Underwriting Specialist Resume Sample
Brice Brekke
4004 Esmeralda Turnpike,
Dallas,
TX
+1 (555) 452 6166
Work Experience
Underwriting Specialist
11/2016
-
PRESENT
Philadelphia, PA
- Review financial statements affiliated with commercial loan requests
- Maintain integrity of customer financial and business data within the Bank's financial analysis system(s)
- Performs research related to customers and industries, when necessary
- Order credit bureaus and Dunn & Bradstreet reports
- Completes various credit requests including, but not limited to pricing models, CRE stress testing, CCSC forms or other Risk Rating review documentation, other internal rating tools, and additional minor work product as requested
- Ensures effective communication between Relationship Managers, Underwriters, Credit Risk Officers, Loan Documentation & Funding Control and other departments involved in the loan process
- Strives to minimize turnaround-time while thoroughly documenting credit requests and other assigned tasks and responsibilities
- Coordinate and perform all training needs of the Business Unit rating personnel, to include quality control for new employees and at management request
- Attend all training classes as instructed
Senior Underwriting Specialist
11/2011
-
05/2016
Houston, TX
- Identify and report any systems and/or rating problems to the Underwriting Unit, Compliance Unit, and management as needed
- Use ISONET to order specific rates and tentative rates
- Work with outside vendors (ISO/State Rating Bureaus) to research issues impacting rating
- Work with Management, Underwriters, and Compliance to research ISO coding issues and ISO coverage updates
- Use Silverplume and various other sources to keep current with DOI/State rating requirements
- Communicate to the business unit all pertinent changes/updates with regard to rating
- Serve as technical resource for Raters, Senior Raters, and Rating Analysts. Monitor rating staff workloads to ensure efficiency and accuracy within the Business Unit
- Discuss with Management any problems and possible solutions with regard to workloads/workflows
- Test new software products and systems when needed. Work with Operations/Issuance to resolve issues
Financial Institutions Underwriting Specialist
01/2005
-
08/2011
Phoenix, AZ
- Work with Management and Compliance to develop new guidelines and workflow as ISO, State or Carrier rules change
- Perform rating audits
- Complete a variety of day-to-day client service transactions, including updating Underwriting Decision memorandums, binders, cancellations and other necessary tasks as needed
- Process census files using pivot tables
- Perform post-sale installation audits in order to ensure that new policy files are properly prepared and meet carrier compliance standards
- Participate in quarterly and annual audit review process by scrubbing policies selected for audit by carrier partner
- Support proposal underwriting process by co-managing department’s incoming correspondence email accounts for new and inforce business
Education
Franciscan University of Steubenville
1999 - 2004
Bachelor's Degree in Business
Professional Skills
- Excellent written/verbal communication skills & negotiating skills
- Strong analytical skills; customer orientation, interpersonal and relationship management skills
- Strong organizational skills and time management skills; proficiency with PC applications. (Word, Excel, etc.)
- Demonstrated strong problem solving skills and ability to investigate and resolve more complex issues than the UW Specialist I
- Demonstrate strong verbal and written communication skills with internal and external customers/peers
- Proven problem-solving skills working with ambiguity to make decisions using good judgment
- Very strong marketing & relationship building skills
How to write Underwriting Specialist Resume
Underwriting Specialist role is responsible for analytical, negotiation, organizational, interpersonal, insurance, microsoft, marketing, customer, excel, training.
To write great resume for underwriting specialist job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Underwriting Specialist Resume
The section contact information is important in your underwriting specialist 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 Specialist Resume
The section work experience is an essential part of your underwriting specialist 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 specialist 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 specialist position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Underwriting Specialist resume experience can include:
- Strong interpersonal, communication and negotiation skills; Ability to effectively interact with all levels of internal and external business partners
- Strong PC skills with a solid knowledge base in MS Word, Excel, and PowerPoint software; AS400 knowledge helpful
- Excellent written and oral communication skills with the ability to handle confidential information, exercise tact, diplomacy and resourcefulness
- Demonstrated ability to effectively multi-task
- Customer contact tracking system and effectively capture the underwriting decision making process
- Works with production underwriters and Underwriting Manager to effectively underwrite and manage assigned renewals
Education on an Underwriting Specialist Resume
Make sure to make education a priority on your underwriting specialist resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your underwriting specialist 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 Specialist Resume
When listing skills on your underwriting specialist 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 specialist skills:
- Solid knowledge of underwriting and insurance industry theories and practices with prior commercial underwriting experience necessary
- Strong analytical and marketing skills are required
- Proven ability to facilitate and negotiate using tact and diplomacy. Negotiation skills with carriers for best rates and coverage terms
- Strong computer keyboarding skills
- Demonstrate both time management skills and ability to achieve communicated deadlines
- Effectively cultivates strong business relationships
List of Typical Experience For an Underwriting Specialist Resume
1
Experience For Senior Underwriting Specialist Resume
- Demonstrated effective customer service and problem solving skills
- Demonstrate highly advanced analytical skills and ability to deliver innovative, industry leading and creative solutions
- Strong portfolio management, organization, negotiation and time management skills with an understanding of the company’s business objectives
- Demonstrate written and oral communications skills
- Support or lead implementation of all underwriting changes by developing and delivering training need to ensure changes are effectively implemented
- Exceptional communication, problem solving and analytical skills are required
- Demonstrated effective multi-tasking
- Experience in commercial P&C underwriting or risk management areas or comparable experience in the commercial property and casualty lines field
2
Experience For Aging Services Underwriting Specialist Resume
- Proficient in computer skills and using various software packages
- Effectively analyze and underwrite new and assigned renewal business subject to established Underwriting Guidelines
- Effectively analyze and underwrite new and renewal business subject to established Underwriting Guidelines
- As a subject matter expert, Underwriter is responsible for knowledge sharing with less experienced underwriting team members
- A champion handling workload and prioritizing to meet deadlines often while multiple interruptions occur
- Prepare monthly financial reporting; annual enrollment growth and periodic premium validation evaluations as directed and assigned
3
Experience For Financial Institutions Underwriting Specialist Resume
- Prepare experience reports to support the renewal underwriting process
- Group Life and Disability underwriting experience
- Develop strong relationships with sales and broker networks, carrier partners as well as internal team members and customers
- Demonstrate superior customer service care to customers in a loss situation
- Demonstrated ability to analyze insuring agreements to determine coverage applicability
- Pricing, insurance, or warranty experience
- Work independently or on a team and prioritize own work to meet tight deadlines with high sense of urgency
- In-depth knowledge and underwriting experience for Hospital Professional Liability
4
Experience For Middle Markets Underwriting Specialist Resume
- Demonstrate strategic and marketing capabilities
- Analyze loss experience and interact with the claims team
- Develop underwriting practices and documentation that create a great customer experience
- Billing questions, resolving problems and issuing coverages within prescribed authority
- Completing policy renewal surveys
- Developing Premium and Coverage Terms & Conditions for Each Individual Risk Submitted
5
Experience For Management Liability Underwriting Specialist Resume
- Understanding of general insurance and legal principles
- Manages the AIM workflow process for the underwriting team by reviewing AIM entries and assigning work items to underwriters
- Develop & implement innovative underwriting solutions to meet our customers evolving expectations while making wise business decisions
- Acts with high levels of Underwriting Authority; expertly applies all applicable LOB Underwriting guidelines when making decisions
- Complete a variety of underwriting projects at the direction of the Underwriting Manager
- Collaborate with sales and brokers to understand and address unique circumstances and needs (timing, coverage, pricing) for specific applicants or customers
6
Experience For Senior Market Facing Underwriting Specialist Resume
- Set up and verify rating factors within our proprietary rating system
- Responsible for supporting rate change implementation including maintenance of rate and rule manuals and forms lists
- Provide technical expertise to credit unions by servicing commercial property & casualty coverage requests, answering
- Train credit union staff on using the Credit Union Protection website for transmitting requests for coverage changes and
- Provide mentorship and coaching expertise to CUP Servicing Team members
- Proficiency in PC Operations including word processing, Web applications knowledge and Excel
- Assist in handling an existing book of excess casualty renewal accounts and produce new business is required
- Deep understanding of risk assessment including medical and financial information as well as the use of data in the insurance risk selection process
- Assist underwriters by providing technical and program design support on Contractor's Professional accounts of varying levels of complexity
7
Experience For Underwriting Specialist, Crisis Management Resume
- Implement best practices in account management throughout the underwriting cycle, including coordination with other internal business units as appropriate
- Comfortable working in a fast paced, quickly changing and sometimes ambiguous environment
- Produce and underwrite a Property Terrorism book following all underwriting and internal guidelines
- Process new sold policies from sale through and including assumption of risk
- Evaluate and prepare risk assessments, adhering to established general policies and procedures
8
Experience For National Accounts Casualty Underwriting Specialist Resume
- Prepare renewal communications, adhering to policies and compliance requirements
- Independently complete the underwriting model and narrative as directed by underwriters
- Timely processing (2 business days) for all applications
- Provide consultative advice to clients regarding coverage questions and needs
- Maintain follow-up system for quotes, additional information, and/or account processing and
- Build relationships with sales team and clients,providing timely response to their needs
- Escalate risks that are beyond assigned authority to underwriting management for evaluation
- Adhere to underwriting guidelines, compliance and regulatory rules, Aon and department policies and procedures
- Answer incoming phone calls from current and/ or potential clients
9
Experience For Excess Casualty Underwriting Specialist Resume
- Learn insurance regulatory activities including surplus lines filings, state assessments, and compliance guidelines
- Accept and complete referrals from other Underwriting team members when requested
- Provide ongoing professional communication with field staff, insured’s, auditors, attorneys and other CUNA Mutual
- Conducts customer negotiations with other underwriting areas and Sales on assigned inforce book of business and new business opportunities
- Thorough knowledge and understanding of Group Disability, Life, and AD&D products and plan designs
- Documentation of all verbal and written communication between internal and external customers using an on-line
10
Experience For Field Underwriting Specialist Resume
- Manages an assigned book of business, focused on attaining profitable growth, persistency, and earnings. Performs case-specific risk assessments
- Manage an assigned book of business, focused on attaining profitable growth, persistency, and earnings
- Attend conferences and travel to meet key regional brokers to support FI marketing and business growth objectives
- Work accurately while maintaining speed and flexibility in a team and independent production environment
- Adjust in a continuously changing work environment
- Support Marketing/Agency activities (Sr. Underwriter and Sr. Consultant Underwriter)
List of Typical Skills For an Underwriting Specialist Resume
1
Skills For Senior Underwriting Specialist Resume
- Computer skills including experience using Microsoft Office (Word, Excel, Outlook) or comparable software and ability to learn and use complex systems
- Process and systems skills including Excel and Powerpoint
- Well-developed technical and analytical underwriting expertise and negotiation skills
- Demonstrated ability to establish effective working relationships with coworkers and customers
- Relevant underwriting experience with demonstrated productivity, profitability and business acumen
2
Skills For Aging Services Underwriting Specialist Resume
- Attention to detail, customer service skills, adaptable to a face paced environment
- Effectively negotiate solutions for our brokers and customers which result in a win/win/win for all parties
- Effectively price, underwrite and develop the business
- Professional phone and communication skills required
- Prior insurance industry experience
- Effectively assess risks and analyze exposures and trends specific to MLI coverages
3
Skills For Financial Institutions Underwriting Specialist Resume
- Experience with writing severity profiled primary and excess casualty accounts; large account experience is an asset
- Basic understanding of logic and concepts of Experience Rating to develop claim costs
- Thorough understanding of logic and concepts of Experience Rating to develop claim costs
- Demonstrate proficiency in the usage of all supplied desktop tools; including the automated underwriting system, email, and Microsoft office suite of products
- Insurance experience rating or brokering accounts
- Demonstrated understanding of the underwriting process
- Successfully manage multiple assignments with competing priorities
- Contractors Professional Liability underwriting experience
- Strong, established relationships with major broking houses and clients
4
Skills For Middle Markets Underwriting Specialist Resume
- Strong understanding of Contractors Professional coverage, market issues, a
- Advanced knowledge of Energy, Power Generation, Oil, Gas, Petrochemical and Mining experience
- Experience negotiating program structures, terms and conditions
- Technical commercial lines property underwriting business experience
- Level of technical specialty to include experience with National brokers while working on multi line and large accounts
- Experience with writing complex risk-managed accounts an asset
- Has a strong team spirit
5
Skills For Management Liability Underwriting Specialist Resume
- Has effective and developed organizational agility
- Microsoft Excel, Word, Access experience
- Conduct alpha search and consolidate total risks
- Establish and maintain effective producer and client relationships within assigned territory
- Mentors and collaborates with less experienced underwriters in order to further develop internal talent
6
Skills For Senior Market Facing Underwriting Specialist Resume
- Demonstrated ability to consistently meet productivity and quality standards with minimal support
- Demonstrated ability to successfully influence customers to take action
- Build strong partnerships and collaborate to ensure win/win for Aviva and the Broker
- Rapidly evaluate, prioritize and select submissions to be underwritten by Technical Underwriter
- Manage and develop effective producer relationships throughout assigned territory
- Proven track record to drive profitable growth
7
Skills For Underwriting Specialist, Crisis Management Resume
- Build and maintain strong relationships with clients and sales team members
- Demonstrated success in working in finance coursework
- Demonstrated ability to work well with coworkers and customers
- Five years of experience in property-casualty insurance required
- Strong knowledge of Excess Casualty and Umbrella lines of business especially Construction
- Strong financial acumen – understand financial statements/data, 5500’s, 990’s, and ratios used in analysis
8
Skills For National Accounts Casualty Underwriting Specialist Resume
- Demonstrate the ability to adapt to change as the company moves forward in its strategic vision
- Management Liability or Specialty Liability Lines experience
- Two or more years of insurance or data entry experience
- Professional Liability experience highly desired
- Agency or brokerage experience helpful
- Willing to be assigned in Iloilo
9
Skills For Excess Casualty Underwriting Specialist Resume
- Adhering to Willis Corporate and Carrier guidelines
- Work closely with department Program Manager underwriting new and renewal business; implementing underwriting guidelines and reviewing competitor policy forms
- Assume an active role in all aspects of the segment’s business, including marketing, risk evaluation, proposal development and binding of accounts
- Responsible for providing technical training and quality control in the form of mentoring
- Provide technical advice and coaching to other underwriting staff involved in this line of business. Conduct internal underwriting compliance audits
10
Skills For Field Underwriting Specialist Resume
- Coordinate strategy and work collaboratively with other aligned business units including engineering, analytics, and marketing
- Coordinate strategy and work collaboratively with other aligned business units including claims, actuarial, engineering, analytics, legal and marketing
- Set up a broker plans, target account lists & pipelines along with arranging and monitoring plans for poor performing accounts
- Thorough understanding of manual rating models and related pricing tools
- Supports new business underwriting needs as well as conserve existing business utilizing established methods to meet retention goals
- Update NB Tracking System and inform distributors on the underwriting decision through Inotify mail
List of Typical Responsibilities For an Underwriting Specialist Resume
1
Responsibilities For Senior Underwriting Specialist Resume
- Some experience working under tight deadlines and managing multiple priorities
- Serves as a resource for less experienced underwriters and is actively involved in the training/mentoring process
- Works in conjunction with Sales Agents on obtaining the any additional evidence of insurability
- Underwriting experience in the Casualty field
- Underwriter is responsible to lead, mentor, motivate, coach and develop less experienced underwriting team members
- Demonstrated ability to conduct negotiations with internal and external business partners
2
Responsibilities For Aging Services Underwriting Specialist Resume
- Monitor changes or trends from underwriting assumptions and recommend broad corrective action using experience and creativity considering client's needs
- Insurance industry experience
- Underwriting commercial general and environmental liability products
- Using ImageRight, perform file setup and organization of electronically stored documents
- Train credit union staff on using the Credit Union Protection website for transmitting requests for coverage changes and completing policy renewal surveys
- Takes on growing role in developing less senior staff
- Independently manage the monthly block rating process for the team, updating leadership of status
- Perform renewal analysis and rating of Blue Funding Solution accounts, facilitate annual settlement process with internal areas
- Responsible for risk evaluation including initial and in-depth underwriting analysis of assigned new and renewal Hospital Professional Liability submissions
3
Responsibilities For Financial Institutions Underwriting Specialist Resume
- Responsible for assessing and evaluating severity profiled casualty accounts, both primary and excess policies
- Provide technical advice and coaching to other underwriting staff involved in this line of business
- General knowledge of banking and accounting principles
- Responsible for the transfer of data to underwriting templates
- Negotiate pricing, terms and conditions, & deal structure with brokers
- Interface with a technical underwriting team to transmit risk relevant submission information
4
Responsibilities For Middle Markets Underwriting Specialist Resume
- Responsible for the accurate and timely rating of credible account rates on customers with 51+ eligible subscribers
- Participate in the development of new rating practices
- Engage internal Sales staff and provide account specific consultation regarding renewal
- Ensure accurate preparation of census data using Word and Excel
- Determine appropriate pricing based account risk profile
- Actively engages in supporting the positive consultative outcomes crucial to our long-term success
- Maintains updated records and case files in accordance with underwriting and records policies & procedures
5
Responsibilities For Management Liability Underwriting Specialist Resume
- Recommend coverage terms and conditions as well as pricing parameters
- Participates in account roundtable discussions to set final coverage and pricing strategies
- Provides assistance as required by the underwriting unit to support renewal and new business activities
- Gathers and organizes information and reports (e.g., loss runs, risk assessments, and loss ratings) that support the underwriting decision
- Develops strategic recommendations related to market competition, product development, and market pricing decisions
- Mentors new hires and/or underwriters in training
- Maintain accuracy of work product while managing high volume
6
Responsibilities For Senior Market Facing Underwriting Specialist Resume
- Thorough knowledge of pricing adjustments and available plan designs
- Understands the fundamentals of coverage, terms, and conditions – ability to offer coverage to generate profitability while still meeting customer needs
- Identify specific political and credit risks and analyze risk mitigating aspects of financial structures
- Works closely with engineering team and across the organization to develop and deliver tailored solutions to our clients
- Large Commercial Business Development and Underwriting
- Focus on new business generation – national scope, deal making role
- Conduct internal underwriting compliance audits
- Provide input into the analysing of the brokers portfolio and make recommendations where needed
7
Responsibilities For Underwriting Specialist, Crisis Management Resume
- Be a TDI underwriting contact person with the various provincial governments
- Work closely with the Energy & Construction Industry Financial Lines leader on growth and underwriting strategies
- Collaborate with local Professional Liability Regional Underwriting Managers to develop and execute strategies that focus on growth and innovation
- Maintain underwriting files and systems in accordance with department guidelines
- Maintain existing accounts and develop new sources of business in line with department risk appetite and guidelines to achieve targeted volume
- Document the above information in CAS underwriting notes
8
Responsibilities For National Accounts Casualty Underwriting Specialist Resume
- Underwrite all medical and complex cases, including ECI and HIB within the approval authority
- Underwrite all medical and complex cases, including ECI and HIB referred by more junior underwriters
- Make sound decisions and influence decision making
- Review and approve due diligence materials
- Prepare and send proposal or request for additional information
- Creating and producing accurate experience reports and/or evaluations, quarterly projections of policy earnings for designated accounts, reviewing final year end accounting, maintaining and underwriting new business, interacting with Billing and Claims to correct problems, maintaining updated records and case files
- Ad hoc projects on case specific, product specific or general level
- Takes a leading role in the analysis and/or handling of complex situations/case assignments with increased focus on client and company objectives augmented by growing underwriting and business expertise producing a more consistent strategic approach
- Group Insurance products
9
Responsibilities For Excess Casualty Underwriting Specialist Resume
- Undertake and lead projects for senior and executive staff to completion
- Flexibility and ability to manage several tasks
- Production oriented; responsible for growth and business development
- Accountable for accurate data entry and account/case documentation on the system and image documents as well as clear communications with the customer, broker, sales and service areas
- Identify and act upon cross-selling and upgrade opportunities with sales, brokers or the customer
- Participates in carrier audits as well as internal quality audits
- Leads and/or participates in long or short term projects as required
10
Responsibilities For Field Underwriting Specialist Resume
- Learn multiple products to support revenue growth
- Recognizes opportunities for process improvements and recommends changes and possibly implements
- P & C license is required within 6 months of hire
- Review, process and handle claim submissions from clients
- Read and comprehend insurance policies
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