This underwriter job description template has 2 pages and is a MS Word file type listed under our human resources documents.
Sample of our underwriter job description template:
JOB DESCRIPTION UNDERWRITER Brief Description The position of Underwriter at [COMPANY NAME] involves evaluating and assessing insurance or loan applications to determine their risk and eligibility for approval. As an Underwriter, you will analyze financial data, review policy or loan terms, and make informed decisions to ensure sound risk management and compliance with underwriting guidelines. You will collaborate with brokers, agents, and clients to provide excellent customer service and maintain a high level of accuracy in underwriting decisions. Tasks Evaluate insurance or loan applications and assess the risk level based on financial data, credit history, and other relevant information. Analyze and review policy terms, loan terms, or contract terms to ensure compliance with underwriting guidelines and regulations. Collaborate with brokers, agents, or clients to gather additional information, clarify details, and provide underwriting recommendations. Determine the appropriate insurance coverage or loan terms, considering risk factors, industry trends, and client profiles. Calculate insurance premiums or loan amounts based on the risk assessment and established pricing models. Make underwriting decisions within established authority limits and escalate complex cases to senior underwriters or management. Maintain accurate and up-to-date underwriting records, documentation, and reports. Stay updated with industry regulations, market trends, and best practices in underwriting, and proactively recommend process improvements. Provide excellent customer service by addressing inquiries, resolving issues, and communicating underwriting decisions to stakeholders. Collaborate with the claims or loan servicing teams to review policy or loan modifications and handle underwriting-related inquiries. Qualifications and Requirements Bachelor's degree in finance, business, economics, or a related field. Relevant certifications are a plus
