Underwriting Analyst Resume – Examples, Samples & Tips
Underwriting Analyst Resume: As an underwriting analyst, your resume is a key tool in showcasing your skills and experience in evaluating and assessing risk for insurance companies or financial institutions. A well-crafted resume can make a strong impression on potential employers and help you stand out in a competitive job market. In this blog post, we will discuss the essential components of an underwriting analyst resume and provide tips on how to effectively highlight your qualifications and achievements.
Underwriting Analyst Resume – Summary
| Role | Underwriting Analyst |
| Category | Analyst |
| Objective | Dedicated and detail-oriented Underwriting Analyst with a strong background in risk assessment and financial analysis. Seeking to leverage my expertise in evaluating loan applications and determining creditworthiness to contribute to the success of a dynamic financial institution. |
| Description | Detail-oriented Underwriting Analyst with strong analytical skills and experience in evaluating risk factors for insurance policies. Skilled in reviewing financial documents, conducting research, and making sound underwriting decisions. Excellent communication and problem-solving abilities. |
| Required Skills | 1. Strong analytical skills 2. Attention to detail 3. Ability to interpret financial data 4. Excellent communication skills 5. Proficiency in Microsoft Excel and other financial software |
| Mistakes to Avoid | 1. Spelling and grammatical errors 2. Including irrelevant work experience 3. Using a generic resume template 4. Failing to quantify achievements 5. Not tailoring the resume to the job description |
| Important Points to Add | 1. Strong analytical skills 2. Proficient in financial analysis 3. Experience in risk assessment 4. Excellent communication skills 5. Detail-oriented and organized |
Underwriting Analyst Resume Sample
Scott Lang
Underwriting Analyst
(305) 555-2345
[email protected]
606 Ash Street, Meadowbrook, VA 78901
Summary
Highly skilled Underwriting Analyst with 5 years of experience at ABC Insurance Company. Successfully evaluated and approved over 500 insurance applications, resulting in a 20% increase in policy issuance. Proficient in risk assessment, financial analysis, and compliance with industry regulations. Strong attention to detail and excellent communication skills.
Experience
Underwriting Analyst, ABC Insurance Company, New York, NY
January 2018 – Present
– Analyzed and evaluated insurance applications to determine risk and coverage eligibility
– Reviewed financial statements, credit reports, and other relevant documents to assess the financial stability of applicants
– Collaborated with underwriters to make recommendations on policy approvals and pricing
– Conducted market research and competitor analysis to identify trends and opportunities for growth
– Prepared reports and presentations for senior management on underwriting performance and market trends
– Assisted in the development of underwriting guidelines and procedures to ensure compliance with industry regulations
Underwriting Assistant, XYZ Insurance Company, Chicago, IL
June 2016 – December 2017
– Assisted underwriters in processing insurance applications and policy renewals
– Conducted data entry and maintained accurate records of policy information
– Communicated with brokers and clients to gather additional information and clarify policy details
– Prepared quotes and proposals for new business opportunities
– Assisted in the review and analysis of claims data to identify potential risks and trends
– Participated in training sessions and workshops to enhance underwriting knowledge and skills
Education
Bachelor of Science in Finance
University of California, Los Angeles, CA
September 2014 – June 2018
Relevant coursework: Financial Analysis, Investment Management, Risk Management
GPA: 3.7
High School Diploma
Westwood High School, Los Angeles, CA
September 2010 – June 2014
Relevant coursework: Mathematics, Economics, Business Studies
GPA: 3.9
Skills
– Proficient in Microsoft Excel, Word, and PowerPoint
– Strong analytical and problem-solving skills
– Excellent attention to detail and accuracy
– Knowledge of insurance policies and regulations
– Experience with underwriting software such as Guidewire and Duck Creek
– Ability to work independently and as part of a team
– Effective communication and interpersonal skills
– 3 years of experience in underwriting analysis and risk assessment
– Bachelor’s degree in Finance from University of California, Berkeley
Certifications
– Certified Underwriter (CU), American Institute for Chartered Property Casualty Underwriters, 2018
– Associate in Commercial Underwriting (AU), The Institutes, 2017
– Certified Insurance Data Manager (CIDM), Insurance Data Management Association, 2016
Awards & Achievements
– Received Employee of the Month award at ABC Insurance Company in 2018
– Achieved highest sales performance in the department for three consecutive quarters in 2019
– Recognized for outstanding customer service and problem-solving skills, resulting in a 95% customer satisfaction rating in 2020
– Completed underwriting certification program with a perfect score in 2017
– Selected to lead a team of underwriters on a high-profile project, resulting in a 20% increase in revenue for the company in 2016
Reference
Christopher White – Analyst – UVW Enterprises – (666) 777-8888 – [email protected]
Underwriting Analyst Resume Objective – Examples
1. To utilize my strong analytical skills and attention to detail to accurately assess risk and make informed underwriting decisions.
2. To apply my knowledge of insurance policies and regulations to effectively evaluate and price insurance applications.
3. To contribute to the success of the underwriting team by providing thorough analysis and recommendations for risk assessment.
4. To enhance my underwriting skills and knowledge through continuous learning and professional development opportunities.
5. To support the company’s goals and objectives by consistently delivering high-quality underwriting services and maintaining a strong focus on customer satisfaction.
Underwriting Analyst Resume Description Examples
1. Conducted thorough financial analysis and risk assessment of loan applications to determine creditworthiness and make underwriting decisions.
2. Reviewed and evaluated insurance applications to assess risk factors and determine appropriate coverage levels.
3. Collaborated with underwriters and other team members to ensure accurate and timely processing of loan applications.
4. Analyzed market trends and industry data to make informed decisions on loan approvals and pricing.
5. Communicated effectively with clients, brokers, and other stakeholders to gather necessary information and provide updates on underwriting decisions.
Action Verbs to Use in Underwriting Analyst Resume
1. Analyzed: Conducted thorough analysis of financial documents and data to assess risk and make informed underwriting decisions.
2. Evaluated: Assessed the creditworthiness of applicants by evaluating their financial history, income, and other relevant factors.
3. Reviewed: Examined insurance applications and supporting documentation to ensure accuracy and compliance with underwriting guidelines.
4. Assessed: Determined the level of risk associated with insuring a particular individual or organization based on various factors.
5. Calculated: Used mathematical formulas and risk assessment tools to calculate premiums and determine appropriate coverage levels.
6. Recommended: Provided recommendations to senior underwriters on whether to approve or deny insurance applications based on risk assessment.
7. Collaborated: Worked closely with other members of the underwriting team, as well as with insurance agents and brokers, to gather necessary information and make informed decisions.
8. Communicated: Clearly and effectively communicated underwriting decisions to applicants, agents, and other stakeholders.
9. Resolved: Addressed any discrepancies or issues in insurance applications through thorough investigation and problem-solving.
10. Documented: Maintained detailed records of underwriting decisions, correspondence, and other relevant information for future reference and audit purposes.
FAQs – Underwriting Analyst Resume
1. What skills should an underwriting analyst include on their resume?
Some key skills that an underwriting analyst should include on their resume are strong analytical and problem-solving abilities, attention to detail, excellent communication skills, proficiency in financial analysis and risk assessment, and knowledge of underwriting guidelines and regulations.
2. How should an underwriting analyst highlight their experience on their resume?
An underwriting analyst should highlight their experience by including specific examples of successful underwriting projects they have worked on, quantifiable achievements such as reducing risk or increasing profitability, and any relevant certifications or training they have completed.
3. What should an underwriting analyst include in their education section on their resume?
In the education section of their resume, an underwriting analyst should include their degree in a relevant field such as finance, economics, or business administration, any relevant coursework or certifications they have completed, and their GPA if it is above a certain threshold (e.g. 3.0 or higher).
4. How can an underwriting analyst make their resume stand out to potential employers?
To make their resume stand out, an underwriting analyst can tailor their resume to the specific job they are applying for, highlight their relevant skills and experience, use quantifiable achievements to demonstrate their impact, and include a professional summary or objective statement that showcases their strengths and goals.
5. Should an underwriting analyst include a cover letter with their resume?
Yes, it is recommended for an underwriting analyst to include a cover letter with their resume. A cover letter allows the candidate to further explain their qualifications and interest in the position, highlight specific achievements or experiences that are relevant to the job, and demonstrate their communication skills and professionalism.
In conclusion, a well-crafted underwriting analyst resume should highlight your relevant skills, experience, and achievements in the field. By including a strong objective, summary, education, skills, experience, certification, awards, and achievements sections, you can showcase your qualifications effectively. Use our free template as a guide to create a standout resume that will impress potential employers in the insurance industry.