A Commercial Insurance Underwriter processes the loan requests from clients, structures payment agreements, and verifies all paperwork to complete financial loans. The duties vary based on the number of clients, the amount of money, and on the financial history, however, certain core tasks are common and listed on the Commercial Insurance Underwriter Resume as – performing credit analysis, spotting potential risks with requested loans, managing and responding to requests for credit, structuring credit agreements, summarizing loan applications and credit analysis, and training new employees.
Employers seek applicants with the following specific skills – superior customer service skills, the ability to process complex loan applications, strong mathematical skills, analytical and critical thinking skills, and attention to detail. Eligible resumes often denote a degree in finance or accounting. Candidates with an advanced degree are highly desirable. In addition to education, those having work experience in collections or credit are preferred.
Objective : Dedicated and detail- oriented Mortgage professional with exceptional background developing and lending processing departments to fuel rapid, cost- efficient company growth while building strong investor and borrowers relationships. Proven commitment to constant learning and process improvement that included establishment of an in house underwriting department.
Responsible for profitable growth of small commercial, middle market and/or complex Property/Casualty and Workers Compensation business through proper selection, classification and pricing of risks within assigned territory/industry.
Evaluated New Business and re-evaluates existing policies of commercial insurance to enhance the quality and maintain proper rate class administration to fund losses and contribute to profitability and communicates technical support to all internal and external customers.
Established collaborative relationships with Agencies to understand the external marketplace and underwrites within established performance standards and priorities that are responsive to marketing, underwriting, retention and service goals.
Accepted, modified or rejected risks based on a review of business in terms of loss experience, inspection reports, file information, web resources, policyholder tenure, related policies, and nature of risk in accordance with company guidelines, standards and compliance with state laws.
Provided documentation for any exceptions to established guidelines and critical account information relating to the final underwriting decision.
Verified coverage eligibility.
Interpreted policy contract language/forms and uses approved classification systems, rating plans and selection standards to determine eligibility, desirability and proper classification/pricing.
Experience
2-5 Years
Level
Executive
Education
Diploma
Commercial Insurance Underwriter Resume
Summary : Responsible for Accepting, modifying, or declining transactions within delegated authority, Reviewing and preparing submissions for Underwriters, and also Communicating with brokers on the status of transactions and other issues or concerns.
Skills : Microsoft Office Suite, Planning Skills.
Description :
Managed and maintained Southwest Region book of business and write large fleet accounts.
Evaluated and analyzed prospective accounts through internet research, market conditions, loss analysis, driver make-up, and regulatory and financial reports.
Determined to price.
Wrote up account summaries.
Referred items to carrier for approval when needed.
Completed/Issued quotes and bind coverage.
Issued state regulator filings.
Experience
7-10 Years
Level
Management
Education
MS
Commercial Insurance Underwriter Resume
Summary : Responsible for Establishing and maintaining relationships with producers and customers, and also Executing underwriting activities and requirements as established by the program.
Skills : Marketing, Microsoft Office, Microsoft Excel, Rackley Rating.
Description :
Performed underwriting duties for commercial accounts for acceptability according to the company's published guidelines for the following lines of business, Commercial Property, Commercial General Liability, Business Owners Policies (BOP, )Inland Marine, Crime, Workers Comp, Business Auto.
Reviewed application, accept or decline, rate the risk according to the type of business and issue quotes.
Prepared policies for typing/issuance.
Rated on computer as well as manual rating.
Familiared with the Rackley Rating System and different company's on line rating systems.
Handled a book of business that ranged from account size $500 - with a favorable loss ratio.
Made agency visits every quarter to meet with the independent agents to thank them for their business and seeks new avenues for writing more new profitable business with their agency.
Experience
10+ Years
Level
Senior
Education
GED
Commercial Insurance Underwriter Resume
Objective : Commercial Insurance Underwriter with 5 years of experience in Participating in job-shadow arrangements in various departments, and also Participating in agency visitations with underwriters, claim representatives, or loss control representatives to begin developing customer contacts.
Skills : Fluent in Spanish, Communication Skills.
Description :
Assessed commercial risks.
Decided limits of liability, building coverage, and other acceptable coverage's.
Worked with insurance agents to produce quotes.
Provided customer service to clients and agents.
Assisted agents to choose the correct programs.
Input information into the company-underwriting database.
Assessed risks manually.
Experience
2-5 Years
Level
Executive
Education
Bachelor's
Commercial Insurance Underwriter Resume
Objective : As a Commercial Insurance Underwriter, responsible for Possessing primary underwriting responsibility for the book of business to include accounts above the premium threshold as established by the PCL, and also Maintaining daily workflow by analyzing handling, or forwarding to the Assistant Underwriters for processing.
Processed commercial insurance products such as commercial property, general liability, professional liability, kidnap & ransom to name a few on a daily basis.
Managed & Maintained existing files on a daily basis to assure that all files are kept current.
Communicated on a daily basis with Insurance Underwriters in regards to changes in markets to assure that I could offer the best coverage and service to insurance retail brokers.
Met with insurance companies on productions goals, retention and loss ratios.
Ability to build relationships with insurance company underwriters, comprehend their programs and grow business with them.
Provided insurance brokers the knowledge which I gained throughout my years of experience to help them succeed in their business growth.
Communicated with agents, carriers, and state officials.
Experience
2-5 Years
Level
Executive
Education
Bachelors
Commercial Insurance Underwriter Resume
Headline : Commercial Insurance Underwriter with 6 years of experience in Communicating with agents and internal staff to collect the necessary information to perform risk assessment, Building and maintaining positive working relationships with agents and internal staff; assisting and responding to inquiries by telephone, correspondence, agency visits, and visits to insured operation.
Skills : Planning Skills, Multitasking.
Description :
Reviewed submitted commercial applications for loss history, location, adherence to state/county ordinances, status of business owners' motor vehicle drivers reports, and reviewing construction of buildings for acceptability according to my company and multi state/governmental requirements; including but not limited to on site or premises inspection by the underwriter for property insurability, construction type/condition, and premises liability hazards; if any.
Reviewed commercial business applications for potential liability hazards and/or property loss potential.
Reviewed existing commercial policies for continual acceptability for renewability based on annual loses with company.
Managed and oversaw crossover auto transport/trucking accounts with sister company.
Effectively communicated decisions and resolves agent/customer concerns promptly.
Provided technical assistance to internal and external customers regarding coverage interpretations, policy and endorsement provisions, and underwriting acceptability for commercial property/casualty and workers compensation coverages.
Knowledged in multiple lines of business including general liability, property, inland marine, commercial and umbrella.
Experience
5-7 Years
Level
Executive
Education
MA In Human Services
Commercial Insurance Underwriter Resume
Headline : Looking for a suitable opportunity to work as an Insurance underwriter with a reputed insurance company, with challenging responsibilities, where I can implement my skills and knowledge, and contribute towards organizational growth and development. I have more than 10 years of experience working in the insurance sector, specializing in underwriting.
Skills : Insurance Skills, Multitasking.
Description :
Responsible for entering new insurance policies into the computer and also any changes made to existing policies.
Placed orders for all office supplies needed within the company.
Responsible for entering all claim checks into the system, printing and mailing them to the correct insured.
Entered all the insurance payments received into the correct system.
Madeg bank deposits Opening and sorting all incoming mail daily.
Provided effective quality customer service and satisfaction.
Ensured all paperwork was scanned into archive.
Experience
5-7 Years
Level
Executive
Education
Associate Of Applied Science
Commercial Insurance Underwriter Resume
Headline : Maintaining a profitable business in the territory through proper selection, pricing, and monitoring of business, and also providing leadership to junior staff by assigning tasks, training, and providing guidance. May providing input to management regarding junior staff performance.
Skills : Planning Skills, Coordinating Skills.
Description :
Responsible for underwriting retail hardware insurance program.
Prepared monthly agency metrics reports and assist sales team with servicing accounts and sales goals with a variety of underwriting and workflow responsibilities.
Reviewed new business application for all lines of commercial insurance to determine underwriting eligibility based on our program guidelines.
Evaluated and priced renewal business competitively to achieve agency retention goals & premium rate growth goals.
Maintained a working relationship with vendors & brokers.
Continuously contacted with vendors and brokers to monitor programs, discuss program eligibility and workflow.
Responsible for quoting, binding, issuing and renewing insurance policies for agents while providing prompt customer service relating to small market commercial insurance underwriting.
Experience
5-7 Years
Level
Executive
Education
MS
Commercial Insurance Underwriter Resume
Headline : Meeting with agents and brokers from assigned customer base/territory to solicit business/submissions via marketing efforts and educate agency representative(s) on Liberty Mutual Surety policies, procedures, appetite, and requirements, and also Acting in a consultative capacity and discuss/review agency accounts and performance.
Skills : Supervising Skills, Multitasking.
Description :
Obtained additional information on these accounts if necessary.
Provided customer service to retail agents.
Performed quality control on policy issuance's Endorsement processing and request.
Worked with over 10 direct markets obtaining needed insurance.
Worked with Nationwide agents to place their commercial lines.
Built relationships with carrier underwriters to assist in placing new business.
Used EPIC as our agency management system.
Experience
5-7 Years
Level
Executive
Education
Bachelors
Commercial Insurance Underwriter Resume
Summary : Hard-working, multi-tasking individual with outstanding telephone, scheduling, and documentation skills. Administrative professional offering excellent communication and computer skills.
Skills : Ordering Skills, Drafting Skills.
Description :
Calculated quotes and educated potential clients on insurance options.
Evaluated the accuracy and quality of data entered into the agency management system.
Reported policy changes and company conditions affecting customer satisfaction.
Ordered and distributed office supplies while adhering to a fixed office budget.
Managed office supplies, vendors, organization and upkeep.
Answered and managed incoming and outgoing calls while recording accurate messages.
Dealt with customer Service calls and Verified in detail all commercial policies that were sold the day prior.
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