The Perfect Underwriter Resume Writing Tips
Do you want to apply for an Underwriter position to help you get closer to your career goals? Applying for jobs on Seek, LinkedIn, and other job boards can be a time-consuming process, however, to streamline the process, you can ensure your resume writing helps you to stand out from the crowd, and your online profile helps you to get an interview!
If a recruiter or hiring manager are looking for an Underwriter, they are searching for specific transferable skills. With less than ten people being interviewed for the job and hundreds of people, just like you, applying, The Perfect Resume team have created Resume Writing Tips to help you stand out from the others.
What do recruiters look for in an Underwriter resume or an online profile?
Tailoring your resume to an Underwriter position is mandatory today to ensure that your application will pass Applicant Tracking Systems (ATS). In doing so, your resume will be read by the prospective employer. Then, fingers crossed, you will be shortlisted as a potential candidate and be called for not one, but multiple job interviews!
Firstly, before you apply to be an Underwriter, you need to be acquainted with what an Underwriter does!
Underwriters handle the client's profile, including evaluating risk.
Hiring Managers are looking for a detail-orientated Underwriter to assist in .
To be successful as an Underwriter, you should have knowledge of necessary Insurance procedures, be open to learning, and have strong communication skills. Ultimately, a quality Underwriter should be able to achieve remarkable level decision-making skills and work according to tight deadlines in a fast-paced environment.
Knowing this, your resume and online profile should include the hard and soft skills that the recruiter or hiring manager is looking for in a candidate.
The Underwriter position description template will also contain pivotal information about what the candidate will need to do daily. Such as:
• Collecting appropriate and accurate information required to assess potential clients and decide on the acceptable risk for a policy.
• Reviewing policy applications based on the previous loss records, age, medical report, credit ratings and driving records.
• Preparing reports that detail risk assessment findings that contribute to the final decision.
• Comparing various policies having similar risk undertaking and conduct actuarial studies to decide on the company’s loss records.
• Evaluating policies with regards to the company’s underwriting standards.
• Making a decision to accept, modify or reject an insurance application after scrutiny of all the required documents and studies regarding the risk involved.
• Analysing statistical data using specialized computer programs.
• Writing quotes, determine premiums and coverage, and negotiate terms with brokers and clients.
• Carefully selecting the wording of policies, and preparing the terms and conditions.
• Handling queries from credit control departments, brokers and clients.
Monitoring and maintaining the media budget.Creativity in securing coverage and buzz with traditional outlets. position description will also have some requirements and personal attributes that you will need to demonstrate in your resume to ensure your potential employer will take your application seriously:
• Degree in finance or business administration (essential).
• 2 years of experience as an Underwriter (essential).
• Analytical thinker with research proficiencies.
• Ability to use reasonable and sound judgment.
• Strong problem-solving and decision-making skills.
• Thorough knowledge of databases and tracking systems.
• Solid organizational skills and detail-oriented.
• Ability to work under pressure and meet strict deadlines.
• Strong interpersonal and negotiation skills.
You may also want to do some industry research to find out what other companies want in their Underwriters.