Senior Underwriter Job Description Template
Our company is looking for a Senior Underwriter to join our team.
Responsibilities:
- Determining and documenting loan conditions and communicating requirements and or decisions;
- Reviewing, examining and underwriting loans to ensure soundness, business value and compliance with VMC standards;
- Reviewing, evaluating and synthesizing data to ascertain loan viability and identify risk issues and potential fraud;
- Assisting in identifying, recommending and/ or negotiating alternative loan requirements, funding and/ or loan structuring solutions;
- Grow and maintain assigned agency base through varied points of contact;
- Review and revises pricing and coverage to ensure premiums charged are commensurate with the exposure;
- Update Divvy Applicant Files once a decision has been rendered;
- Escalate certain Divvy Applicant Files to Divvy internal manager for further review;
- Document Divvy Applicants’ files with any exceptions and/or red flags found;
- Submission generation of GMM opportunities from target agencies that meet GMM appetite. Target quote ratio of 50% for private company opportunities;
- Selecting individual risks with company product line pricing and underwriting guidelines;
- Represent Arch and Executive Assurance professionally whether internally or externally at agent offices or industry events;
- Identify and make recommendations for addressing broker performance issues with supporting analysis;
- Consistently meet or exceed designated LOB production metrics;
- Provide consistent documentation of underwriting files to Verus and industry best practice standards.
Requirements:
- Understanding of legal, regulatory, economic, competitive and technological environments which potentially affect real estate lending programs;
- Advanced computer skills;
- Extensive understanding of underwriting systems and their inter dependencies;
- BA or BS, ideally with a degree/major in Economics, Business, Finance, or Accounting;
- 3+ years of Management Liability underwriting preferred;
- May require travel by airplane;
- May require travel, including overnight travel;
- BA/BS degree strongly preferred, or equivalent in experience;
- Strategic thinking;
- Analytical judgment;
- Strong interpersonal skills;
- Ability to build strong relationships;
- CPCU or other related Insurance Designation(s) preferred;
- Can effectively communicate both written and orally;
- Requires frequent use of computer.