What are the responsibilities and job description for the Insurance Underwriter position at Forhyre?
We are looking for a thorough Insurance Underwriter to determine potential clients’ risk factors and to establish the terms of coverage. The successful candidate must be able to set up rules which will result in securing an average proportion of good risks in order to keep average claims cost low and to enable the company to offer insurance at a lower net cost.ResponsibilitiesReview insurance applications for compliance and adherenceAssess clients’ background information and financial statusLiaise with specialists to gather information and opinionsWeight loss exposures and determine underwriting alternativesDraw up quotes for competitive insurance premiumsNegotiate and define the specific terms of insurance policies with brokers or policyholdersKeep detailed records of policies underwritten and decisions madeA balance between mass and homogeneity of risks to achieving predictability of future resultsDevelop and maintain a profitable book of business for the insurerFollow applicable insurance lawsRequirementsProven insurance underwriting experienceHands-on experience with “smart systems”, analytical tools and statistical packages (spreadsheets, SPSS, databases etc)Sensible judgement and attention to detailConfident decision-making skillsExcellent knowledge of insurance policies and ability to relate policy provisions to the loss exposuresProven numeracy and statistical skillsInsurance diploma or certificationBS in Business Administration, Finance or related field
Salary : $70,000 - $120,000