Sample underwriter job description
At [Company X], we take pride in our attention to detail. We are searching for a qualified underwriter to leave no stone unturned throughout our meticulous application process, ensuring that approved loans align with our business goals and that all regulatory requirements are met. The ideal candidate will be highly organized, skilled at creating risk assessment reports, and comfortable working on multiple projects at once. As you grow your book of business with us, you’ll be given opportunities to grow within our company.
Objectives of this role
Mitigate company lending/insuring risk by carefully analyzing applicants’ information and making strong recommendations based on findings
Work seamlessly with loan processors/insurance agents and other team members to ensure a smooth, speedy application process for potential clients
Determine appropriate loan/premium amounts for each applicant, adhering to company policies and standards
Uncover any undisclosed debt, cash flow issues, or other missing financial information
Understand the rules and regulations that govern lending or insuring in the country of hire
Ensure that all loan/policy applications and files are complete and accurate
Responsibilities
Review approved loans/insurance policies to ensure that all legal regulations, required conditions, and company policies are met
Research all areas of an applicant’s financial background, including employment history, credit reports, and banking and asset information
Analyze financial information and create comprehensive risk assessment reports for each applicant, communicating findings clearly with team members
Advise the company on whether or not to approve an application based on risk assessment
Proofread files before they are submitted for approval, correcting any errors and filling in any incomplete details
Skills and qualifications
Meticulous attention to detail
Strong data analysis capabilities and the ability to clearly communicate findings through reports
Comfort multitasking and managing multiple projects simultaneously
Ability to conduct thorough and accurate research
Knowledge of applicable lending or insuring regulations relevant to the industry
Strong interpersonal skills, with the ability to provide quality customer service
Preferred qualifications
Bachelor’s (or equivalent) degree (or equivalent experience) in finance, business, or related field
Excellent verbal and written communication skills
Advanced knowledge of the market
Familiarity with analysis and statistics-focused software programs
