Underwriter Trainee Resume Sample
Charity McDermott
3247 Rocky Ranch,
San Francisco,
CA
+1 (555) 319 2033
Work Experience
Underwriter Trainee
06/2017
-
PRESENT
Los Angeles, CA
- Includes formal underwriting training and is intended to prepare incumbent for assignment as Underwriter typically within 6 – 9 months
- Interact with HUD representatives regarding underwriting submission
- Three years commercial real estate experience or equivalent real estate educational experience
- Underwriters in this fast growing segment work with private companies and non-profit organizations across all industries. Our diverse customer base and product knowledge allows us to add value to our agents & Insured’s
- Marketing: build and maintain relationships with agents, brokers, and insured clients to help achieve business goals
- New business development and retention: sell to, negotiate with, and influence agents and brokers to manage a profitable book of business
- Recommends credit decisions based on the applicant’s qualifications
- Respond with thoroughness and expedience to all internal and external inquiries based on SLA’s
- Strong listening skills to ensure understanding of the producer’s questions and concerns
Surety Underwriter Trainee, Commercial Surety
06/2013
-
04/2017
San Francisco, CA
- Ensuring all information entered in Reinsurance Systems is kept up to date and accurate, prompt processing of slips, aggregates, SCM’s, reinsurance orders
- Collaborating with XL Catlin’s international offices to maximise underwriting opportunities
- Underwriting and policy file documentation
- Servicing our agents and clients
- Production: Responsible for an assigned book of business in which account information is evaluated, underwritten and priced within authority guidelines. Has responsibility for complex risk selection / rejection, retention, growth and profitability within scope of authority and per divisional objectives
- Customer Service: Maintains a high level of customer service. Communicates directly with Agents and Brokers to develop and maintain strong relationships. Promptly issues quotes, policies and endorsements
- Profitability: Evaluates assigned book of business to maintain department profitability. Evaluates new agents and brokers potential for new business. Orders and analyzes miscellaneous business reports needed in the rating and underwriting processes, including credit checks, bank agreements, financial statements and underwriting surveys
- Manage renewal business under the supervision of an Underwriter and move to developing new business
- Develop critical underwriting and financial analysis skills, through independent self study and on-the-job training, including analysis of client financial statements, exposures, determination of appropriate surety coverage and conditions, and the assignment of premium amounts
Commercial Lines Underwriter Trainee
03/2010
-
04/2013
Chicago, IL
- Establish, support, and maintain effective relationships with clients, agents and brokers
- Assist Corporate Underwriting in preparation of audit plans
- Exposure analysis specific to line of insurance being evaluated
- Evaluation of financial exposures and account pricing
- Manage renewal business under the supervision of Underwriters/Manager and move to developing new business
- Develop critical underwriting, research, and negotiation skills, through independent self study and on-the-job training
- Accountable for accurate underwriting documentation in ImageRight, adherence to documentation standards, and compliance of your Underwriting Authority (when received)
Education
Kean University
2005 - 2010
Bachelor's Degree in Risk Management
Professional Skills
- Proven leadership skills through extracurricular activities, internships/co-ops, or work experience
- Possess strong communication, customer service, and analytical skills
- Strong verbal, analytical and organizational skills
- A collaborative team player with strong interpersonal skills
- Proficient computer skills and use of Microsoft Office program (Word, Excel, Outlook, etc.)
- Superior verbal/written communication and analytical skills
- Underwriting or related financial analysis experience
How to write Underwriter Trainee Resume
Underwriter Trainee role is responsible for training, analytical, underwriting, credit, finance, integration, compensation, design, insurance, software.
To write great resume for underwriter trainee job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Underwriter Trainee Resume
The section contact information is important in your underwriter trainee 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 Underwriter Trainee Resume
The section work experience is an essential part of your underwriter trainee 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 underwriter trainee responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular underwriter trainee position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Underwriter Trainee resume experience can include:
- Establish, support, and maintain effective relationships with management, your team, and our brokers
- Strong ability to exercise discretion and independent judgement
- Strong desire to learn the business and obtain full underwriting authority
- Demonstrate a ‘can do’ attitude
- Working knowledge of spreadsheet, word processing and email software required
- Responsible for performing, coordinating and leading the day-to-day activities of employees performing policy administration tasks
Education on an Underwriter Trainee Resume
Make sure to make education a priority on your underwriter trainee resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your underwriter trainee 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 Underwriter Trainee Resume
When listing skills on your underwriter trainee 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 underwriter trainee skills:
- Communicate effectively at all levels within the company
- A good understanding and ability to apply financial/credit analysis
- Strong conceptual understanding of mathematics and quantitative analysis
- Insurance Company Operations or Underwriting Experience
- Computer savvy- experience with MS office suite
- A strong academic background from a Russell Group University in any discipline
List of Typical Skills For an Underwriter Trainee Resume
1
Skills For Trainee Underwriter Resume
- Able to organize and prioritize to meet multiple demands and commitments
- Multifamily appraisal experience
- Strong numeracy is essential
- Strong data analysis ability
- Learn how and when to interact with superiors, training staff, and/or medical department when assessing and documenting risk
2
Skills For Surety Underwriter Trainee, Commercial Surety Resume
- Develop proficiency in human body systems and how disease affects mortality and morbidity in the setting of underwriting for insurance
- Develop proficiencies in internal administration systems and processes that support the task of underwriting. (Processing, documentation, efficiencies)
- Assist in developing statistical bases to support innovation and marketing strategies
- Assist in developing and maintaining analytical tools for Healthcare product and design
- Develop knowledge and understanding of all aspects of the business, which requires co-ordination and integration with every department including
3
Skills For Direct Sales Underwriter Trainee Resume
- Provides information and support to advisors through emails, SMS, and answering telephone inquiries
- Renders assistance as maybe required to attain the department business objectives in supporting company drives and contests
- Participation in Great American’s education and training curriculum
- Participates in / performs activities related to risk selection / rejection, pricing, retention, growth and profitability per divisional objectives
- Evaluate and rate new business and renewals by working with relevant sales people and account managers
- Assist in the development of pricing analysis of products
- Develop expertise in reviewing healthcare contracts
- Understand the insurance underwriter’s complex role and how it relates to both the customer and overall company operations
4
Skills For Contract Surety Underwriter Trainee Resume
- Work up cases with supervisory assistance in the most efficient manner for presentation
- Completes various training programs: reading programs, medical, non medical and financial underwriting training programs, familiarization with the different forms, products and systems used, within the prescribed time
- Prepares presentations relating to reading programs and passes the required written examinations
- Reviews previous existing policy records and compares them with the current information in the new application; computes total existing policies in force; learns how to compute retention and reinsurance limits
- Evaluates applications to look for possible impairments (health, diseases, occupation, hobbies, residence in dangerous countries, financial circumstances, moral hazards, lifestyle, etc.) that can increase the person’s insurance risk; records underwriting assessment and refers to a senior underwriter
5
Skills For Commercial Lines Underwriter Trainee Resume
- Orders underwriting requirements including AMLA requirements, required forms, proposal, age/amount medical and financial underwriting requirements
- Reports impairment codes of rated, Not as Applied For and Rejected cases to PLIA MIB System
- Refers malpractices and misrepresentations to immediate superior and to Compliance immediately upon discovery
- Prepares cession forms for reinsurance cases
- Open to relocation to other Great American locations
- Ideally exposure to all aspects of the health insurance business
- Professional qualifications not required though pursuit of same is encouraged
6
Skills For Production Underwriter Trainee Resume
- Willingness to undertake ACII (Advanced Diploma in Insurance) studies with a view to obtaining professional vocational qualifications (sponsored by the Company)
- Analytical, with keen ability to think through issues
- Customer service oriented, and able to use independent judgment and initiative to support business goals
- Willingness to enroll in and complete the General Insurance Program (INS 21, 22, 23) or related insurance program required
- An ability to work autonomously and accurately
- Long term career focus, eager to learn
7
Skills For Healthcare Underwriter Trainee Resume
- Highly proficient with MS Word, Excel, Outlook
- Work in a fast paced environment and to independently and collaboratively juggle many tasks simultaneously
- Proficient in Microsoft Excel, Microsoft Word and Outlook
- Maintain confidentiality of company sensitive data
- Enhance knowledge and experience in underwriting techniques and decision making methods, problem solving methods, sales and negotiating skills, with guidance from experienced underwriters and team leader
- Work in branch office to receive long-term training and ability to achieve full underwriting authority
- Work with Underwriters to help 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
- Be trained to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing
- Reading assignments on various topics including insurance products such as commercial automobile, general liability, property and workers compensation as well as general topics such as business ethics, legal system, negotiation and human relations Case studies involving actual underwriting files -Learn and perform functions related to the underwriter desktop (technology and tools)
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