Employers typically prefer at least five years of relevant experience for this position; many also prefer knowledge of the particular type of underwriting performed at the hiring organization.
They may qualify for higher-paying jobs once they have two to five years of experience assisting underwriters. Assistant underwriters typically work as a subordinate to an underwriter and work in an office environment during regular business hours, although travel may occasionally be required for risk assessment.
They hire underwriting assistants to help them analyze information on insurance applications, screen clients based on company criteria, and evaluate recommendations with underwriting computer software.
Employers typically prefer at least five years of relevant experience for this position; many also prefer knowledge of the particular type of underwriting performed at the hiring organization. Drag job titles to investigate a particular path and click on a link to see where particular career can lead.
Additionally, they must be well organized, pay close attention to detail, skilled at multitasking, and efficient. Assistant underwriters should have extensive knowledge in the financial and credit industries, as well as regulations and laws related to banking, investment, and insurance.
Assist business development of new business opportunities with sales and marketing efforts. Average total compensation includes tips, bonus, and overtime pay. These are the requirements of underwriters -- a position in which many assistants will eventually get promoted.
It does forecast job opportunities for insurance underwriters, which will only grow 6 percent in the next decade -- slower than average compared to most occupations. These professionals usually work for insurance and benefits companies, or local government agencies.
More insurance underwriters and their assistants are using automated software, which negatively impacts demand for their services. Other key qualifications include an attention to detail and analytical, decision-making, communication, customer service and math skills.
Pay Difference by Location. All employees and self-employed workers must be insured in because of federal regulation, which should produce more jobs for underwriting assistants. Assist in the development and monitoring of premium rates. Bureau of Labor Statistics.
Enter, review and maintain accurate records of new policies and renewals. Assist business development of new business opportunities with sales and marketing efforts. They may work in a variety of fields, such as bank underwriting, insurance underwriting, and real estate underwriting.
In all fields, assistant underwriters must cultivate good relationships with clients and be able to obtain client information quickly and accurately. Moreover, underwriting assistants, as underwriters, may find more job opportunities in the health care industry.
Contributing Factors Underwriting assistants usually earn higher salaries as they gain experience. An underwriting assistant may also qualify for a job by getting certified as an Associate in Consumer Underwriting or Associate in Personal Insurance through the Insurance Institute of America.
They may work in a variety of fields, such as bank underwriting, insurance underwriting, and real estate underwriting. In, people were employed in the U. Assistant underwriters should have extensive knowledge in the financial and credit industries, as well as regulations and laws related to banking, investment, and insurance.
These professionals may also earn more in certain industries. douglasishere.com provides you with Underwriting Assistant salary, bonus, and benefits data for 14 cities in Colorado. Get your free personalized salary report today. What are you worth? douglasishere.com provides you with Underwriting Assistant salary, bonus, and benefits data for 14 cities in Colorado.
Colorado Underwriting Assistant salaries vary. The national average salary for a Underwriting Assistant is $40, in Canada. Filter by location to see Underwriting Assistant salaries in your area.
Salary estimates are based on 69 salaries submitted anonymously to Glassdoor by Underwriting Assistant employees. Average Total Compensation. The base salary for Underwriting Assistant ranges from $42, to $55, with the average base salary of $49, The total compensation, which includes bonus, health and retirement, can vary anywhere from $43, to $58, with the.
Underwriting Assistant Salaries in London, United Kingdom: £26K (median). LinkedIn members shared this salary. Underwriting Assistant: Also referred to as: Underwriting Operations Support Coordinator, Underwriting Team Support Assistant: Requirements and Responsibilities: Provides support and assistance to underwriting staff.
Performs administrative duties regarding new and renewal accounts, risk assessments, and loss runs and loss ratings.
The Underwriting Assistant supports various underwriting and operations processes, As a member of our underwriting support team, you will provide high level support to the underwriting function Be the first to see new Underwriting Assistant jobs.Underwriting assistant salary nzymes