Underwriter Senior Job Description

Underwriter Senior Job Description

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Underwriter senior provides support and subject matter expertise related to the procurement life-cycle (but not limited to) Non-Disclosure Agreements, Teaming Agreements, Proposals, Purchase Order Negotiation, Purchase Orders and Closeout.

Underwriter Senior Duties & Responsibilities

To write an effective underwriter senior job description, begin by listing detailed duties, responsibilities and expectations. We have included underwriter senior job description templates that you can modify and use.

Sample responsibilities for this position include:

Underwrites individual accounts that present significant exposure and tenure to ensure profitability and alignment of rate to risk
Develops, mentors and establishes relationships with less tenured staff through training, auditing, coaching, and feedback
Strategically develops and manages initiatives focused on promoting profitability by accurately matching rate to risk
Ensure risk assumption is in compliance with internal restraints and reinsurance requirements
Underwrites and produces profitable new and renewal energy and energy related business
Develops client tailored casualty insurance programs consisting of guaranteed cost, large deductible, SIRs and excess casualty
Establishes and maintains account pipeline, and supports the sales process, including planning, operating routines and monitoring for energy business lines, including GL, excess casualty, auto and workers’ compensation
Manages cross-sell and up-sell opportunities across team and with other business units
Analyzes individual book on quarter-to-quarter basis and recommends potential actions
Applies all applicable line of business underwriting guidelines when making decisions and adheres to high standards of quality

Underwriter Senior Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Underwriter Senior

List any licenses or certifications required by the position: DE, SAR, FHA, SASE, ALU, VA, LAPP, AFSB, RPLU, CPCU

Education for Underwriter Senior

Typically a job would require a certain level of education.

Employers hiring for the underwriter senior 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 Underwriter Senior

Desired skills for underwriter senior include:

Applicable laws
Regulations and governance
Coverages
Forms
Manuals for the specific line being underwritten
Ratings
But not limited to: appraisals
Income verification
Lease agreements
Purchase contracts

Desired experience for underwriter senior includes:

Working knowledge of provincial regulations that may impact underwriting
Ability to achieve and maintain various provincial licenses, as required
SASE 3 certification required for current HLS employees
Must have experience manually underwriting non-conforming new purchase mortgage loans
VA Authority
4+ years of mortgage underwrting experience, including review of credit reports for accuracy and red flags, appraisal review, calculation of DTI, income, assets and LTV/CLTV and other complex financial documents

Underwriter Senior Examples

1

Underwriter Senior Job Description

Job Description Example
Our innovative and growing company is looking for an underwriter senior. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for underwriter senior
  • Participate in ongoing strategic planning and analysis of market trends and new product features
  • Work with team to hire associates to build out the Group Health team, including the underwriting staff
  • Participate in development of system requirements to support Group Health business
  • Implement strategies to achieve medical reinsurance revenue, earnings and operational goals
  • Participate with underwriting team to develop renewal strategies to meet SGLA profit goals
  • Gather, analyze and evaluate risk exposure through appropriate risk documentation
  • Efficiently underwrite new surety submissions
  • Produce, underwrite, manage and service a profitable book of new and renewal business per XL Catlin underwriting guidelines
  • Underwriter cross-markets with other XL Catlin lines
  • Conducting risk review and analysis and determining terms and conditions appropriate pricing in accordance with granted authority and XL Catlin guidelines
Qualifications for underwriter senior
  • Proficiency in computer and analytic skills
  • Demonstrated customer service skills with the ability to articulate and respond to highly complex issues
  • Five (5) years of quantitative analysis experience preferred
  • Track record of delivery and ability to prioritise own work
  • Computer skills using various software applications (including word, excel, e-mail, ), and experience learning company legacy systems
  • Understanding and interpretation of business financial accounts
2

Underwriter Senior Job Description

Job Description Example
Our company is growing rapidly and is hiring for an underwriter senior. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for underwriter senior
  • Assist in the development of Canadian specific strategies related to the Programs book of business
  • Mentoring and coaching of more junior staff
  • Other assigned tasks and projects
  • Evaluating new and renewal submissions received to identify any missing information needed for underwriting purposes
  • Identifying requested coverage and account and location specific risk attributes such as construction, occupancy, protection and other factors that affect risk
  • Establishing appropriate structure for catastrophe coverage
  • Manage new business and renewal accounts from assigned regions to balance profitability and growth
  • Write and retain a profitable book of business through solid risk analysis, pricing and servicing
  • Collaborates closely with territory team
  • Coach and collaborate with the team to develop, manage and maintain outside client relationships which will include traveling in the territory to meet with agents, producers and nonprofit associations or organizations
Qualifications for underwriter senior
  • Computer efficiency (Word, Excel, Powerpoint, ) essential
  • CPCU, ARM or other relevant professional insurance designations/certifications preferred
  • Minimum 5-7+ years’ casualty underwriting experience
  • Current relationships with key energy producers and strong market knowledge
  • Strong analytical and financial analysis skills, including knowledge of collateral requirements
  • Position level will be that of a Senior Underwriter or Executive Underwriter
3

Underwriter Senior Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of underwriter senior. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for underwriter senior
  • Conduct continuous profit and growth analysis by territory and agency as assigned
  • Other Post-closing Responsibilities
  • Deposit Account Tracking
  • Conducting risk review and analysis and determines terms and conditions appropriate pricing in accordance with granted authority and XL Catlin guidelines
  • Underwriters play an important part in providing clients with a service that supports the positive image of the company
  • Cross selling with other XL Catlin lines
  • Conduct trainings, organize sales and marketing events and handle ad hoc projects
  • Follow underwriting guidelines to analyze information in new and renewal insurance applications
  • Determine the risk of insuring a client and determine appropriate premiums and amounts of coverage
  • Develop business for both multinational/complex accounts local SME businesses
Qualifications for underwriter senior
  • Strong communication, presentation, and team building skills
  • Position demands extensive, high-level analysis in the underwriting of individual accounts
  • Ability to interpret financial reports and make assessments of financial strength and ability to pay premiums
  • Must be able to create business opportunities with brokers and clients by understanding their problems and needs, and offering viable solutions that are consistent with company objectives
  • Must be able to clearly articulate action plans and solutions to management, agents, and clients
  • Must be capable of establishing workflows and service plans
4

Underwriter Senior Job Description

Job Description Example
Our innovative and growing company is hiring for an underwriter senior. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for underwriter senior
  • Proactively foster positive relationship with clients to get mutual understanding of their needs
  • Building and executing on a personal strategy for P&L management of their book of business
  • Uses independent judgment and initiative to support business growth
  • Broker and Client facing visibility in the assigned territory at a high level to convey underwriting appetite and general capabilities
  • Underwriter cross-markets with other XL business units
  • Develop and maintain relationships with agency partners by travelling to their offices, participating in Web-Ex meetings, phone and email contact on a daily basis
  • Orders and screens miscellaneous reports needed in the rating and underwriting processes
  • Perform intake duties for all servicing needs coming from our external partners (include logging the item, determining key information and triaging for the next step)
  • Utilize underwriting systems to resolve service items
  • Follow up and communicate on service items
Qualifications for underwriter senior
  • Solid underwriting of environmental regulations
  • In-depth knowledge of Underwriting and regulatory guidelines
  • Three to five years underwriting experience in professional liability with expertise in D&O , EPL Fiduciary and crime
  • Underwriting experience in environmental insurance including complex and multinational accounts
  • Degree or higher (or equivalent) qualification in an Engineering or Environmental based discipline (preferable)
  • Understanding and experience of the UK Broking Market highly preferable
5

Underwriter Senior Job Description

Job Description Example
Our company is hiring for an underwriter senior. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for underwriter senior
  • Handles referrals and audits from Program/Underwriting Facility to ensure adherence to guidelines
  • Prices business to ensure profitability
  • Ensures that appropriate reports are used to manage Program/Underwriting Facility
  • Develops and maintains effective business relationships with internal and external customers / coworkers including Reinsurers, Actuary, Marketing, IT and Claims
  • Coordinates claims and underwriting for Program/Underwriting Facility
  • Plans and implements goals, strategies, and operating & process methodologies for Program/Underwriting Facility
  • Visits MGA and brokers in order to retain existing accounts, build and maintain business relationships and develop new opportunities in support of divisional objectives
  • May Provides guidance and assistance to other team members
  • In this position a self-motivated individual will use independent judgment and initiative to support business growth
  • Supporting the successful execution of the Southeast region’s strategic plan
Qualifications for underwriter senior
  • Solid technical and product knowledge including interpretation of risk management reports
  • Strong analytical and problem solving skills strong sales and marketing abilities
  • Minimum 3 to 5 years of underwriting experience
  • Aviation experience highly preferred
  • Bachelors’ Degree or equivalent (4 year degree in Aviation a plus)
  • Ability and flexibility to work in a dynamic, challenging and fast paced environment

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