Insurance Underwriter

Located in Brooklyn, NY

Salary: $21 -$29/h

We are seeking a meticulous Insurance Underwriter to assess the risk factors of potential clients and establish coverage terms. You will be responsible for implementing guidelines that ensure a balanced ratio of favorable risks, minimizing claim costs, and enabling the company to provide insurance at a competitive price. This role requires a comprehensive understanding of risk analysis, the ability to analyze data, and make informed decisions. The Insurance Underwriter plays a crucial role in maintaining the financial stability and profitability of the company.

Responsibilites:

 

• Review insurance applications for compliance and adherence
• Assess clients’ background information and financial status
• Liaise with specialists to gather information and opinions
• Weight loss exposures and determine underwriting alternatives
• Draw up a quotes for competitive insurance premiums
• Negotiate and define the specific terms of insurance policies with brokers or policyholders
• Keep detailed records of policies underwritten and decisions made
• Balance between mass and homogeneity of risks to achieve predictability of future results
• Develop and maintain a profitable book of business for the insurer
• Follow applicable insurance laws

 

Requirements:

 

• Proven insurance underwriting experience
• Hands-on experience with “smart systems”, analytical tools and statistical packages (spreadsheets,SPSS, databases etc)
• Sensible judgement and attention to detail
• Confident decision making skills
• Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures
• Proven numeracy and statistical skills
• Insurance diploma or certification
• BS in Business Administration, Finance or related field

Pay Range: $21-29/hr

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