Underwriter Resume Examples and Templates

Senior Underwriter

• Evaluating loan applications to determine the borrower's eligibility for home loans.
• Assessing the "4Cs" in underwriting: Capacity, Credit, Capital, and Collateral.
• Capacity: Analyzing the borrower's ability to repay the mortgage, including reviewing income documents such as paystubs, W-2 forms, and tax returns. Calculating debt-to-income ratios.
• Credit: Reviewing the borrower's credit history to assess their creditworthiness, considering factors like credit score, liabilities, and credit report information.
• Capital: Examining the borrower's financial assets, including cash for closing costs and reserves. Reviewing account statements for checking, savings, investments, and gift documentation.
• Collateral: Appraising the value of the home to be purchased. Considering factors such as comparable sales, location, size, condition, and rebuild cost of the home.
• Making informed decisions on loan approvals based on the analysis of these factors to ensure sound lending practices.

Insurance Underwriter (Internship)

• Conducted underwriting assessments for various types of general insurance applications.
• Generated insurance quotes and engaged in negotiations with brokers and clients to determine suitable terms and conditions.
• Managed a diverse range of tasks to address the daily operational requirements of the business.

Insurance Underwriter

• Analyzed and evaluated motor insurance risks for both individual and corporate clients.
• Calculated and generated motor insurance premiums and renewal endorsements for clients with upcoming insurance periods.
• Utilized insurance software to assess risk profiles of potential clients and underwrote general insurance policies like motor, marine cargo, bonds, fire, and allied perils.
• Compiled monthly transaction reports for co-insurers and marine cargo businesses.
• Issued motor insurance stickers and fire insurance certificates on behalf of the company.
• Assisted clients in completing insurance proposal forms and filing claim reports.
• Managed agents' commission schedule reports to monitor individual agent performance.
• Collaborated with internal auditors during financial and operational audits.
• Handled incoming calls and provided customer service support, particularly for clients in the marine cargo business.

Life Underwriter

• Receive and monitor proposals submitted by Zonal Sales Managers (ZSMs).
• Review and validate the accuracy of the proposal details; approve or reject proposals by communicating decisions to ZSMs.
• Input information from proposals and related documents into the core application to ensure accurate data entry.
• Assess and evaluate the risk associated with providing life assurance coverage to clients, determining whether to accept, decline, or defer.
• Generate or verify quotations for Protection policies using the actuarial or reinsurance rate guide.
• Calculate appropriate premiums and coverage amounts for life insurance policies.
• Compile weekly, monthly, and quarterly performance reports, and any additional reports as needed.
• Manage medical underwriting processes, including requesting medical examination tests for proposals exceeding the non-medical limit, coordinating with medical examiners.
• Undertake special projects as assigned by management.

Life Underwriter

• Reviewing insurance proposals to gather relevant information and assess risk factors.
• Analyzing statistical data using specialized computer programs to evaluate risk.
• Generating insurance quotes and engaging in negotiations with brokers and clients to determine suitable terms.
• Calculating appropriate premiums based on risk assessment and coverage requirements.
• Crafting policy terms and conditions, ensuring accurate and comprehensive coverage.
• Collaborating with insurance brokers and clients to address queries and provide information.
• Utilizing negotiation and interpersonal skills to facilitate effective communication and build relationships.

Underwriter III

• Generated and distributed daily production reports for a team of 15 underwriters, enabling timely progress updates for underwriters and delivering a comprehensive monthly report for Team Lead.
• Provided coaching, training, and conducted Quality Control (QC) reviews for new underwriters, ensuring their effective onboarding and adherence to quality standards.
• Participated in special projects aimed at enhancing team efficiency, productivity, and risk mitigation.
• Acquired proficiency in multiple operational areas, facilitating seamless skill transfer to support other business segments as needed.
• Achieved and maintained a 99% quality rating on new mortgage loan underwriting files, effectively minimizing the company's risk exposure to repurchases in the secondary market.

Insurance underwriter

• Conducted thorough analysis and evaluation of the risk profiles of prospective clients, underwriting various general insurance policies including motor, marine cargo, bonds, fire, and allied perils insurance.
• Managed the preparation of monthly transaction reports for co-insurers, ensuring accurate and timely reporting of key financial data.
• Oversaw the process of renewal endorsements, ensuring seamless continuation of insurance coverage for clients.
• Collaborated closely with internal auditors during financial and operational audits to ensure compliance with established standards and practices.

Mortgage Underwriter

• Managed a wide array of responsibilities including underwriting, filing, data entry, and customer service tasks.
• Produced comprehensive reports for clients outlining the rationale behind application decisions, offering guidance on potential solutions or further actions.
• Initiated communication with applicants to gather supplementary information, clarifying requirements and financial documentation as needed.
• Accurately inputted applicant information from forms into loan processing systems, facilitating the evaluation of loan suitability and requested amounts.
• Maintained the confidentiality of sensitive documents and data, ensuring organized file management for future reference.
• Thoroughly examined and evaluated mortgage loan applications, determining their suitability for approval or denial.
• Provided recommendations for loan approval or denial based on meticulous review of customer applications.
• Analyzed clients' background checks and financial records to ascertain the level of risk associated with the loan application.

Credit Underwriter

• Engaged in consistent follow-ups with clients to gather necessary loan documentation.
• Meticulously indexed all loan-related documents in the appropriate sequence with accurate labels.
• Maintained a daily Management Information System (MIS) report for multiple clients.
• Ensured meticulous document organization both before and after loan closings, guaranteeing adherence to investor guidelines.
• Played a vital role in training new team members on the company's underwriting procedures, with a particular focus on financial aspects.
• Assumed responsibility for the comprehensive analysis of financial statements, pinpointing credit strengths and weaknesses, and delivering well-documented assessments of creditworthiness.
• Proficient in financial modeling with a strong grasp of Microsoft Office tools, especially Excel (including macros), Word, and PowerPoint.
• Demonstrated adept analytical and problem-solving capabilities.
• Displayed effective time management skills and a quick learning aptitude.

Underwriter/ Claims Officer

• Diligently review insurance proposals and actively seek opportunities to enhance policy terms.
• Conduct comprehensive assessments and analyses of clients' background information and risk evaluations.
• Foster effective communication and collaboration with brokers and clients.
• Apply professional techniques and strategies to accurately calculate risk levels associated with client policies.
• Thoroughly review insurance claims and policy terms to determine the appropriate payout amount.
• Skillfully design and allocate insurance premiums based on well-informed judgments and competitive pricing comparisons.
• Arrange meetings with specialists to ensure accurate risk assessment, particularly in unique scenarios.
• Develop and finalize insurance policies, adhering to specific wording, terms, and conditions previously agreed upon with the client.
• Participate in claim investigations and address inquiries from policyholders, claimants, and intermediaries.
• Clearly communicate decisions related to insurance claims.
• Prepare comprehensive reports related to claim administration.
• Process claims transactions within stipulated benchmarks and authorized limits.
• Consistently deliver high-quality service to intermediaries and clients, ensuring their satisfaction.