Job Brief
As an Underwriting Service Representative, you will be responsible for reviewing individual insurance applications to evaluate the degree of risk involved and determine the acceptance of applications. This role requires strong analytical skills, attention to detail, and a comprehensive understanding of underwriting principles. Ideal candidates will possess experience in risk assessment and have a solid background in the insurance industry.
Responsibilities
- Review and analyze insurance applications to assess risk levels and eligibility.
- Determine acceptance or rejection of applications based on established underwriting guidelines.
- Communicate with agents and clients to gather additional information and clarify application details.
- Utilize underwriting software and tools to facilitate risk evaluation and decision-making.
- Maintain accurate records of underwriting decisions and rationale, ensuring compliance with regulatory standards.
- Collaborate with underwriting teams to refine processes and improve efficiency.
- Stay updated on industry trends, regulations, and best practices in underwriting.
- Provide exceptional customer service by addressing inquiries and resolving issues promptly.
Requirements
- Bachelor’s degree in finance, business, or a related field.
- Proven experience in underwriting, risk assessment, or a related role in the insurance sector.
- Strong analytical skills with the ability to evaluate complex information effectively.
- Excellent written and verbal communication skills for effective client interaction.
- Proficiency in underwriting software and Microsoft Office Suite.
- Knowledge of insurance products and regulatory requirements.
- Attention to detail and accuracy in decision-making processes.
- Certification in underwriting (e.g., Chartered Property Casualty Underwriter – CPCU) is a plus.
Similar Job Titles
- Underwriting Specialist
- Insurance Underwriter
- Risk Assessment Analyst
- Underwriting Analyst
- Insurance Risk Manager
- Underwriting Coordinator
- Insurance Claims Adjuster
- Commercial Underwriter
