Senior Underwriter Job Description
Senior underwriter
provides advice and counsel to managers, supervisors and employees regarding laws, regulations, policies, CBAs, procedures and practices related to employee relations matters.
Senior Underwriter Duties & Responsibilities
To write an effective senior underwriter job description, begin by listing detailed duties, responsibilities and expectations. We have included senior underwriter job description templates that you can modify and use.
Sample responsibilities for this position include:
Adheres to underwriting procedures and guidelines, while developing strong producer relationships
Communicates with retail/wholesale staff and branches to make underwriting and processing recommendations and/or answer questions regarding loan policies and procedures
Maintain and appropriately use 1st charge mandate to approve applications
Process & underwrite Contract Variation applications from initial enquiry through to completion
Liaise with introducers on a regular basis covering DIP's, pipeline, referrals and quality of packaging, within agreed SLA's
Analyze application and information focusing on medical and financial condition and other standard factors, which can affect mortality
Discuss status of underwriting process with agents /brokers
Refer case with amounts greater than stated signature retention authority to Senior Underwriter Consultant
Assumes more complex life cases
Assist in creating and maintaining underwriting guidelines
Senior Underwriter Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Senior Underwriter
List any licenses or certifications required by the position: DE, SAR, FHA, SASE, ALU, VA, LAPP, AFSB, RPLU, CPCU
Education for Senior Underwriter
Typically a job would require a certain level of education.
Employers hiring for the senior underwriter job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Education, Finance, Accounting, Economics, Management, Business/Administration, Mathematics, Real Estate, Writing
Skills for Senior Underwriter
Desired skills for senior underwriter include:
Microsoft Office Suite
Forms
Regulations and governance
Applicable laws
Laws and regulations related to area of responsibility
Underwriting processes and procedures
Procedures
Practices
Regulatory environments and risks
Commercial insurance coverages
Desired experience for senior underwriter includes:
Effective written and oral communication skills both English and French
Works effectively in team environment and or with minimum supervision
Must thrive in a fast paced environment and comfortable with constant deadlines
Demonstrated ability to work independently and remain on task
Post-secondary diploma in any discipline is an asset
Thorough knowledge and understanding of underwriting philosophy
Senior Underwriter Examples
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Senior Underwriter Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of senior underwriter. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for senior underwriter
- May or may not act with high levels of underwriting authority, based upon experience and qualifications
- Works with credit/underwriting team in Residential Loan Operations to analyze and make credit decisions on single family residential mortgage loan programs
- Inputs, accesses and retrieves information on the mortgage loan processing system
- Selects and underwrites Commercial Lines new and renewal risks within delegated underwriting authority
- Consults with agents and brokers to obtain new business submissions and manages the assigned territory by visiting agents, brokers and clients
- Requires in depth knowledge of the local marketplace, strong agency relationships and a keen sense of local competition
- Evaluates risk and underwrites Group Health products under the pricing and underwriting guidelines established by SGLA
- Visit existing and potential clients and distributors at their offices and at industry meetings
- When an account is sold, this position is responsible for notifying the appropriate Group Health team members and providing the final proposal to the Contract Writer and client / distributor
- Peer review and sign off, when appropriate given authority levels, on new business or renewal quotes
Qualifications for senior underwriter
- Three years of actual appraisal experience or formalized training from Institute classes (MAI) Society of Real Estate appraisals and/or MBA classes and/or OTJ underwriting
- Industry course work such as LOMA, ALU, CLU, is preferred
- Ability to review guidelines, memos, manuals
- Respond to inquiries from state and regional counsel, direct operations, independent agents, and customers (including attorneys and lending institutions, such as banks, savings and loans, and mortgage bankers, ) relating to National underwriting issues
- Experience in interpersonal, presentation, and persuasion skills
- Experienced in meeting individual business objectives
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Senior Underwriter Job Description
Job Description Example
Our innovative and growing company is hiring for a senior underwriter. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for senior underwriter
- Determines acceptability of risks within program
- Services existing accounts (endorsement changes, certificates, and other service as needed)
- Assist regional manager and product leaders in further developing existing broker relations establish new relationships to attract business opportunities
- Underwrite and analyze new business and renewal submissions
- Cross-marketing with other XL lines
- Gather, analyze and evaluate risk exposure through appropriate risk documentation
- Determining acceptability of risks in accordance with company guidelines and standards
- Determine appropriate pricing based on financial and competitive analysis in line with compliance requirements
- Negotiate with brokers to reach positive and profitable outcomes
- Analyzes the quality, quantity, and profitability of Programs underwritten
Qualifications for senior underwriter
- Ability to work with diversified group of home office underwriters, sales, and agents to provide the best customer service
- Four year college degree in business or a related field or equivalent combination of education and relevant experience (Academy of Life Underwriters, American College, Life Office Management Association active and ongoing enrollement
- Proactive leadership of system data cleansing exercises to improve overall portfolio data quality, to achieve high standards of regulatory compliance and to minimize audit exceptions
- Potential occasional attendance at other client or obligor customers’ locations to review financial investment opportunities
- Co-ordination of due diligence exercises and client portfolio merger work from a risk underwriting perspective involving the internal clients serviced by the team
- Contribution to the ongoing development of key risk management tools and client communication channels
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Senior Underwriter Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of senior underwriter. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for senior underwriter
- Identify thematic solutions for common service needs and assist in developing procedures to streamline, eliminate or automate these needs
- Provides professional, timely and courteous communication and service to external clients and cross departmental staff to successfully resolve issues pertaining to policyholders and territory producers
- Collaborates with territory team on reports and update databases as required
- Assists in gathering and communicating competitive information
- Conducts risk review and analysis and determines terms and conditions appropriate pricing in accordance with granted authority and XL Catlin underwriting guidelines
- Cultivate effective business relationship with accounts, providing risk stewardship including initial setup of service commitments and ongoing consultation
- Underwriting both new and renewal lawyer’s professional liability business within assigned territory
- Developing, maintaining and servicing broker relationships within the distribution model
- Underwriting both new and renewal business within assigned territory
- Specific duties as assigned by management due to regional specialty crops
Qualifications for senior underwriter
- 500125- Responsible for ensuring the effective risk selection of cases reviewed
- Ability to identify underwriting strengths particularly on large, more complex or elderly cases
- Ability to present sales ideas to agents depending on the rating
- Individual Life or DI Underwriting experience
- A minimum of 5 years’ experience as a Casualty Underwriter
- Must also have demonstrated negotiation and production skills
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Senior Underwriter Job Description
Job Description Example
Our company is looking to fill the role of senior underwriter. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior underwriter
- Assist Underwriting Manager in relating to underwriting and marketing activities
- Underwriting both new and renewal MPL business within assigned territory
- 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 underwriting manuals
- Document documentation, without under or over-documenting
- Interpret reported Medical Information Bureau (MIB) codes and report MIB codes correctly
- Handle co-signing and referrals from Junior and Intermediate Underwriters within time service standards
- Refer cases to reinsurer over automatic treaty limit
- Bring recommendations for handling and process improvements to the Underwriting Manager
Qualifications for senior underwriter
- Will handle calls, chats and transaction processing simultaneously
- CIC or CPCU designation preferred
- 5 + years of experience in employer stop loss or health (re)insurance, preferred
- Demonstrated expertise in employer stop loss, provider excess, HMO reinsurance or medical excess reinsurance product lines, preferred
- Basic negotiation and persuasion skills when working to present quotes or resolve issues
- Demonstrated ability to build and maintain relationships both external and internal
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Senior Underwriter Job Description
Job Description Example
Our growing company is looking to fill the role of senior underwriter. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior underwriter
- Utilizing authority while underwriting and pricing the following lines of coverage
- Maintaining current broker contacts in addition to establishing new retail and wholesale broker relationships
- Collaborating with home office, loss control, claims, actuary, and legal in quoting and binding new business
- Assisting in the development and executing on the business strategy necessary in driving submission flow and the binding of profitable business
- Other responsibilities will include, generating production reports including quoted premium, bound premium, submission counts by broker, bound to quote ratios, and bound to sub ratios
- Relationship development with a variety of brokers, including visits to Marsh offices (may include travel) and customer visits as required
- Ownership of, and involvement in, team projects and strategic initiatives
- Mentoring and training of underwriters and handling of referrals in accordance with Delegated Underwriting Authority
- Responsible for reviewing, analyzing, and documenting evidence for New Business to determine appropriate risk classifications within review and signature authority
- Has responsibility for risk selection / rejection, pricing, retention, growth and profitability of the programs that they will be managing per divisional objectives
Qualifications for senior underwriter
- Experience in credit decisioning systems Experian, Equifax
- Customer service levels – TCF dashboard metrics
- In addition to proficiency with all Underwriter II requirements, must have full ANFI designation, must complete Introduction to Flood Claims, Increased Cost of Compliance training and issue policies with the exception of Submit for Rate and Special Rates
- You should possess strong analytical and problem solving skills strong sales and marketing abilities
- Sales and business development experience highly preferable
- Demonstrated ability to work independently with strong organizational and multitasking skills