Underwriting Associate Resume Sample
Work Experience
- Works with Development Coordinator in preparation and execution of station’s fundraising efforts, including pledge drives
- Maintains comprehensive knowledge of KETR’s polices, products, and services
- California Fire and Casualty Agent license
- Work experience encouraged; previous customer service, sales, insurance experience helpful
- High interaction via telephone, e-mail, or in person with external customers delivering customer service, and obtaining/providing information as needed
- Communicate with others to answer questions, reviewing files, records, and other documentation as needed; disseminate or explain information, take direction, and address complaints
- Conduct preliminary deal analysis; prepare applicable account data for review by underwriter or client manager
- Read, organize and work with detailed source documents from external customer information, determine appropriate next steps
- Support underwriting teams in organizing and preparing data for client/broker meetings
- Compose business correspondence, as needed, with input from underwriter (if needed),
- College or equivalent work or military experience
- Detail-oriented with the ability to demonstrate acceptable computation and accuracy
- Experience in customer services with the ability to problem-solve
- Errors in the tasks assigned can impact group income as well as accountability for the Underwriters assigned to them
- Clear interest in the Insurance industry with some exposure to an Insurance environment
- Strong working knowledge of Microsoft Office (Word, Excel, etc.)
- Years in Commercial Credit Management
- Years in commercial credit structuring (including complex C&I and CRE structures)
- Experience handling international accounts with direct and reinsurance assumed components
- Excellent computer skills - Microsoft Office Suite with emphasis on Microsoft Excel, Outlook
- Proven knowledge of arithmetic and algebra, administrative and clerical procedures including handling files and records, general economic and accounting principles, and principles and processes for providing customer service. This includes meeting established time and quality standards ensuring customer satisfaction
- Strong interpersonal skills and ability to build and maintain effective working relations in a multi-cultural environment
- The underwriter is responsible for identifying the key risk factors related to a specific transaction, as well as his/her assigned portfolio
Education
Professional Skills
- Six to twelve months on-the-job training to learn underwriting guidelines, procedures, and forms; establish work routine and schedule, and to effectively navigate and locate information in various department online databases and resources
- Strong customer services, and phone skills, intermediate computer skills, including MS Office, Windows interface, and stronger emphasis on Excel abilities
- Demonstrated experience using creative, problem solving skills with the ability to work in ambiguity
- Demonstrates strong interpersonal skills and ability to establish and maintain effective working relations with people in a multi-cultural environment
- Excellent listening, reading, written, and verbal communication skills
- Proven analytical skills including ability to identify and report problems or errors while working with significant amounts of detailed information
- Profound computer skills and experience with Microsoft Office Package, with focus on Excel (capable of handling bigger data sets)
How to write Underwriting Associate Resume
Underwriting Associate role is responsible for travel, interpersonal, computer, analytical, microsoft, research, training, credit, negotiation, underwriting.
To write great resume for underwriting associate job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Underwriting Associate Resume
The section contact information is important in your underwriting associate 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 Underwriting Associate Resume
The section work experience is an essential part of your underwriting associate 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 underwriting associate responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular underwriting associate position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Underwriting Associate resume experience can include:
- Demonstrate and utilize strong verbal and written communication skills
- Proven analytical skills including ability to efficiently identify problems or errors while working with significant amounts of detailed information
- Excellent analytical and computer skills including the ability to quickly adopt new technology
- Knowledge, skills and capabilities typically acquired through 3 or more years of related work experience
- Demonstrates analytical skills in order to determine and communicate
- Sound analytical, critical thinking and problem solving skills
Education on an Underwriting Associate Resume
Make sure to make education a priority on your underwriting associate resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your underwriting associate 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 Underwriting Associate Resume
When listing skills on your underwriting associate 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 underwriting associate skills:
- Strong social skills and ability to build and maintain effective working relations with people in a multi-cultural environment both locally and virtually
- Strong interpersonal skills and ability to establish and maintain effective working relations with internal and external people in a multi-cultural environment
- Your reading comprehension, verbal and written communication skills are excellent
- Excellent computer skills. Proficient in Microsoft Office Suite and PDF editing software
- Excellent communication skills (reading, written and verbal)
- Possesses strong communication and analytical skills
List of Typical Experience For an Underwriting Associate Resume
Experience For Senior Underwriting Associate Resume
- Profound computer skills and experience with Microsoft Office Package (Special focus on Excel)
- Attend meetings, workshops, and training to learn new processes, guidelines, and skills needed to support underwriting team. Occasional travel (<5%) required
- Attend meetings, seminars, and programs to learn about new processes and guidelines, learn new skills, and stay updated with the underwriting team supported
- Deal effectively with a wide variety of people
- Position handles complex tasks, processing of non-standard lines of business, and triaging priorities for the business unit supported
- Experience with administrative and clerical procedures including managing electronic files, data and records
Experience For Underwriting Associate & Customer Service Rep Resume
- Serves as primary branch service contact to ensure superior customer service experience when handling new business, adjustments or cancellations
- Proven ability to do root cause analysis and associated troubleshooting
- Strong research, due diligence, and project management capabilities
- Partners with field and team members to create a great experience for our customers
- Be able to prioritize workload in order to meet the deadlines and accuracy requirements
- Position with experience and industry knowledge - Multinational Programs and Primary Lead Business
- Health plan or insurance experience
Experience For Underwriting Associate Trainee Resume
- Reading, organizing and working with detailed source documents from external customer information
- Working collaboratively with Zurich’s rating team
- Attending management meetings as needed and execute on reporting requests
- Conducting preliminary deal analysis; preparing applicable account data for review by Underwriters
- Serving as team SME
- Screening and checking quality of submissions (requesting additional information/clearing business)
- Support underwriting teams with other costing related tasks (such as premium calculation, Natural Catastrophes analysis, preparing data for 4-eye review, etc.)
Experience For Underwriting Associate RJB Resume
- Regular interaction via telephone, e-mail, or in person with external customers delivering customer service and obtaining & providing information as needed
- Participate on special projects as assigned, including but not limited to testing or piloting system, tool & process changes
- Perform assigned tasks following standard operating procedures, delegating to outsourced Operations teams as required
- Comfort working in a fast paced, quickly changing and ambiguous environment
- Offer cross-team support to teams whose core task is entering and maintaining information in systems and tools
- Perform assigned tasks following standard operating procedures
Experience For Surety Underwriting Associate Resume
- Provide support to members of the underwriting department in the areas of underwriting operations, procedures and policy endorsements and policies
- Formulate financial models that incorporate the impact of his/her forward-looking risk assessment on key value drivers
- Cross trains in a variety of business types including cancellations, adjustments and renewals
- Provide proactive and timely response and resolution to title policy and endorsement underwriting queries
- Responds to account inquiries such as account status and billing issues
- Make sure the data entered have supporting documentation attached
- Determine the appropriate Property Industry Classification of the insured assets through a review of their operations and discussions with underwriting team
- Reflect insurance policy terms and conditions into the costing tools
- Identify and input secondary modifiers relevant for the costing
Experience For SBA Underwriting Associate Resume
- Assess risk through our pricing models, interpret results and form recommendations
- Enter and maintain information in systems and tools, including documents, process changes and associated open/completed tasks
- Follow-up on outstanding documents or items, per guidelines
- Fluent in Spanish; working, professional English
- Documents, maintains and issues electronic policies and other underwriting files
- Support of underwriting units in daily business tasks
Experience For Commercial Bank Risk-senior Underwriting Associate Real Estate Resume
- Accurately and efficiently analyse data following established processes
- Assess risk through our costing models, interpret results and form recommendations for the underwriter
- Support underwriting teams with any other business related tasks and participate in projects or current initiatives
- Investigate open issues in support of Accounting group
- Participate in the development and training of Associate-level staff
- Build and maintain electronic account records and documents following established guidelines and processes
Experience For Credit & Underwriting Associate Resume
- Knowledge and understanding of commercial property insurance principles and practices
- Knowledge of arithmetic, algebra, and general economic & accounting principles
- Develop and recommend appropriate credit structures relative to your risk assessment
- Reviews plans, specifications and scope of work to determine property’s comparative advantage within the market
- Completes application analysis and file preparation of commercial or contract new business, or performs the completion of bond, policy, and related forms using a data base application; or operate a PC to compile business correspondence
- Understand and become proficient in the use of the PC applications and software
- Communicates frequently in a professional manner with agents via telephone, email, fax or written correspondence as required
Experience For Underwriting Associate for Private Banking Resume
- Work as part of a team, as well as independently, to make timely, high quality decisions under tight deadlines
- Review any necessary transactional, organizational and authority documents
- Prepares and reviews investment memos and asset summary reports (ASRs) consistent with PLG’s requirements as it relates to each loan program
- Acts as credit conduit for loan originator’s and DCU for new loan requests
- Complete transactions in BONDirect as well entering and saving underwriting information in BUS, entry of financial information into Moody's Risk Analyst system and providing excellent customer service to our internal and external customers
- Processes new business, adjustments, and cancellations, for either or both commercial and contract bonds, at either transactional or account level within specified guidelines
- Enters financial statements and WIPs into the appropriate systems accurately and timely
- Collects data for analysis and completes file documentation
Experience For Underwriting Associate for Technology Life Sciences Resume
- Responds timely to agent inquiries and assists with problem resolution
- Escalates issues to the Team Lead and / or Operations Manager timely
- Desire to learn Surety knowledge and awareness of how the various roles/functions fit together, and the importance of each
- Manage workload to meet goals and service standards
- Work in a paperless environment and adapt to frequent change
- Underwrites individual life insurance applications to assess mortality and determine the appropriate risk classification
- Actively engages in the self-managed activities of the team. These activities evolve and might include assisting less experienced co-workers, managing workflow, flexing to ensure appropriate coverage and using interpersonal skills to increase effectiveness of working relationships as well as team performance
- Drive to achieve strong service results: quality, productivity and cycle time
- Gain in-depth knowledge of medical terminology and human anatomy
List of Typical Skills For an Underwriting Associate Resume
Skills For Senior Underwriting Associate Resume
- Logical thinking and analytical skills, ability to connect the dots, eye for detail
- Communicate effectively with manager, the underwriting team and with outside producers
- Exceptional quantitative, analytical, and problem solving skills
- Proficient computer skills and use of Microsoft Office programs (Word, Excel, Outlook, etc.)
- Well-developed interpersonal skills – written and verbal communication, coaching and negotiation
- Demonstrated knowledge of arithmetic and algebra, administrative procedures including managing files and records, general economic and accounting principles
- Proven ability working in globally located team situations, understanding and demonstrating sensitivity toward cultural differences
- Demonstrate an aptitude for evaluating, analyzing and interpreting information
- Work both independently or collaboratively while establishing priorities; ability to handle multiple tasks in a rapidly evolving environment
Skills For Underwriting Associate & Customer Service Rep Resume
- Experience working with Large Property Risks
- Demonstrated success working collaboratively in a matrix environment
- Establish priorities and to plan, coordinates, and monitor personal work plan maintaining status and oversight of multiple submissions
- Prioritize your workload to meet legally binding deadlines
- Proven track record of performance in underwriting or other support roles
- Develop and maintain strong relationships with origination and closing departments as well as external agency investors
Skills For Underwriting Associate Trainee Resume
- Work both independently and as a team; set priorities to handle several multiple tasks at the same time
- Able to prioritize workload in order to meet the deadlines and accuracy requirements
- Experience in (Re)Insurance business from Latin America
- Setting up and finalizing accounts in the systems (underwriting, pricing, invoices etc.) ensuring the highest level of data accuracy
- Assisting the Underwriters with drafting and preparing contractual documents and invoices and composing business correspondence as needed
Skills For Underwriting Associate RJB Resume
- Supporting Underwriters in organizing and preparing data for client/broker meetings
- Handling of closings, statements and contract changes during the policy period
- Perform a variety of underwriting-related activities including Design and development of meaningful reports for tracking and managing growth initiatives
- High interaction and coordination with Underwriting, and other functional areas including, but not limited to Products, Accounting, Finance and Claims
- Assist Underwriting Team with drafting and preparing contractual documents and invoices
- Specialize in the processing and underwriting support of the most difficult business including multi-national/local, package, portfolio or specialty policies
Skills For Surety Underwriting Associate Resume
- Actively contributing to the team spirit Accountable to deliver timely and accurate business processing also during peak times
- Answers face-to-face, telephone or written inquiries from clients regarding coverage, rating and billing procedures
- Responsible for gathering and organizing reports and information necessary to prepare an employer stop loss submission to the Underwriting department
- Assist in training and mentoring newly hired Underwriting Associates with the traditional product
- Support in premium handling, monitoring and chasing
- Adapt to fast-growing environment, change and demand in a challenging environment
- Provides support to members of the underwriting department in the areas of underwriting operations, procedures and policy endorsements and policies
- Maintain filing and copying in support of assigned underwriters
Skills For SBA Underwriting Associate Resume
- Position requires participating and/or leading internal/cross-unit projects, if required, as a Subject Matter Expert for the business
- Develop knowledge and understanding of Surety products, underwriting principles, and strategies
- Provides guidance to the field force and home office staff regarding underwriting philosophy and requirements
- Accountable to deliver timely and accurate business processing also during peak times
- Perform assigned rule-based tasks following standard operating procedures
Skills For Commercial Bank Risk-senior Underwriting Associate Real Estate Resume
- Supports the underwriter with ongoing service, renewal planning and endorsements
- Understand local and national requirements related to affordable housing financing
- Utilize the proper SOP's for each task related to preparing an employer stop loss submission to the underwriting department
- Design and develop meaningful reports for tracking and managing growth initiatives
- Support teams in organizing and preparing data for client meetings
Skills For Credit & Underwriting Associate Resume
- Responsibility to deliver timely and accurate business results also during peak times
- Applies knowledge to technical processing tasks through daily activities and
- Capable of recognizing when to involve management where needed in daily operations to solve any operational issues
- Applies knowledge to technical and processing tasks through daily activities and responsibilities
- Actively contributing to the team spirit
- Identify problems or errors while working with significant amounts of detailed information
- Knowledge and understanding of Re-/ Insurance business
Skills For Underwriting Associate for Private Banking Resume
- Handle daily billing and receivables tasks for assigned agents
- Resolve billing and receivable discrepancies with agents
- Investigate open item issues in support of accounting group
- Participate in testing and documentation of new software updates as they pertain to the business
- Participates in the development and training of Associate level staff/ new entrants
- Support of underwriting units in complex business matters
- Actively participating on special projects, as assigned
- Position requires timely and accurate business processing of administrative and technical assignments for the business unit
Skills For Underwriting Associate for Technology Life Sciences Resume
- Position begins to handle complex tasks and non-standard processing
- Develops underwriting analyses for renewal quotations
- Communicates with carrier, agents, auditors, and insureds, as well as company loss control, claims and accounting personnel
- Knowledge and understanding of commercial (property / casualty) insurance principles and practices
- Compile, sort, review and verify data accuracy using source documents, detect errors, and initiate correction, respect guidelines
- Follow-up on outstanding documents or items
- Basic knowledge of specialty lines products and contract language including regulatory and policy differences among applicable states, admitted/non-admitted
- Travel to markets throughout the United States to conduct site inspections, meet with internal and external clients, and participate in training opportunities
List of Typical Responsibilities For an Underwriting Associate Resume
Responsibilities For Senior Underwriting Associate Resume
- Underwriting/underwriting operations, claims, risk management or premium audit experience within workers compensation, general liability and/or auto
- One year of experience underwriting or in a similar setting
- Experience working with Property Construction Risks
- Re/insurance knowledge and experience
- A strong customer focus and service orientation
- Position with experience and industry knowledge
- Working knowledge and understanding of underwriting principles
- Understanding of legal and medical terminology
Responsibilities For Underwriting Associate & Customer Service Rep Resume
- Collaborates on the development and maintenance of Standard Operating Procedures, system and tool enhancements, and testing/ piloting changes
- Acts as a resource and coach for Associate questions and direction including feedback on training needs
- Identify the type of the client's property by reviewing the documents and doing an additional research
- Assistance with business-processing and technical support to the CorSo Underwriting team
- Perform limited responsibilities for new business bonds to include premium calculations, coding and reviewing to assure complete information
- Updates rating information and verifies accuracy of policy information
- Create and maintain electronic records if required following established guidelines and processes
- Facilitate structuring of loans. This duty is performed daily, about 25% of the time
Responsibilities For Underwriting Associate Trainee Resume
- Processes transactions based on error and exception reports generated at various times during the month
- Assist in the development and maintenance of standard operating procedures
- Travel for training and throughout the year is required
- Travel for training is required
- Generates new business opportunities and sells new business policies
- Determines acceptability of new & renewal business per the company's Underwriting rules and guidelines using information gathered from insured, brush fire reports, motor vehicle records, CLUE reports, inspections and reisk notices from claims
- Solicits new business and cross-sells increased or additional coverage
Responsibilities For Underwriting Associate RJB Resume
- Provides rate and coverage information to prospective clients' inquiries
- Processes new business, adjustments, and cancellations, for either or both commercial and contract bonds, at either tr Enters financial statements and WIPs into the appropriate systems accurately and timely
- Excellent computer skills - Microsoft Office Suite with emphasis on Microsoft Excel, Lotus Notes
- Demonstrated knowledge of arithmetic and algebra, administrative and clerical procedures including managing files and records, general economic and accounting principles, and principles and processes for providing customer service. This includes meeting established time and quality standards ensuring customer satisfaction
- Can cope with changes in tasks and priorities
- Work independently and in conjunction with others
- Primary responsibility for communication between Underwriters and the Policy Management Team
- High interaction and coordination with underwriting, near-shore/off-shore, other functional areas including, but not limited to Products, Finance, Claims, Compliance and Policy Processing
- Communicate well with others to answer questions, reviewing files, records, and other documentation as needed; disseminate or explain information, take direction, and address complaints
Responsibilities For Surety Underwriting Associate Resume
- High interaction via telephone, e-mail, or in person with external customers delivering superior customer service, and obtaining/providing information as needed
- Prioritize the workload in order to meet audit SLA and accuracy requirements
- Compose business correspondence, as needed, with input from underwriters (if needed)
- Attend meetings, seminars, and programs to learn about new processes and guidelines, learn new skills, and stay updated with the underwriting team supported. (some travel involved)
- Accurately and efficiently analyze data following established processes and procedures
Responsibilities For SBA Underwriting Associate Resume
- High level of interaction and coordination with team members
- Work closely with underwriters, experts and other departments in order to handle tasks on time with high quality
- Review, check and gather insurance and legal documentation
- Review insurance submission data for accuracy and completeness
- Reflect insurance policy terms, conditions into the systems
- Interpret and manipulate non-standard submission data for the risk to be appropriately modelled
- Ensure that the entered values are correct
- Maintain and update the risk information
- Maintain and update the SOP to reflect the business requirements and portfolio specifics
Responsibilities For Commercial Bank Risk-senior Underwriting Associate Real Estate Resume
- Compile, sort, review and verify data accuracy using source documents, detect errors, and initiate correction while following-up with customer or process owner regarding any inconsistencies found
- Perform other position related tasks (e.g. participation in projects, initiatives, etc.) as instructed by Supervisor
- Provide cover for roles in other teams
- Any other ad hoc tasks as required from time to time
- Interact daily with team members, underwriters, experts and other departments across Swiss Re offices in Europe and Middle East
- Review, check and gather insurance and legal documentation and ensure accuracy and completeness in internal systems
- Perform other position related tasks (e.g. participation in projects, initiatives, collaborate with other teams, etc.) as instructed by team leader
- Deconstructs submissions by identifying, gathering and entering information into systems, pricing tools and models; flagging referral triggers, and initiating/managing requests to internal/external service providers (e.g., inspections, claims, compliance)
- Gathers, analyzes and ensures the accuracy of pricing and proposal information (rating and pricing tool output, proposal language, coverage forms and endorsements, financial and legal agreements and offer/ disclosure /election forms) used by the underwriter to complete the coverage review, hazard analysis, pricing strategy and proposal
Responsibilities For Credit & Underwriting Associate Resume
- Provides customer service to brokers and agents to facilitate the processing of business; answers questions, resolves problems on topics such as policy transactions, billing, and service needs
- Act as a resource, mentor or subject matter expert for less experienced coworkers within or outside of the team
- Executes post-sale account management workflow, including initiation of billing, policy issuance, acquisition of account agreements and file documentation
- Initiates pre-renewal communications via conditional/non-renewal notice draft when necessary
- Proficiency in MS Office programs Word, Excel, and Outlook required
- Knowledge of specialty property/casualty pricing models, coverages, endorsements, forms, cancellation/conditional renewal requirements, terms, processes and internal service departments
- Perform work accurately, timely and with minimal supervision
Responsibilities For Underwriting Associate for Private Banking Resume
- Capabilities include critical thinking, problem solving, decision making, customer focus, detail orientation, written and verbal communications, organization, adaptability, courtesy, dependability and ability to learn and apply new information quickly and accurately
- Ensure loans are in compliance with applicable Credit & Underwriting Policies. This duty is performed as needed, about 5% of the time
- Complete credit approval memos. This duty is performed daily, about 25% of the time
- Provide guidance and support on Loan Structure to loan production team. This duty is performed daily, about 30% of the time
- Conduct on-site inspections as appropriate and coordinate with various vendors. This duty is performed weekly, about 10% of the time
- Support Senior Underwriters in all aspects of new deal closings
- Assist in financial feasibility analysis of construction loans, permanent loans (agency and balance sheet), and permanent loan conversions
- Process deals through internal systems to ensure regulatory requirements
Responsibilities For Underwriting Associate for Technology Life Sciences Resume
- Review due diligence and prepare committee packages for approval
- Manage communications among a diverse mix of internal and external participants
- Forwards specific requests to the workflow management system, manages work within the system, and completes work items timely to ensure accurate production and service data
- Handles rush / escalated requests from assigned UWs, Team Leads or Senior UA
- Processes new business, adjustments, cancel/rewrites, cancellations, renewals, WIPS, and financials for both Contract and Commercial bonds, at both the transactional and account level, within specified guidelines
- Works closely with Agency Accounting to research and resolve billing discrepancies. Works closely with assigned UWs to coordinate collection efforts on overdue premium. Escalates aged items, as appropriate
- Communicates with individuals across the organization effectively and develops relationships
- Input necessary information into the underwriting module
- Verify and analyze necessary account data from underwriting systems