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Duke King
Administrative Underwriter
Summary
Highly motivated and experienced Administrative Underwriter with 5+ years of experience in the insurance industry. Proven ability to develop and implement underwriting guidelines, analyze financial statements and other relevant data to determine risk levels and establish appropriate policy limits. Expertise in reviewing and approving insurance applications for a variety of lines of coverage, including property, casualty, and life insurance. Excellent communication and interpersonal skills with a strong understanding of insurance underwriting principles and procedures.
Education
Bachelor’s Degree
August 2018
Skills
- Insurance Underwriting
- Policy Analysis
- Risk Assessment
- Reinsurance
- Claims Handling
- Underwriting Guidelines
Work Experience
Administrative Underwriter
- Monitored underwriting performance metrics and provided regular reports to management.
- Developed and maintained underwriting databases and systems for efficient policy processing.
- Trained and mentored junior underwriters on underwriting principles and procedures.
- Participated in the development and implementation of underwriting technology solutions.
Administrative Underwriter
- Developed and implemented underwriting guidelines for a new product line, resulting in a 15% increase in approved applications.
- Analyzed financial statements and other relevant data to determine risk levels and establish appropriate policy limits.
- Reviewed and approved insurance applications for a variety of lines of coverage, including property, casualty, and life insurance.
- Collaborated with sales representatives to provide underwriting support and facilitate the issuance of policies.
Accomplishments
- Successfully implemented a new underwriting workflow system that reduced turnaround time by 25%
- Developed and maintained strong relationships with key brokers, resulting in a 15% increase in written premium
- Led a team of underwriters in implementing a new underwriting risk model, resulting in a significant reduction in loss ratios
- Developed and presented training materials for new underwriters, ensuring they possess the necessary skills and knowledge
- Consistently met or exceeded underwriting performance goals, maintaining a high level of profitability
Awards
- Received the Insurance Underwriters Association Award for Outstanding Achievement in Commercial Lines Underwriting
- Recognized as Underwriter of the Year for consistently exceeding performance targets
- Received the Insurance Services Office (ISO) Excellence in Underwriting Award
- Honored with the Association of Insurance Underwriters (AIU) Distinguished Underwriter Award
Certificates
- Associate in Underwriting (AU)
- Certified Insurance Underwriter (CIU)
- Fellow of the Casualty Actuarial Society (FCAS)
- Associate in Reinsurance (ARe)
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How To Write Resume For Administrative Underwriter
- Highlight your experience in underwriting, risk assessment, and policy analysis.
- Quantify your accomplishments with specific metrics and results.
- Demonstrate your knowledge of insurance industry regulations and best practices.
- Showcase your ability to work independently and as part of a team.
- Include a cover letter that highlights your skills and how they align with the job requirements.
Essential Experience Highlights for a Strong Administrative Underwriter Resume
- Developed and implemented underwriting guidelines for a new product line, resulting in a 15% increase in approved applications.
- Analyzed financial statements and other relevant data to determine risk levels and establish appropriate policy limits.
- Reviewed and approved insurance applications for a variety of lines of coverage, including property, casualty, and life insurance.
- Collaborated with sales representatives to provide underwriting support and facilitate the issuance of policies.
- Monitored underwriting performance metrics and provided regular reports to management.
- Developed and maintained underwriting databases and systems for efficient policy processing.
- Trained and mentored junior underwriters on underwriting principles and procedures.
Frequently Asked Questions (FAQ’s) For Administrative Underwriter
What is the role of an Administrative Underwriter?
An Administrative Underwriter is responsible for evaluating and approving insurance applications, determining risk levels, and setting policy limits. They work closely with sales representatives to provide underwriting support and ensure that policies are issued in a timely and efficient manner.
What are the key skills required for an Administrative Underwriter?
Key skills for an Administrative Underwriter include underwriting, risk assessment, policy analysis, reinsurance, claims handling, and underwriting guidelines. They should also have excellent communication and interpersonal skills.
What is the career path for an Administrative Underwriter?
Administrative Underwriters can progress to more senior roles within underwriting, such as Underwriting Manager or Chief Underwriting Officer. They may also move into other areas of insurance, such as claims or risk management.
What is the salary range for an Administrative Underwriter?
The salary range for an Administrative Underwriter can vary depending on experience, location, and company size. According to Salary.com, the average salary for an Administrative Underwriter in the United States is $65,000.
What are the benefits of working as an Administrative Underwriter?
Benefits of working as an Administrative Underwriter include job stability, competitive salaries, and the opportunity to make a difference in the lives of others.
What is the job outlook for Administrative Underwriters?
The job outlook for Administrative Underwriters is expected to be positive in the coming years. The demand for insurance is expected to grow as the population ages and the economy expands.
How can I prepare for an interview for an Administrative Underwriter position?
To prepare for an interview for an Administrative Underwriter position, you should research the company, practice answering common interview questions, and dress professionally.