Underwriting Analyst Job Description
Underwriting analyst
provides feedback to the Team Lead (Assistant Manager) on a regular basis on each underwriters underwriting ability.
Underwriting Analyst Duties & Responsibilities
To write an effective underwriting analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included underwriting analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Create and maintainIndividual Insurance applications
Maintain online underwriting manuals
Other general administrative support as required
Ensuring data inputs and account reporting is timely and accurate
Property Financial and Tenant Rent Roll Analyses
Review Real Estate Taxes and Insurance
Review Third Party Reports and Borrower Analysis
Asset Summary Preparation
Responsible for change control procedures for Mortgage Banking Guide and/or desk aid changes
Develop, maintain and review reporting as required by management or procedure in support of the business
Underwriting Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Underwriting Analyst
List any licenses or certifications required by the position: CEBS, C2, C1, FLMI, AIAA, ACS, II, SAS, CPA, CBAP
Education for Underwriting Analyst
Typically a job would require a certain level of education.
Employers hiring for the underwriting analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Education, Finance, Business, Associates, Military, Accounting, Real Estate, Mathematics, Statistics, Economics
Skills for Underwriting Analyst
Desired skills for underwriting analyst include:
Practices
Ability to leverage that information in creating customized customer solutions
Ability to read
Ability to use office support tools available at the desktop
Ability to utilize these to manage the underwriting process
Ability to utilize tools
Capture and document relevant business information in an auditable
Full spectrum of underwriting activities
Interpret and draw accurate conclusions from financial and numerical material
Organized
Desired experience for underwriting analyst includes:
Knows how to develop winning teams and fosters team spirit
Must demonstrate an excellent knowledge of Excel and VBA and an appropriate knowledge of SAS
Knowledge of analytical tools (Emblem) is an asset
Quality control to ensure consistent conformity with required CapComm memo standards (incl
Efficiency in Excel, including ability to summarize data via formulas, lookups, Pivot Tables, conditional formatting
Knowledge of programming in SQL/VBA highly desirable
Underwriting Analyst Examples
1
Underwriting Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of underwriting analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for underwriting analyst
- Working collaboratively with internal stakeholders (Sales, Docs, Legal, AMS) during the credit
- Coaches and develops junior team members Ensures compliance in credit policies and procedures
- Provide system updates, build rate matrices, complete underwriting documents and data set up for new group implementation
- Perform quality review of new and inforce group premium
- Owns and maintains department renewal tracking
- Carrying out expert analysis to understand underwriting performance
- Identifying current underwriting risks and opportunities, and working with stakeholders to deliver appropriate actions
- Analysing underwriting footprint to highlight potential areas of growth
- Presenting results of analysis to key trading forums in order to gain support for your proposals
- Playing a role in supporting and developing other analysts within your team
Qualifications for underwriting analyst
- At least 1 year of experience in financial statement analysis, financial modeling or valuation
- At least 1 year of experience preparing financial information, interpreting financial performance or assessing risk exposure
- Cash Flow underwriting/portfolio management experience
- Familiarization with healthcare industry
- Demonstrated computer knowledge and proficiency with Microsoft Office applications, in particularly Word and Excel, needed
- Since this role is national in scope, occasional travel is expected - less than 1-2 days equivalent per month
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Underwriting Analyst Job Description
Job Description Example
Our growing company is looking to fill the role of underwriting analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for underwriting analyst
- Carrying out analysis to understand underwriting performance
- Preparing results of analysis for key trading forums in order to gain support for your proposals
- Accurately performing risk assessment by reviewing medical records, medical questionnaires, claims information and/or prescription medication history
- Making sound underwriting decisions based on established criteria and/or medical judgment
- Effectively communicating with customers, agents and interdepartmental members regarding the underwriting process
- Maintaining quality documentation for all transactions related to the underwriting/risk assessment process
- Supporting other business processes including marketing, Policyholder Services, Medical Review, Claims, Compliance, stop/loss and new business
- Providing coaching and training to supporting areas
- Managing multiple assigned projects
- Work closely with Underwriting, Closing, Legal and Asset Mgmt
Qualifications for underwriting analyst
- Information analyst duties, conduct analysis and make recommendations to business unit based on findings of analysis
- Data analyst duties, , help define business rules applicable to the development of the application
- Familiarity with relevant service delivery/insurance/finance business units
- Business Systems Analyst Level 1 & 2 skills
- Process flow and desk procedure development and documentation
- Development of business specification documentation
3
Underwriting Analyst Job Description
Job Description Example
Our company is hiring for an underwriting analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for underwriting analyst
- Analyze loss information and financial statements to facilitate quote development
- Assist senior underwriting staff with servicing and maintaining the complex book of business already in place
- Perform market-facing responsibilities while maintaining their book of business within the office
- Develop critical business relationships with brokers and clients
- Participate in various underwriting and marketing initiatives to improve company results and drive portfolio strategies
- Work with management, the Insured, its broker and outside counsel on contract terms and conditions, with the broker on premium
- Work with multinational partners to coordinate and place multinational programs
- Train and assist underwriters & agents on system, guidelines, and workflow
- Act as a key contact for specific agents for product knowledge, training, and development while managing and analyzing to ensure profitable growth for premium & loss ratio
- Perform detailed analysis to better understand key business drivers and areas for improvement
Qualifications for underwriting analyst
- Following specifications, develop or enhance applications that combine data from existing sources, tailored to specific user groups and business needs
- Proficiency in the use of current software and exposure to SAS/SQL, Oracle, or Teradata or clinical information systems and Microsoft Office including Visio
- Proven ability to conduct, interpret and communicate quantitative/qualitative analysis
- Ability to support formal training programs for system users
- Minimum five (5) years of analytical experience at KPNW
- Expertise in assigned business unit (service delivery, insurance, finance)
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Underwriting Analyst Job Description
Job Description Example
Our innovative and growing company is looking for an underwriting analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for underwriting analyst
- Develop specific recommendations based on quantitative and qualitative evidence
- To assess the risk and accurately underwrite referred applications in line with FIS and the bank’s approved processes
- Review financial documents to ensure compliance with loan policy
- Process loans from pre-approval to closing
- Determine and clear closing conditions
- Prepare and review closing documents
- Enter, review and validate loan information in the loan origination system
- Communicate with other departments as necessary to process loans
- Underwrite loans for accuracy according to loan policy and credit quality
- Quality review of mortgage and consumer loan origination
Qualifications for underwriting analyst
- Must be detail oriented, skilled in problem solving and knowledgeable of insurance concepts and rating techniques
- Intermediate to advanced level SQL proficiency, advanced MS Excel skills preferred and experience with Visual Basic or other similar programming language
- Minimum of 3 years progressive experience working as a business analyst
- Ability to document accurate business requirements and business process flows
- Ability to perform root cause analysis on data and systems issues
- Basic knowledge of Underwriting technology and support systems
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Underwriting Analyst Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of underwriting analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for underwriting analyst
- Maintain an understanding of loan processing regulatory rules
- Update department procedures
- Perform quality review for the department and provide feedback to team members
- Provide training to team members as necessary
- Review procedures to create efficiencies and ensure compliance
- Communicate with our FI partners via email and phone as necessary
- Provide feedback to other team members
- Assist in reviewing paperwork and/or applications for signatures, dates and other considerations to ensure that coverage may be issued
- May provide guidance and assistance to agents
- Refine and deliver monthly and quarterly reporting packages to President, Heads of Lines, and Office managers
Qualifications for underwriting analyst
- Minimum 4+ years commercial insurance experience with emphasis on analytic functions in underwriting, accounting or statistical disciplines
- Expertise of ISO / NCCI rating methodology
- 1 year business experience and/or recent internship(s)
- Duties and responsibilities directly impact accuracy, productivity, process efficiency, timeliness, and profitability of the business process
- Position handles more complex tasks, processing of non-standard lines of business, and triaging priorities for the business unit supported
- Will be responsible for development in work allocation, knowledge sharing, and issue resolution