Commercial Underwriter Resume Example

Common Responsibilities Listed on Commercial Underwriter Resumes:

  • Analyze financial statements, credit reports, and other relevant documents to assess risk and determine creditworthiness of potential customers
  • Develop and maintain relationships with brokers and customers
  • Negotiate terms and conditions of commercial insurance policies
  • Monitor and review existing policies to ensure compliance with underwriting guidelines
  • Develop and implement underwriting strategies to meet business objectives
  • Analyze and interpret data to identify trends and develop strategies to mitigate risk
  • Prepare and present reports to senior management on underwriting performance
  • Develop and maintain underwriting guidelines and procedures
  • Participate in industry and professional organizations to stay abreast of market trends
  • Train and mentor junior underwriters
  • Monitor and review claims to ensure compliance with underwriting guidelines
  • Develop and maintain relationships with reinsurers

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Commercial Underwriter Resume Example:

A strong Commercial Underwriter resume should emphasize the candidate's ability to develop and implement effective underwriting strategies, as demonstrated by their success in increasing new business and reducing loss ratios. Additionally, showcasing experience in mentoring and training junior underwriters, as well as collaborating with senior management to improve underwriting guidelines, highlights leadership and teamwork skills. Lastly, highlighting achievements in negotiating and closing policies, analyzing data to mitigate risk, and maintaining strong relationships with brokers, customers, and reinsurers showcases the candidate's well-rounded expertise in the field.
Selena Forsythe
selena@forsythe.com
(212) 223-3344
linkedin.com/in/selena-forsythe
@selena.forsythe
Commercial Underwriter
Highly skilled Commercial Underwriter with 4 years of experience in developing and implementing underwriting strategies that resulted in a 25% increase in new business and a 15% reduction in loss ratio. Proven track record in mentoring and training junior underwriters, resulting in a 20% improvement in accuracy and a 10% increase in productivity. Collaborative team player with exceptional skills in risk assessment, negotiation, and relationship management.
WORK EXPERIENCE
Commercial Underwriter
03/2022 – Present
Global Risk Solutions
  • Developed and implemented underwriting strategies that resulted in a 25% increase in new business and a 15% reduction in loss ratio.
  • Mentored and trained a team of 5 junior underwriters, resulting in a 20% improvement in underwriting accuracy and a 10% increase in productivity.
  • Collaborated with senior management to develop and implement new underwriting guidelines and procedures, resulting in a 30% reduction in underwriting errors.
Insurance Sales Agent.
03/2020 – 03/2022
Premier Insurance Agency
  • Negotiated and closed a $5M policy with a new customer, exceeding sales targets by 20% and contributing to a 10% increase in overall revenue.
  • Analyzed and interpreted data to identify trends and develop strategies to mitigate risk, resulting in a 15% reduction in claims and a 5% increase in customer retention.
  • Developed and maintained relationships with reinsurers, resulting in a 10% reduction in reinsurance costs and a 5% increase in profitability.
Junior Commercial Underwriter
03/2019 – 03/2020
Summit Commercial Underwriting
  • Analyzed financial statements, credit reports, and other relevant documents to assess risk and determine creditworthiness of potential customers, resulting in a 20% increase in approved policies.
  • Developed and maintained relationships with brokers and customers, resulting in a 15% increase in customer satisfaction and a 10% increase in policy renewals.
  • Prepared and presented reports to senior management on underwriting performance, resulting in a 10% increase in underwriting accuracy and a 5% reduction in underwriting errors.
SKILLS & COMPETENCIES
  • Risk assessment and mitigation
  • Financial analysis
  • Credit analysis
  • Data analysis and interpretation
  • Underwriting strategy development
  • Negotiation and closing deals
  • Relationship management with brokers, customers, and reinsurers
  • Team leadership and mentoring
  • Policy development and implementation
  • Reporting and presentation skills
  • Customer retention and satisfaction
  • Attention to detail and accuracy
  • Time management and productivity
  • Adaptability to industry changes and trends
  • Strong communication and interpersonal skills
COURSES / CERTIFICATIONS
Associate in Commercial Underwriting (AU)
04/2023
The Institutes Risk and Insurance Knowledge Group
Chartered Property Casualty Underwriter (CPCU)
04/2022
The Institutes
Certified Insurance Counselor (CIC)
04/2021
The National Alliance for Insurance Education & Research
Education
Bachelor of Business Administration in Finance
2016 - 2020
Baruch College, City University of New York
New York, NY
Risk Management and Insurance
Business Analytics

Top Skills & Keywords for Commercial Underwriter Resumes:

  • Risk Assessment and Analysis
  • Financial Statement Analysis
  • Credit Analysis and Scoring
  • Underwriting Guidelines and Procedures
  • Industry and Market Research
  • Loan Structuring and Pricing
  • Regulatory Compliance
  • Loan Documentation Review
  • Portfolio Management
  • Cash Flow Analysis
  • Collateral Evaluation
  • Negotiation and Communication Skills
  • Analytical and Detail-Oriented
  • Risk Assessment and Management
  • Decision Making and Problem Solving
  • Communication and Interpersonal Skills
  • Time Management and Prioritization
  • Adaptability and Flexibility
  • Customer Service and Relationship Building
  • Collaboration and Teamwork
  • Negotiation and Conflict Resolution
  • Strategic Thinking and Planning
  • Organizational and Multitasking Skills
  • Professionalism and Ethical Conduct

Resume Action Verbs for Commercial Underwriters:

  • Analyzed
  • Evaluated
  • Assessed
  • Negotiated
  • Recommended
  • Approved
  • Mitigated
  • Underwrote
  • Reviewed
  • Collaborated
  • Communicated
  • Monitored
  • Scrutinized
  • Investigated
  • Verified
  • Calculated
  • Delegated
  • Prioritized

Resume FAQs for Commercial Underwriters:

How long should I make my Commercial Underwriter resume?

The ideal length for a Commercial Underwriter resume can vary depending on the individual's experience and career stage. However, it's generally recommended to keep your resume concise and focused on the most relevant information. One to two pages: As a general rule, your resume should be no more than one to two pages long. For entry-level or early-career Commercial Underwriters, one page is usually sufficient. Experienced Commercial Underwriters with extensive accomplishments and a longer work history may require two pages, but it's essential to ensure that every piece of information is relevant and valuable. Prioritize content: When determining what to include on your resume, prioritize the most relevant and recent experience, skills, and achievements. Focus on the accomplishments that demonstrate your expertise in commercial underwriting and your ability to drive results. Be selective and avoid including outdated or irrelevant information. Use concise language: To maximize space on your resume, use concise language and bullet points to describe your experience and achievements. Avoid long paragraphs or unnecessary details, and be sure to quantify your accomplishments whenever possible (e.g., reduced loss ratio by 15%). Tailor your resume: Customize your resume for each job application, focusing on the skills and experiences most relevant to the specific Commercial Underwriter role you're applying for. This will help you present a targeted and impactful resume, while also ensuring you stay within the one to two-page limit.

What is the best way to format a Commercial Underwriter resume?

The best way to format a Commercial Underwriter resume is to create a clear, concise, and visually appealing document that effectively showcases your skills, experience, and achievements. Here are some tips and recommendations for formatting a Commercial Underwriter resume: Consistent formatting: Ensure consistency in formatting throughout your resume, including font size, typeface, and spacing. Using a consistent format helps make your resume easy to read and navigate, making it more likely that hiring managers will review your entire document. Clear section headings: Clearly label each section of your resume (e.g., "Summary," "Experience," "Skills," "Education") with bold or underlined headings. This helps guide the reader's eye and makes it easier for them to find the information they're looking for. Use bullet points: Use bullet points to present your experience and achievements in a concise and easy-to-read format. This helps break up large blocks of text and enables hiring managers to quickly scan your resume for relevant information. Highlight relevant experience: Focus on highlighting your experience in underwriting, risk assessment, and financial analysis. Be sure to include any relevant certifications or licenses you hold. Quantify achievements: Use numbers and metrics to quantify your achievements, such as the number of loans approved or the percentage of loans with low risk. Reverse chronological order: Present your work experience in reverse chronological order, starting with your most recent position and working backward. This format is preferred by most hiring managers, as it allows them to easily review your career progression and most recent accomplishments. Overall, the key to a successful Commercial Underwriter resume is to showcase your relevant experience and achievements in a clear and concise format. By following these formatting tips, you can create a resume that effectively communicates your skills and qualifications to potential employers.

Which keywords are important to highlight in a Commercial Underwriter resume?

As a Commercial Underwriter, it is essential to highlight your skills, experience, and knowledge in your resume to showcase your expertise and stand out to potential employers. To do this effectively, consider incorporating the following keywords and action verbs in your resume: 1. Risk Assessment: Emphasize your ability to evaluate and analyze risks associated with various commercial insurance policies. 2. Policy Underwriting: Highlight your experience in underwriting commercial insurance policies, including determining coverage, pricing, and terms. 3. Financial Analysis: Showcase your skills in analyzing financial statements, credit reports, and other financial data to assess the financial stability of potential clients. 4. Negotiation: Mention your ability to negotiate policy terms, conditions, and pricing with brokers and clients. 5. Portfolio Management: Demonstrate your experience in managing a portfolio of commercial insurance policies, including monitoring performance and identifying trends. 6. Compliance: Emphasize your

How should I write my resume if I have no experience as a Commercial Underwriter?

Writing a resume with little to no experience as a Commercial Underwriter can be challenging, but there are ways to make your resume stand out to potential employers. Here are some tips to help you craft an effective resume: Emphasize transferable skills: Even if you don't have direct experience as a Commercial Underwriter, you likely have transferable skills that are valuable in the field. These can include analytical thinking, attention to detail, risk assessment, communication, and problem-solving. Make sure to highlight these skills throughout your resume. Showcase relevant projects: If you've worked on any projects, either in school or as part of your previous roles, that are related to commercial underwriting, make sure to include them on your resume. This can include financial analysis, risk management, or insurance policy development. Explain your role in these projects and the impact your contributions had on the final outcome. Highlight education and certifications: If you have a degree in a relevant field, such as finance, business, or economics, be sure to mention it. Additionally, include any commercial underwriting certifications or courses you've completed, such as the Chartered Property Casualty Underwriter (CPCU) or courses from platforms like Coursera or Udemy. Demonstrate your passion for commercial underwriting: Include a summary or objective statement that highlights your interest in commercial underwriting and your motivation to pursue a career in the field. This can help show potential employers that you are committed to the industry and willing to learn and grow in the role. By focusing on your transferable skills, relevant projects, education and certifications, and passion for commercial underwriting, you can create a resume that stands out to hiring managers and recruiters. Remember to tailor your resume to the specific job you are applying for and highlight how your skills and experience align with the job requirements. Good luck!

Compare Your Commercial Underwriter Resume to a Job Description:

See how your Commercial Underwriter resume compares to the job description of the role you're applying for.

Our new Resume to Job Description Comparison tool will analyze and score your resume based on how well it aligns with the position. Here's how you can use the comparison tool to improve your Commercial Underwriter resume, and increase your chances of landing the interview:

  • Identify opportunities to further tailor your resume to the Commercial Underwriter job
  • Improve your keyword usage to align your experience and skills with the position
  • Uncover and address potential gaps in your resume that may be important to the hiring manager

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