Junior Underwriter Job Description
Junior underwriter
provides in-depth annual review analysis and credit write-ups that are well supported, confirming existing risk ratings based on established policies, procedures and guidelines.
Junior Underwriter Duties & Responsibilities
To write an effective junior underwriter job description, begin by listing detailed duties, responsibilities and expectations. We have included junior underwriter job description templates that you can modify and use.
Sample responsibilities for this position include:
Review loan submissions for completeness and compliance with New Penn's program parameters, including but not limited to the 1003, credit report, income and asset documentation, purchase agreement, title report
Keeps abreast of all new credit regulations and laws and ensures compliance with such
Assist in Formulation of plans, programs, policies and procedures
Document lending decisions and completes required screens in the LOS that include the accurate completion of the 1008 adding and/or creating applicable conditions of the loan approval
Discuss relevant underwriting issues with borrower, mortgage consultant and real estate professional
Prepare underwriting checklist
Verify customer's application and calculates loan payment
Development Modeling
Assess all pertinent risk factors and arrive at sound underwriting decisions, within underwriting authority
Explain underwriting decisions in a clear and customer-focused manner
Junior Underwriter Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Junior Underwriter
List any licenses or certifications required by the position: ALU, FHA, VA
Education for Junior Underwriter
Typically a job would require a certain level of education.
Employers hiring for the junior underwriter job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Finance, Education, Accounting, Economics, Business/Administration, Law, Engineering, Mathematics, Leadership
Skills for Junior Underwriter
Desired skills for junior underwriter include:
Systems and procedures
FNMA/FHLM
Car
Compliance
Credit Search
Data Check & Pricing
General Enquiries
Investor and agency guidelines and requirements
Procedures
Production of Agreements
Desired experience for junior underwriter includes:
Must demonstrate proficiency with Cancellation Processing
You thrive in a team environment
A minimum of three (3) years current mortgage experience with background in loan processing is required
Demonstrates analytical thinking - analyzes information, identifies key issues and draws logical conclusions
Strategic thinker - identifies opportunities to achieve goals while anticipating impacts and consequences to the business
Must be able to work independently in a fast-paced, goal-oriented environment
Junior Underwriter Examples
1
Junior Underwriter Job Description
Job Description Example
Our company is growing rapidly and is hiring for a junior underwriter. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for junior underwriter
- Confirm the accuracy and completeness of information to successfully create a competitive quote
- You will work closely under Underwriting Brokers to make sure client needs are met, while simultaneously maintaining profit and reducing risk
- Maintain, develop and grow the existing customer base
- Direct accountability for the underwriting results with respect to profitability and loss ratio for assigned Individual Travel business
- Adhere to and ensure all applicable underwriting guidelines and principals are practiced and followed
- Understand and monitor profitability as measured by GAAP, Loss Ratios and Combined ratios
- Work closely with client and internal project management team to understand client’s product requirements and provide innovative solutions to meet those requirements ensuring profitability and sustainability
- Proactively monitor and manage loss (and expense) ratio performance for the various assigned business, large cases, programs and distribution segments and recommend corrective action to RUM as needed
- Responsible for the execution of agreed underwriting corrective action plans
- Continuously execute corrective action plans and re-evaluate performance of said action plans to conduct ongoing portfolio management as needed to maintain targeted loss (and commission) ratio performance
Qualifications for junior underwriter
- Bachelor's degree or previous military experience preferred
- Maturing knowledge of Real Estate originations and processing, data analysis tools, and industry data sources
- Insurance industry designation (ie
- Our Ideal Candidate will Minimum of 2 years of education and work experience in residential mortgage lending
- Work related experience should consist of loan processing, loan closing, loan underwriting and/or loan shipping
- Intermediate level of knowledge of title work and appraisals
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Junior Underwriter Job Description
Job Description Example
Our company is searching for experienced candidates for the position of junior underwriter. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for junior underwriter
- Analyzes financial statements and related material and makes recommendations for approvals of credits
- Ensures that all credit files include current financial statements, agency reports, etc
- May make recommendations for loan structure
- May assists with projects as needed
- Assessment of medical and financial documents (blood tests, cardiovascular reports… and accounting documents) to establish a final decision
- Support for translation of our underwriting-related tools
- Processes and invoices policies
- Support underwriters in managing underwriting decisions and in writing existing and new business
- Analyse, assess and cost the technical insurability of risks
- Learn to provide clients with customised solutions and negotiate terms and conditions mainly via phone, email and potentially face-to-face meetings
Qualifications for junior underwriter
- Outstanding university degree in law or economics
- Bachelor, Master or similar degree
- Enjoys to work on M&A projects and other similar projects
- Excellent communication skills in one of the Nordic languages, business fluent English
- Analytic skills and the ability to cope with stress and time pressure
- Interest in the business world and to extend your horizon
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Junior Underwriter Job Description
Job Description Example
Our innovative and growing company is hiring for a junior underwriter. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for junior underwriter
- Prepare applicable account data for review
- Assess policy wordings with benchmarks
- Interact with client managers, market underwriters and treaty underwriters across different Lines of business
- Spend 12 months in the team located in Bratislava and 6 months in Zurich or Munich based teams
- Develop and Maintain a profitable book of business
- Underwriting New and Renewal accounts of moderate complexity
- Support Production, Quality and Service Level Agreement Goals
- Communicate analysis of risk and eligibility guidelines
- Identifies unprofitable and problem risks and producers
- Reviews, examines and analyzes documents including, but not limited to, plans and specs, URAR, Builder Certifications
Qualifications for junior underwriter
- Intermediate PC skills, including electronic mail, routine database activity, word processing, spreadsheet, graphics
- Bachelor's degree in a business concentration such as finance, economics, accounting, mathematics, statistics, business administration, actuarial science, or other business related fields ORrelevant mortgage experience
- Client Service Experience (Phone Preferred)
- Microsoft office/data entry/PC skills, typing speed at least 40 words/minute
- Strong communication and persuasive skills, clear and concise communication evidencing logical thinking
- Must be familiar with general Mortgage Industry guides and practices
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Junior Underwriter Job Description
Job Description Example
Our company is growing rapidly and is hiring for a junior underwriter. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for junior underwriter
- Communicates with branch employees and all contract appraisers regarding questions, concerns, and corrective actions for appraisals
- Reviews current agency appraisal guides and updated M/I Financial underwriting manual
- Perform risk analysis on new and renewal business opportunities
- Calculate the appropriate premium based on the risk assessment
- Support sales to provide customized solutions for the customers
- Analyze customer performance and suggest appropriate action steps to maintain profitability
- Assist in client underwriting audits
- Assist in client meetings, training and seminar
- Review product design, provision and underwriting guidelines
- Contribute to ideation of new product solutions
Qualifications for junior underwriter
- Must have processing/closing experience
- Must understand and comprehends the Mortgage Loan process
- Must have solid time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously
- Must have two to four years related experience or equivalent
- Must have a high level of proficiency with mortgage loan processing and underwriting systems
- Must have commitment to excellence and high standards
5
Junior Underwriter Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of junior underwriter. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for junior underwriter
- Provide efficient and courteous services to clients and ensure timely and quality service standards
- Play a crucial role in managing the administrative requirements of the department
- First point of contact for brokers including managing a busy group mailbox
- Responsible for maintaining accurate records on our pipeline
- Achieve individual and team targets assigned through the Companies annual planning, budgets and performance review process to support efficiencies and set KPIs
- Handle complaints as per procedure
- General administration duties together with strong communication skills
- Work through DSU development programme as per timescales agreed with your Senior/Manager and reviewed through the performance management process
- Carry out all required administrative duties necessary within the department ensuring deadlines are met and work is carried out effectively and efficiently
- Undertake any reasonable tasks, which may be required to ensure the smooth running of the department
Qualifications for junior underwriter
- Must complete ANFI Ethics exam and The Basic Agent Tutorial within 30 days of hire or promotion to Underwriter I
- Experience using Word, Excel, and PowerPoint is preferred
- High level of skills in computer terminal and personal computer operation
- Must be able to manage priorities and workflow
- Must be versatile, flexible and willing to work within constantly changing priorities with enthusiasm
- Must have an acute attention to detail