Underwriter
Assess financial risks and provide insurance or loan approval to individuals or companies.
Job opportunities
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Jobs in SEEK right nowJob growth
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In the last 3 monthsSalary
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Typical salaryJob satisfaction
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Job opportunities
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Jobs in SEEK right nowSalary
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Typical salaryJob growth
-
In the last 3 monthsJob satisfaction
-
On this page
- What's it like to be an Underwriter?
- Latest Underwriter jobs
- Top skills and experience for Underwriters
What's it like to be an Underwriter?
An Underwriter often determines the risk of providing insurance or loans to applicants. They review and assess an individual or company's financial background and history to evaluate their ability to meet their financial commitments, while remaining profitable for the insurer or lender. Underwriters can be employed across multiple industries such as banking, insurance and real estate amongst others. This role typically involves significant data analysis to calculate possible risks, alongside frequent liaising with professionals like risk assessors or financial advisors.
Tasks and duties
- Evaluating financial information and risk factors to determine the suitability of providing insurance coverage.
- Reviewing insurance applications to ensure all questions have been answered and necessary information is collected.
- Working with brokers and clients to rectify potential underwriting issues.
- Assessing and predicting possible risks posed by applicants to an insurance company.
- Calculating possible payouts due to claims and setting appropriate premium rates.
- Monitoring insurance policies to ensure ongoing compliance with underwriting guidelines and regulations.
- Collaborating with actuaries, statisticians and other professionals to determine and review insurance policies.
Compare your salary
Find out how your salary compares with the average salary for Underwriters.Latest Underwriter jobs on SEEK
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Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Underwriter employers on SEEK are looking for job seekers with expertise in the following areas. Underwriting
Decision Making Skills
Customer Oriented
Analytical Thinking
Commercial Insurance
Business Applications
Life Insurance
Judgement and Decision Making
Relationship Management
Insurance Industry
Analysis
Problem Solving
Risk Assessment
Communication Skills
Business Performance
Written Communication
Relationship Building
Data Migration
Project Work
Process Improvement
Source: SEEK job ads and SEEK Profile data
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