Underwriting Manager Job Description
Underwriting manager
provides training to new Real Estate team members on Manulife policies, procedures, processes and systems as required.
Underwriting Manager Duties & Responsibilities
To write an effective underwriting manager job description, begin by listing detailed duties, responsibilities and expectations. We have included underwriting manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Responsible for performance evaluation of all team members (PP&D, annual salary revisions)
Deliver Underwriting tool support for capabilities outlined in 5 year roadmap
Drive optimization of pricing accuracy through leveraging of technology and industry best practices
Configure detailed exhibits in support of all functional areas (Underwriting, Sales)
Nurture an environment of high performance, empowerment, accountability, and alignment
Maintain knowledge of loan products and related investor guidelines mortgage industry trends and best practices
Coordinates the assignment of credits to analysts to ensure timely completion of new loans annual reviews
Responsible for the overall analysis and presentation of current financial information, including comparative spreadsheets for operating companies, economic analysis for commercial real estate projects
Coordinates interim submission of financial information to identify adverse trends and monitor progress
Creates and monitors credit metrics to ensure timely completion of credit packages and to allow for proper staffing levels
Underwriting Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Underwriting Manager
List any licenses or certifications required by the position: FHA, VA, SAR, DE, CPCU, AU, RPLU, SOX, QA, USDA
Education for Underwriting Manager
Typically a job would require a certain level of education.
Employers hiring for the underwriting manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Education, Business, Finance, Accounting, Management, Business/Administration, Economics, Graduate, Mathematics, Statistics
Skills for Underwriting Manager
Desired skills for underwriting manager include:
Systems
FHA
Operational procedures and policies
New government regulations and real estate laws
Monitor activities and report issues
Relative compliance topics
Portfolio management
Market segmentation
Acquisition and distribution
FNMA/FHLMC
Desired experience for underwriting manager includes:
Understanding of drivers of organizational and individual behaviors and how best to engage contributors at various levels of the organization
Experience formulating priorities to deliver effective tactical and strategic solutions
Ability to work with large cross functional groups
7 years quality, compliance, process improvement experience specific to the functional area of position
Experience within Banking Operations
Six Sigma, Business Process Management, or Project Management certifications
Underwriting Manager Examples
1
Underwriting Manager Job Description
Job Description Example
Our company is looking for an underwriting manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for underwriting manager
- Lead in preparation and presentation of formal credit approval request to requisite approval authorities manage and administer the deal approval process
- Underwrites new business opportunities in the vendor space, assessing the credit risk profile
- Use common sense in review of deals and documentation presented
- Maintain cost controls and meet budget guidelines established for the team
- Provide support and expertise as necessary for relevant audits and exams
- Oversees 4-5 supervisors and a team of approximately 50-60 support staff
- Effectively communicates with all levels of business line management including AVP, VP and SVP levels
- Reviews reports for exceptions and disputes any findings within set period of time
- Ensures staff understands test scripts and procedures related to the loss mitigation underwriting process
- Coordinates workflow and ensures proper procedures are followed and deadlines are met
Qualifications for underwriting manager
- Extensive knowledge of agency and investor guidelines and regulations
- Readily able to adapt to using business tools to support role Salesforce.com, Business Objects, AIMS, PCS
- Demonstrable experience in risk management
- 6 years prior manual underwriting experience •Possesses in-depth knowledge of a variety of loan products and program guidelines
- Bank product and services knowledge
- At least 3 years of underwriting experience working on Home Equity/Mortgage programs and guidelines
2
Underwriting Manager Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of underwriting manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for underwriting manager
- Ensures compliance with various regulator, investor, government and corporate expectations and requirements
- Conducts performance reviews, performance improvement plans and handles HR issues
- Assist in the assessment of new deals before term sheet issuance (financial statement analysis and financial modeling, transaction structuring and pricing, participate in meetings with prospects, complete pre-screen credit approval packages)
- Manage the due diligence process (including analyzing due diligences results)
- Review applications submitted by Direct Sales and those submitted through indirect sales (brokers and agents)
- Price renewal policies and prepare proposals for the Pricing Committee when terms are over local delegations and additional approval levels are required
- Prepare a Write-up for Group Commercial Underwriters and for Pricing Committee review when terms are over local delegations
- Determine what coverage is available, premium to be paid and other terms required in accepting the risk
- Develop new Riders in cooperation with other departments (Risk, Claims and Legal)
- Analysis of policy performance
Qualifications for underwriting manager
- Strategic thinker, capable of identifying process improvements and executing change
- Previous experience in a leadership role, experience mentoring and coaching underwriters on technical underwriting
- Have attained or working towards LOMA, FLMI or ALU designations
- Experience with reinsurance negotiations and understanding of impacts of procedure changes to reinsurers
- Work closely with the Commercial Support Functions to ensure a timely and efficient service to Sales Agents, Intermediaries, Clients and Prospects
- Degree educated in Finance, Business Administration, Economics, Banking or equivalent
3
Underwriting Manager Job Description
Job Description Example
Our company is looking for an underwriting manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for underwriting manager
- Ensures the timely completion of all financial analyses related to EyeMed's financial pricing, presents clear and concise conclusions appropriate for executive review
- Collaborates with Sales & Account Management to adequately identify risks and opportunities to current financial forecasts/plans
- Partners with management and other EyeMed leadership on new projects
- Provides financial support for Business Development activities focused on acquisition of new clients, and provides direction and support for significant strategic product development activities
- Supports EyeMed Finance in ad hoc financial analyses and project work as necessary
- Effectively demonstrates and applies financial concepts with a complete and thorough understanding of EyeMed products, associated benefits, reimbursements and related financial reporting
- Further build a market-facing, service oriented team
- Strengthen and improve the interaction with Customers and Brokers in order to deliver world class service (Year of service)
- Strengthen and improve the interaction with Underwriting, Claims, the IP team and CDM in order to deliver world class service (Year of service)
- Optimize operating model between GC and third party providers
Qualifications for underwriting manager
- MBA or MS/MA in Economics, Statistics, Finance, or Accounting
- 5+ years’ experience in financial management, with Insurance product management, pricing, or underwriting responsibilities
- Ability to draw logical conclusions based on a clear grasp of the information and interrelationships between issues
- Thinks strategically and analytically with all respects to financial analysis
- Demonstrated experience in strong interpersonal skills, customer facing skills, public presentation skills, including negotiation
- Experience in effective verbal/written communication skills
4
Underwriting Manager Job Description
Job Description Example
Our growing company is looking to fill the role of underwriting manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for underwriting manager
- You can demonstrate some experience of business change, project management and delivery, and business analysis, ideally from within numerical and/or analytical roles or functions
- You are an approachable and hands-on people person who understands and works with individuals and teams, creating an environment that brings out the best in people
- You enjoy seeing things through from start to finish, from the initial review right through to seeing your solutions developed and implemented
- You have good stakeholder management skills at all levels of the organisation, being clear how you deliver with and through others
- You think on your feet – you like to learn and can do so quickly
- You communicate clearly – you can explain what you do and what needs to happen, simply and clearly
- Work with underwriting team leads to establish specific individual performance plans, including specific productivity metrics
- Create a culture of innovation and continuous improvement by championing new processes, technologies and service initiatives
- Manage process of reviewing and responding to QA deficiency findings
- Partner with Operations Analytics to develop and execute on monitoring plan necessary to ensure that capacity distribution across regional and account-specific teams is aligned with incoming volumes
Qualifications for underwriting manager
- At least 7 years work experiences in underwriting field
- Computer literate (familiar with reporting tools)
- Minimum 6 years experience in leading and operating in a complex work environment such as GC and GI underwriting
- Domestic/International retail/wholesale process flow and routines
- Professional designation desired (CPCU, ARM)
- Advanced proficiency in underwriting
5
Underwriting Manager Job Description
Job Description Example
Our company is growing rapidly and is looking for an underwriting manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for underwriting manager
- Maintaining Quote registers
- Preparation of Rating sheets for proposals
- Knowledge of preparations of experience quotations
- Preparation and Maintenance of MIS for Quotations
- Provides guidance to agents and policyholders and provides technical guidance and expertise to underwriters
- Provides management, support, guidance and consultation to medical underwriters and project management team
- Develops, administers and monitors medical underwriting rules and guidelines for indemnity and benefit products
- Analyses and monitors quality of medical risks underwritten and production of team
- Project lead for automating the evidence of insurability and medical underwriting process
- Prepares clinical and medical recommendations based on data summaries, trend analysis, financial analysis, and business analysis
Qualifications for underwriting manager
- 5+ years of analytical experience, focused on underwriting, pricing and/or financial modeling
- Solid grasp and knowledge of the principles of finance to apply to business problems
- Ability to respond resourcefully to change and ambiguity
- Minimum Bachelor Degree on Medical Science
- Demonstrated experience in advanced problem solving skills
- Demonstrated understanding of health care industry, market dynamics for managed health care products, and competitor practices