and Com GI – New Grad could obtain this as part of their induction with the company
- Basic MS Office Applications and Internet Savvy
- To prepare and participate in monthly case discussion
6
Skills For Junior Underwriter, Mortgage Creditor Resume
- To attend UCA teleconference on monthly basis
- Underwrite small package ( WorldRisk) product portfolio
- Deliver exceptional customer service to brokers
- Determine and order the appropriate underwriting requirements in order to assess the risk. Determine when a requirement is needed and when we can do without, based on the applicant’s medical history, age and amount applied for
- Use and interpret RGA and MUM manuals
- System savvy – ability to work on multiple platforms simultaneously
- This is a Work from Home opportunity
- Demonstrate logic, reasoning and good judgment necessary to evaluate complex situations, determine additional information needed, and make sound decision recommendations
7
Skills For M&A Junior Underwriter Resume
- Active and regular participation in industry related programs – LOMA, ALU etc
- Understand all best practice procedures and compliance policies. When new procedures are provided, understand and adopt new procedures as rolled out
- Performs basic math functions
- Utilizes Microsoft Office Suite tools and Loan Originations Platforms
- Analyze complex financial statements and intricate loan scenarios
- Satisfactorily complete 10 test cases and pass with a 90% or better grade
- Train new hires, both analysts and loan trainees, in how to spread financial statement
- Underwritten conventional files within the last 5 years
- Conversant with Qualified Mortgage and Ability To Repay regulations
8
Skills For Junior Underwriter Commercial Real Estate Resume
- Work in a fast paced multi-tasked environment
- Some knowledge of self-employed income analysis
- Navigate and understand basic mortgage industry LOS software
- Read and understand complex mortgage industry terminology and guidelines
- Understands Federal Regulations and Compliance guidelines
- Be a part of a team of underwriters, assisting our senior underwriters in both the competitive and negotiated markets to provide a thoughtful pricing approach and distribution of product through retail and institutional channels
9
Skills For Mortgage Processor / Junior Underwriter Resume
- Work closely with sales teams to help ensure real-time flow of market and deal information as well as investor interest and participation
- Support our Public Franchise banking business, providing market information to help our municipal security bankers develop appropriate solutions based on their clients' needs, goals and objectives
- Working experience in the life insurance industry
- Working knowledge of MS systems, i.e, MS Excel, MS Powerpoint, Outlook and MS Word
- Enhances underwriting expertise in the area of Inland Marine including completing appropriate industry training
- Review and establish pricing for new and renewal business by gathering, reviewing and analyzing account information
- Successfully complete the internal department Associate Underwriting training program with progression to the level of Underwriter within 12 months
10
Skills For Junior Underwriter Resume
- Knowledge of insurance principles, underwriting policies and procedures and guidelines for dealing with risk analysis
- Update NB Tracking System and inform agents and their leaders on the underwriting decision thru notify mail
- Perform analysis support and administer submissions, endorsements and other incoming documents based on underwriting rules and guidelines
- Facilitate accurate record keeping and continuously enhance data quality and control of Underwriting data
- Become familiar with and follow departmental guidelines and philosophy in relation to medical and financial underwriting topics and customer service issues
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