Underwriter Trainee Resume
Objective : As an Underwriter Trainee, responsible for calculating the value of policies against financial history, responsible for contributing in accomplishing audits, responsible for reducing risk factors on grating on insurance, responsible for assisting senior underwriters in examining and compiling applicants' information.
Skills : Analytical skills, Attention to detail
Description :
- Developed the competency to analyze individual accounts, portfolio experience, and begins to apply product knowledge and acquired skills to perform underwriting tasks.
- Reviewed change requests, evaluate audits, inspections and renewal records to verify continued acceptability, rate adequacy, and possible coverage modification within level of authority.
- Reviewed Policyholder files and records to verify original and continued acceptability and ensure adequate rates.
- Reviewed risk and claim reports and determines appropriate actions, including modifying risks or terminating coverage in accordance with level of authority.
- Corresponded, developed, and maintained working relationships with Agents, ERIE sales force and other departments through meetings, phone contact and email.
- Travelled to field offices and attends meetings as required to learn to establish rapport with agents and develop knowledge of ERIE's territories.
- Analyzed, evaluated and verified insurance applications and other required documents.
Experience
2-5 Years
Level
Executive
Education
B.S. Finance
Underwriter Trainee Resume
Objective : As an Underwriter Trainee, prepared Life Insurance applications forms as per company policies and guidelines, received and filing Life Insurance Application forms in an accurate manner. Responsible for working with insurance agents, and marketing team in promoting policies.
Skills : Analytical Thinking, Risk Assessment, Attention to detail
Description :
- Divided the files into different categories like preferred and super preferred categories.
- Assisted staff in risk analysis programs to update knowledge in the domain.
- Updated risk area to the senior staff for resolution.
- Established, supported, and maintained effective relationships with management, team, and our brokers.
- Exercised discretion and independent judgement.
- Learned the business and obtain full underwriting authority.
- Demonstrated a can do attitude.
Experience
2-5 Years
Level
Executive
Education
B.B.A.
Underwriter Trainee Resume
Objective : As an Underwriter Trainee, participated in formal and on-the-job training to obtain the basic knowledge and skills to provide underwriting services within assigned authority, trained will provide information concerning selection, coverage, pricing, payment plans, corporate policies and procedures, and underwriting systems.
Skills : Computer literacy, Report writing, Risk assessment, Analytical skills, Problem-solving
Description :
- Developed skills to evaluate an increasingly complex book of business with increasing autonomy and delegated authority.
- Analyzed prospective and current customers qualitative and quantitative information to determine the degree of exposure and risk, develop a proposal, and recommend a coverage and pricing decision within delegated authority level.
- Developed and maintained relationships with agents and customer service teams (CST) to review, identify, and target customers for acquisition, retention, and service.
- Acted as a technical resource to ensure accurate understanding and representation of SAIFs marketing and underwriting programs and products, plan and accomplish joint tasks, and influence business partner decisions and actions.
- Visited customers to evaluate risk, gather information, answer questions, and participate in sales efforts.
- Identified situations where services may be needed or required as a condition of coverage.
- Participated in establishing service plans and requirements, monitor progress and outcomes, and adjust coverage and price accordingly.
Experience
0-2 Years
Level
Fresher
Education
M.S. Risk Management
Underwriter Trainee Resume
Objective : As an Underwriter Trainee, became immersed in our company by learning our business model and value proposition, gained exposure to other areas of the business outside of discipline through interactive presentations from industry experts.
Skills : Analytical skills, Data interpretation, Technical proficiency, Underwriting principles, Sales skills
Description :
- Responsible for analyzing and determining submissions to assess risk.
- Responsible for rejecting submissions if needed and providing quotations for policy.
- Responsible for checking assigned accounts and developing routine reports.
- Responsible for obtaining and analyzing underwriting data and presentation.
- Responsible for determining the risks under the sponsorship of department plans and business objectives.
- Assisted in evaluating insurance applications by analyzing risk factors and determining appropriate coverage levels based on established guidelines and underwriting principles.
- Participated in training sessions focused on underwriting software and tools, enhancing skills in risk assessment and decision-making processes.
Experience
0-2 Years
Level
Entry Level
Education
B.A. Economics
Underwriter Trainee Resume
Objective : As an Underwriter Trainee, worked knowledge of spreadsheet, word processing and email software required, performed, coordinated and led the day-to-day activities of employees performing policy administration tasks.
Skills : Research skills, Adaptability, Project management, Ethical judgment
Description :
- Maintained files of coverage, terms and conditions, insurance certificates and personal documents of clients.
- Updated underwriting guidelines, work process and procedures.
- Identified clients' operating strategies and updating policy terms and conditions to clients.
- Conducted research on loss prevention and control concepts as well as perform risk analysis.
- Handled account servicing activities to provide effective support to the account staff.
- Managed account management system and support staff in program analysis and design.
- Made arrangement of conducting internal and external meetings under the direction of staff.
Experience
0-2 Years
Level
Entry Level
Education
A.A. Business Management
Underwriter Trainee Resume
Objective : As an Underwriter Trainee, learned to analyze coverage and limit requests and to decide what terms to offer, learned to price business in accordance with company guidelines.
Skills : Risk assessment, Financial analysis, Customer service, Mathematical proficiency
Description :
- Learned to order and screen miscellaneous reports needed in the rating and underwriting processes, such as Motor Vehicle reports, loss history reports, credit checks, outside inspections, and loss control.
- Learned to develop and maintain effective business relationships with internal and external customers in order to attract and retain profitable business.
- Learned to apply underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.
- Participated in instructor-led, self-paced, and on-the-job training, gaining a true understanding of what National Interstate does and how your role fits in the big picture.
- Conducted thorough research on industry trends and market conditions to support informed underwriting decisions and maintain competitive advantage.
- Engaged in regular communication with agents and brokers to clarify application details and resolve any discrepancies in submitted information.
- Reviewed and analyzed financial statements and credit reports to assess the financial stability of applicants and their ability to meet policy obligations.
Experience
0-2 Years
Level
Fresher
Education
B.S. Actuarial Science
Underwriter Trainee Resume
Objective : As an Underwriter Trainee, utilized critical thinking skills to evaluate a multitude of information from different sources to evaluate risk and obtain a decision that makes sense to the company and the customer, learned about non-medical risks (occupational, financial, avocation) and how they impact risk selection on their own or in conjunction with certain medical impairments.
Skills : Conflict resolution, Insurance knowledge, Market analysis
Description :
- Learned insurance products, riders, rate classes, and pricing differences in relation to appropriate risk selection and applies that knowledge to Underwriting decision making.
- Made judgment by having the confidence to make decisions within their authority, and know when to use their judgment on unique situations and when to escalate the situation to management.
- Took accountability and ownership to resolve problems and find the answer and demonstrates creativity in identifying reasonable solutions that benefit all parties.
- Successfully completed (graduates) the training program, having demonstrated an ability to make independent and sound underwriting decisions.
- Established and monitored products, policies and profitability as part of a team approach.
- Learned to use independent judgment and initiative to support business goals.
- Learned to maintain a high level of customer service.
Experience
0-2 Years
Level
Fresher
Education
MBA
Underwriter Trainee Resume
Objective : As an Underwriter Trainee, answered questions, provide/verify information, price plan changes, rates, services, evaluate morbidity/mortality risks by coverage, worked independently but seeks guidance on more complex cases/applications.
Skills : Financial analysis, Interpersonal skills, Stress management
Description :
- Performed financial analysis on personal and business financial statements to determine the creditworthiness of applicants.
- Learned to assess risk quality and compliance within company guidelines.
- Learned to interpret, explain, and market products and services and participate in underwritingproduction calls.
- Became familiar with agencies, contractors, and competitors within their territory.
- Prepared effective internal and external communications on underwriting issues.
- Recommended credit decisions based on the applicants qualifications.
- Demonstrated professionalism by consistently acting with respect and courtesy to co-workers and customers, maintains personal credibility, and exhibits excellent teamwork.
Experience
0-2 Years
Level
Fresher
Education
B.S. Statistics
Underwriter Trainee Resume
Objective : As an Underwriter Trainee, responded to customer and business partner inquiries and complaints by explaining decisions, requirements, and options using knowledge of underwriting principles, procedures, and regulations, explored diverse perspectives and consistently behaved sensitively toward differences in cultural norms, expectations, and ways of communicating.
Skills : Financial analysis, Data interpretation, Regulatory knowledge, Organizational skills, Presentation skills
Description :
- Worked effectively with others who have different perspectives, backgrounds, and work styles.
- Continually sustained the Inclusive Leadership Competencies (ILC) through the Explorer level on an annual basis.
- Determined underwriting acceptability, determined proper policy issuance.
- Maintained accurate records of underwriting decisions and rationale, ensuring compliance with company policies and regulatory requirements.
- Participated in team meetings to discuss underwriting challenges and share insights on best practices for risk evaluation and management.
- Supported the implementation of new underwriting software by providing feedback on functionality and user experience during the testing phase.
- Assisted in the development of underwriting guidelines and procedures to streamline processes and improve overall efficiency within the team.
Experience
0-2 Years
Level
Entry Level
Education
Underwriting Cert.
Underwriter Trainee Resume
Objective : As an Underwriter Trainee, provided administrative support by preparing and compiling reports, ensured the Underwriter and/or other colleagues are kept fully aware of any key issues and developments so they can be proactively managed.
Skills : Risk assessment, Financial analysis, Decision-making, Research skills
Description :
- Provided information for the Underwriting Committee and Peer Review process to support the underwriting process.
- Supported the Underwriter by attendance and participation at internal and external client and broker meetings.
- Ensured all information entered in Reinsurance Systems iwa was kept up to date and accurate, prompt processing of slips, aggregates, SCMs, and reinsurance orders.
- Collaborated with international offices to maximize underwriting opportunities.
- Built and maintained relations with brokers and clients to best serve the interests of the organization.
- Learned the workflow, guidelines, and processing steps associated with the CS underwriting platforms begin to understand task prioritization and workflows.
- Collaborated with team members to provide service to advisors and firms.
- Learned how to perform financial analysis consistent with Business Unit standards.
Experience
0-2 Years
Level
Entry Level
Education
B.S. Accounting
