Insurance Underwriter

At Vintti, we understand the importance of real-time collaboration in today's fast-paced business environment. Our staffing solutions focus on connecting US companies with Latin American talent operating in compatible time zones. This strategic approach ensures that businesses can engage with their team members during regular office hours, facilitating immediate communication, swift problem-solving, and seamless project coordination.

An Insurance Underwriter plays a crucial role in the financial sector, responsible for evaluating risk and determining the terms and conditions for insurance policies. They review applications, assess the reliability of information, and use various risk assessment tools to decide whether to approve or deny coverage. Their expertise ensures that insurance companies maintain a profitable balance by accepting manageable risks and setting appropriate premiums. By analyzing data and identifying potential liabilities, Insurance Underwriters help protect both the insurer and the insured while ensuring regulatory compliance and ethical standards.

- Bachelor's degree in finance, business administration, actuarial science, or a related field
- Minimum of 3-5 years of experience in insurance underwriting
- Professional certification such as Chartered Property Casualty Underwriter (CPCU) or Associate in Commercial Underwriting (AU) preferred
- Strong analytical and mathematical skills
- Proficiency in underwriting software and risk assessment tools
- Excellent knowledge of insurance laws, regulations, and industry standards
- Strong attention to detail and accuracy
- Effective communication and interpersonal skills
- Ability to make informed decisions and judgments
- Good organizational and time-management abilities
- Proven ability to analyze complex information and solve problems
- High level of integrity and ethical standards
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
- Ability to work independently and as part of a team
- Strong negotiation skills
- Customer service-oriented mindset
- Experience with claims management processes
- Knowledge of medical and financial terminology
- Willingness to stay updated on industry trends and continuing education
- Ability to travel if required for field visits or assessments

- Evaluate and assess insurance applications.
- Determine risk levels for insuring clients.
- Analyze clients' medical history, financial status, and relevant data.
- Use software for risk calculation according to assessment criteria.
- Decide on coverage amounts and premiums.
- Communicate with policyholders, agents, and brokers.
- Gather additional information for applications.
- Review and update insurance policies and renewals.
- Monitor claims to ensure adherence to underwriting guidelines.
- Approve policy changes and coverage extensions.
- Collaborate with actuaries for accurate rates and policies.
- Stay informed on industry trends and regulatory changes.
- Prepare reports and documentation for underwriting decisions.
- Conduct field visits or remote assessments for complex cases.
- Guide and support junior underwriters.
- Attend team meetings and professional development sessions.
- Maintain accurate records and ensure data privacy.
- Negotiate policy terms and conditions with brokers and agents.
- Develop and maintain industry relationships.
- Conduct audits for compliance with company policies.
- Participate in risk management and mitigation strategies.

The ideal candidate for the Insurance Underwriter role will hold a Bachelor's degree in finance, business administration, actuarial science, or a related field, with a minimum of 3-5 years of hands-on experience in insurance underwriting. They will possess professional certifications such as Chartered Property Casualty Underwriter (CPCU) or Associate in Commercial Underwriting (AU), demonstrating a strong foundation and commitment to their profession. Recognized for their analytical prowess and mathematical acumen, they will proficiently use underwriting software and risk assessment tools to evaluate complex information accurately. Their deep understanding of insurance laws, regulations, and industry standards will be complemented by their robust attention to detail and accuracy. Effective communication and interpersonal skills will enable them to interact confidently with policyholders, agents, and brokers, while their decision-making aptitude will ensure they make well-informed judgments regarding coverage amounts and premiums. Organizational and time-management strengths will allow them to handle multiple responsibilities efficiently, maintaining accurate records and ensuring data privacy. Their high level of integrity and ethical standards will be evident in their work, coupled with a customer service-oriented mindset. This candidate will be adept at claims management processes, have a sound knowledge of medical and financial terminology, and display a commitment to ongoing learning and professional development. They will demonstrate strong negotiation capabilities and the ability to build and maintain professional relationships, showcasing leadership potential to support and train junior underwriters. Adaptability and flexibility in a dynamic work environment, along with the willingness to travel for field visits or assessments when needed, further define them as a perfect fit for this crucial role.

- Evaluate insurance applications and determine the risk involved in insuring clients.
- Analyze clients' background information, including medical history, financial status, and other relevant data.
- Use software to calculate risk according to standard risk assessment criteria.
- Decide coverage amounts and premiums for policies, balancing risk and profitability.
- Communicate with policyholders, insurance agents, and brokers to gather additional information for applications.
- Review and update individual and group insurance policies and renewals.
- Monitor insurance claims to ensure that underwriting guidelines are maintained.
- Assess and approve policy changes and coverage extensions.
- Collaborate with actuaries to ensure accurate rates and policies.
- Stay updated on industry trends, regulatory changes, and new risk factors.
- Prepare detailed reports and documentation for underwriting decisions.
- Conduct field visits or remote assessments when required for complex cases.
- Provide guidance and support to junior underwriters and assist in their training.
- Attend and participate in team meetings and professional development sessions.
- Maintain accurate records and ensure data privacy and compliance with regulations.
- Negotiate terms and conditions of insurance policies with brokers and agents.
- Develop and maintain relationships with industry professionals and clients.
- Conduct audits to ensure compliance with company policies and procedures.
- Actively participate in risk management and mitigation strategies.

- Strong analytical and problem-solving skills
- High attention to detail and accuracy
- Excellent communication and interpersonal abilities
- Proficiency in risk assessment and underwriting software
- Solid understanding of insurance laws, regulations, and industry standards
- Effective decision-making and judgment capabilities
- Good organizational and time-management skills
- Integrity and strong ethical standards
- Ability to work independently and collaboratively
- Customer service-oriented mindset
- Strong negotiation and persuasion skills
- Capability to analyze complex data and information
- Commitment to continuous learning and staying updated on industry trends
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
- Ability to build and maintain strong professional relationships
- Experience in claims management processes
- Knowledge of medical and financial terminology
- Willingness to travel for field visits or assessments if necessary
- Leadership potential to support and train junior underwriters
- Adaptability and flexibility in a dynamic work environment

- Competitive salary range based on experience and qualifications
- Comprehensive health, dental, and vision insurance
- Retirement savings plan with company match
- Paid time off including vacation, sick days, and holidays
- Professional development and continuing education opportunities
- Performance-based bonuses and incentives
- Life insurance and disability coverage
- Flexible work hours and remote work options
- Employee assistance programs for mental health and wellness
- Reimbursement for professional certifications and licensure
- Opportunities for career growth and advancement within the company
- Workplace wellness programs and gym membership discounts
- Company-sponsored social events and team-building activities
- Tuition reimbursement programs for further education
- Travel allowance for field visits and remote assessments
- Discounts on company insurance products for employees
- Collaborative and supportive work environment
- Comprehensive onboarding and training programs
- Access to a corporate learning management system (LMS) for skill enhancement
- Subsidized transportation or parking benefits