Underwriting Manager Resume Guide
Underwriting Managers are responsible for analyzing and evaluating risk, making decisions about whether to accept or reject insurance applications. They review financial statements and other data to determine the amount of coverage needed, set appropriate premium rates, negotiate terms with clients, and ensure compliance with relevant regulations.
You have the experience and knowledge to become an outstanding underwriting manager, but potential employers won’t know who you are unless you create a resume that shows off your qualifications. Put together a document that demonstrates all of your abilities in order to get their attention.
This guide will walk you through the entire process of creating a top-notch resume. We first show you a complete example and then break down what each resume section should look like.
Table of Contents
The guide is divided into sections for your convenience. You can read it from beginning to end or use the table of contents below to jump to a specific part.
Underwriting Manager Resume Sample
Monique Littel
Underwriting Manager
[email protected]
545-901-2088
linkedin.com/in/monique-littel
Summary
Dependable and results-oriented underwriting manager with 7+ years of experience in the financial services industry. Skilled at developing risk assessment strategies, analyzing credit data, and managing teams to ensure compliance with established policies. At XYZ, successfully managed a team of 25 underwriters for 10 months which resulted in 5% growth in revenue within 8 months. Recognized as an expert problem solver who can identify risks quickly and efficiently.
Experience
Underwriting Manager, Employer A
Hialeah, Jan 2018 – Present
- Administered the underwriting process for 300+ loan applications per month, ensuring that all documentation was accurate and in compliance with legal regulations.
- Documented risk factors associated with each loan application and assessed whether they met lending criteria; reduced credit losses by 15%.
- Actively conducted due diligence research on potential borrowers to provide an informed basis for making decisions on granting loans or lines of credit.
- Reduced operational costs related to managing the underwriting process by 10% through streamlining processes and introducing new technology solutions such as automated data entry systems.
- Reviewed loan documents from clients prior to funding, verifying accuracy of information provided against relevant databases and sources; approved over $1 million worth of loans every quarter without any errors/delays in processing timeframes.
Underwriting Manager, Employer B
Mobile, Mar 2012 – Dec 2017
- Resourcefully managed a team of 8 Underwriters and 3 Clerks to review, assess and price risk for over 300 commercial loan applications each month; reduced processing time by 11%.
- Revised underwriting strategies based on changing market conditions to ensure the achievement of long-term business goals while minimizing losses due to defaults or delinquencies.
- Compiled comprehensive credit reports with financial analysis, character references & background checks that enabled more informed decision making when approving loans.
- Monitored portfolio performance regularly using statistical data such as loss ratios, total outstanding balances & forecasted cash flows; identified potential risks early in order to avoid capital losses of $15M+.
- Evaluated customer profiles against established standards so as to determine their ability and willingness for repayment before granting new lines of credit worth up to $10M per loan application at any given time.
Skills
- Underwriting
- Insurance
- Risk Management
- Commercial Insurance
- Property and Casualty Insurance
- General Insurance
- Liability
- Credit
- Mortgage Lending
Education
Bachelor’s Degree in Business Administration
Educational Institution XYZ
Nov 2011
Certifications
Chartered Property Casualty Underwriter (CPCU)
The
May 2017
1. Summary / Objective
Your resume summary should be the first thing a hiring manager reads, so make sure it’s compelling and succinct. In this section, you can highlight your experience in underwriting management by mentioning how many years of experience you have in the field, any relevant certifications or qualifications that demonstrate your expertise, and any successful projects or initiatives you’ve completed. Additionally, mention what sets you apart from other candidates – such as an innovative approach to risk assessment or superior customer service skills.
Below are some resume summary examples:
Professional underwriting manager with 8+ years of experience in risk analysis and financial management. Proven success in reducing losses by up to 15% across multiple industries. At XYZ, implemented a new process for evaluating loan applications that drastically improved the turnaround time from 5 days to 24 hours while maintaining accuracy standards. Skilled at developing efficient strategies aligning with organizational goals and objectives.
Reliable underwriting manager with 7+ years of experience in the insurance industry. Proven track record of increasing efficiency and accuracy throughout the underwriting process while maintaining compliance standards. At XYZ, improved turnaround time by 20%, allowing for faster quote generation, new business acquisition, and customer satisfaction. Skilled at developing strong relationships with clients to ensure their long-term loyalty.
Passionate and experienced underwriting manager with over 10 years of experience in the insurance industry. Specializing in risk assessment, financial analysis and policy review for commercial clients. Skilled at managing a team of 5-10 staff members while ensuring compliance to company policies and procedures. Successfully decreased average turnaround time by 20% during my tenure as Underwriting Manager at XYZ Insurance Company.
Amicable underwriting manager with 7+ years of experience in the financial services industry. Adept at managing a team, providing guidance on risk management strategies, and developing solutions to minimize loss ratios. At XYZ Inc., developed an innovative Underwriting Risk Program which reduced losses by 22%. Possess excellent communication skills and ability to build relationships with clients, vendors, and colleagues alike.
Seasoned Underwriting Manager with 10+ years of experience in the banking and finance industries. Proven ability to manage a team, assess risk, analyze data and develop business strategies for generating profitable loan portfolios. Seeking to leverage my knowledge and expertise at ABC Bank as an Underwriting Manager where I can help reduce losses while helping create opportunities for growth.
Well-rounded underwriting manager with 10+ years of experience in the insurance industry. Skilled at risk assessment, policy renewal management and customer relations. Proven track record of successfully managing a team to meet deadlines while ensuring quality standards are met. Seeking to leverage leadership skills and extensive knowledge for ABC Insurance’s Underwriting Manager position.
Hard-working underwriting manager with 8+ years of experience in the insurance industry. Proven track record for leveraging sound judgment to review and analyze complex risk profiles, leading to successful policy placements up to $2 million. At XYZ Insurance, managed a team of 20 Underwriters that achieved 95% customer satisfaction rate and improved overall performance by 20%.
Proficient underwriting manager with 10+ years of experience in the insurance industry. Proven ability to lead a team and manage risk effectively, increasing customer satisfaction by 19% at XYZ Insurance Company. Aiming to leverage extensive knowledge of policies and procedures to become ABC’s next Underwriting Manager and help build long-term relationships with clients.
2. Experience / Employment
The employment (or experience) section is where you provide details on your work history. It should be written in reverse chronological order, which means the most recent job comes first.
Stick to bullet points when writing this section; it helps make it easier for the reader to digest what you have said quickly and efficiently. When providing detail, explain what you did and any quantifiable results that were achieved as a result of your efforts.
For example, instead of saying “Reviewed loan applications,” say “Evaluated over 500 loan applications per month for creditworthiness using established underwriting criteria.”
To write effective bullet points, begin with a strong verb or adverb. Industry specific verbs to use are:
- Underwrote
- Assessed
- Analyzed
- Evaluated
- Managed
- Monitored
- Researched
- Documented
- Negotiated
- Recommended
- Administered
- Processed
- Coordinated
- Reviewed
Other general verbs you can use are:
- Achieved
- Advised
- Compiled
- Demonstrated
- Developed
- Expedited
- Facilitated
- Formulated
- Improved
- Introduced
- Mentored
- Optimized
- Participated
- Prepared
- Presented
- Reduced
- Reorganized
- Represented
- Revised
- Spearheaded
- Streamlined
- Structured
- Utilized
Below are some example bullet points:
- Meticulously underwrote and evaluated over 200 loan applications every month; reduced exposure to risk by identifying any discrepancies within the documents, resulting in a 20% decrease in default rates.
- Structured customized underwriting processes for large-scale projects of up to $10 million; improved productivity by streamlining existing systems and eliminating manual labor efforts.
- Utilized advanced analytics models such as linear regression and logistic regressions to assess creditworthiness on potential investments; identified high-yield opportunities that generated an additional return of $1 million annually.
- Optimized workflow with data-driven decision making tools, leveraging automated workflows from application input through closing decisions while maintaining compliance standards at all times.
- Collaborated closely with cross functional teams including sales, operations & finance departments to ensure successful completion of transactions within allotted time frames set forth in company policies and procedures guidelines.
- Managed a team of 8 underwriters, delegating tasks and ensuring that quality standards were met; reduced turnaround time on claims processing by 30%.
- Effectively identified risks associated with new business opportunities and established appropriate policy terms in order to reduce losses by 20%.
- Negotiated complex insurance deals between clients and managed relationships proactively to ensure the best possible outcomes for both parties.
- Facilitated face-to-face meetings with existing & prospective customers in order to understand their needs better and develop customised products accordingly; increased customer satisfaction rating from 80% to 90%.
- Mentored junior staff members on various aspects of underwriting operations, providing guidance as needed while developing a high performing team culture within the organization.
- Represented the company at insurance industry conferences and meetings to discuss best practices, build professional relationships with underwriters, agents and brokers.
- Developed an efficient system for underwriting risk assessments that saved $10K in administrative costs annually while increasing accuracy by 30%.
- Achieved a 25% reduction in renewal rate errors through improved communication between departments & continuous training of staff members.
- Coordinated weekly team meetings to review new policies and identify areas for improvement; increased collaboration among underwriters by 45%.
- Diligently monitored regulatory changes within the industry to ensure compliance with all state/federal laws; trained over 100 employees on updated requirements within 2 months of implementation date.
- Participated in the underwriting of over 400 loans, policies and contracts per month with a 99.2% accuracy rate; successfully improved loan approval times by 49%.
- Recommended risk management strategies for companies to reduce their exposure to loss and fraud cases; implemented efficient processes that resulted in an 11% decrease in fraudulent activities.
- Expedited the application process of high-value clients by expediting documents & audits within 10 days on average, allowing them access to funds quickly while meeting all legal requirements as specified by bank regulations.
- Reliably managed a team of 8 underwriters who were responsible for conducting background checks, verifying financial information and processing customer data prior to approving or denying applications; led a reduction in errors from 4% down to 0%.
- Analyzed complex policy documentation thoroughly before deciding whether insurance coverage should be provided or not; maintained 95+ rating score throughout tenure as Underwriting Manager.
- Improved underwriting processes and procedures, resulting in a 50% reduction of application processing time.
- Processed over 300 loan applications per week from initial review to final approval/decline decisions; successfully decreased the rate of declined loans by 20%.
- Reorganized underwriters into product-specific teams for better efficiency and accuracy; achieved an 8% increase in total approvals within 6 months.
- Presented weekly progress reports to senior management outlining current trends, issues and opportunities across all products; identified $500K+ worth of potential revenue growth opportunities annually.
- Substantially increased customer satisfaction levels by 35%, due to improved turnaround times on average loan requests by 15 days or more depending on complexity.
- Researched and analyzed credit risk of potential borrowers and loan applicants, approving or denying applications within established underwriting guidelines; reduced default rate by 10%.
- Spearheaded the implementation of a new online underwriting system that streamlined processes and improved accuracy from 79% to 95%, resulting in cost savings of $25K per quarter.
- Demonstrated exemplary customer service skills when interacting with clients via telephone, email and face-to-face meetings, addressing all inquiries promptly and professionally.
- Advised senior management on best practices for business development strategies related to improving portfolio quality while increasing profitability; increased volume of approved loans by 15%.
- Competently trained junior staff members on proper evaluation techniques as well as review methods for submitted documentation prior to issuing loan decisions, ensuring compliance with industry regulations at all times.
- Formulated underwriting strategies and policies to assess risk factors, minimize losses, and maximize productivity; developed series of rules that resulted in a 20% decrease in operating costs.
- Prepared detailed reports on market conditions, customer trends and competitor activities to ensure compliance with the latest regulations; provided analysis for over 300 loan applications monthly.
- Consistently achieved high levels of accuracy when evaluating financial documents such as tax returns & credit scores for potential borrowers; reduced errors by 15%.
- Assessed outstanding debts from previous loans and payments made by clients on a regular basis to determine eligibility requirements for new applicants; identified $5K worth of fraudulent transactions annually.
- Streamlined internal processes related to loan origination, closing contracts & document management using automated software tools; increased operational efficiency by 35%.
3. Skills
Skill requirements will differ from employer to employer – this can easily be determined via the job advert. Organization ABC may be looking for someone with experience in underwriting commercial insurance, while Organization XYZ may require the candidate to have knowledge of both personal and commercial lines.
It is important to tailor your skills section accordingly as many employers use applicant tracking systems (ATS) which scan resumes for certain keywords before passing them on to a human.
You should not only list relevant skills here but also explain how you used those abilities in previous roles or projects; this will give potential employers an idea of what kind of value they can expect from you if hired.
Below is a list of common skills & terms:
- Account Management
- Analysis
- Banking
- Brokers
- Casualty
- Casualty Insurance
- Claim
- Claims Management
- Commercial Insurance
- Commercial Lines
- Consumer Lending
- Credit
- Credit Analysis
- Credit Risk
- D&O
- Employee Benefits
- Employment Practices Liability
- Excess
- FHA
- FHA Financing
- Finance
- Financial Analysis
- Financial Risk
- Financial Services
- General Insurance
- Health Insurance
- Inland Marine
- Insurance
- Investment Properties
- Legal Liability
- Liability
- Life Insurance
- Loan Origination
- Loans
- Mortgage Banking
- Mortgage Lending
- Mortgage Underwriting
- Portfolio Management
- Process Improvement
- Professional Liability
- Property and Casualty Insurance
- Real Estate
- Refinance
- Reinsurance
- Residential Mortgages
- Risk Management
- Team Leadership
- USDA
- Umbrella Insurance
- Underwriting
- VA Loans
- Workers Compensation
4. Education
Mentioning an education section on your resume will depend on how far along you are in your career. If you recently graduated and don’t have much work experience, include it below your resume objective. However, if you have been working as an underwriting manager for years with plenty of responsibilities to showcase, omitting the education section is perfectly acceptable.
If including a separate education section, try to mention courses relevant to the role such as business management or finance that demonstrate your knowledge of the industry.
Bachelor’s Degree in Business Administration
Educational Institution XYZ
Nov 2011
5. Certifications
Certifications demonstrate to potential employers that you have the necessary knowledge and skills for a particular job. Having certifications in your field of expertise can help set you apart from other applicants, as it shows that you are committed to staying up-to-date with industry standards.
Include any relevant certifications on your resume when applying for jobs so hiring managers know what qualifications and experience you possess. This will give them an idea of how well suited you are for the role they’re looking to fill.
Chartered Property Casualty Underwriter (CPCU)
The
May 2017
6. Contact Info
Your name should be the first thing a reader sees when viewing your resume, so ensure its positioning is prominent. Your phone number should be written in the most commonly used format in your country/city/state, and your email address should be professional.
You can also choose to include a link to your LinkedIn profile, personal website, or other online platforms relevant to your industry.
Finally, name your resume file appropriately to help hiring managers; for Monique Littel, this would be Monique-Littel-resume.pdf or Monique-Littel-resume.docx.
7. Cover Letter
Providing a cover letter with your job application is a great way to make yourself stand out from the competition. These letters are usually made up of 2-4 paragraphs, and provide recruiters with more information about who you are and why you would be an excellent fit for the role.
Cover letters give you an opportunity to explain what makes you unique as a professional, highlight any relevant experience or skills that weren’t included in your resume and demonstrate how passionate you are about the position. Whilst they may not always be required by employers, submitting one can help increase your chances of being considered for the job!
Below is an example cover letter:
Dear Alba,
I am interested in applying for the Underwriting Manager position at Acme Insurance. As an underwriting professional with more than 10 years of experience leading teams and developing new business, I am confident I can make a significant contribution to your organization.
In my current role as Assistant Vice President of Underwriting at XYZ Insurance, I manage a team of 15 underwriters responsible for commercial lines business in six states. I have successfully developed and implemented strategies that have increased production by 20% while reducing costs by 10%. In addition, I have played a key role in expanding our operations into new markets through the successful launch of three greenfield offices.
I am a problem solver who is not afraid to take on challenging projects. For example, when our company was struggling to meet profit goals due to poor loss ratios, I led a comprehensive review of our underwriting guidelines and processes. As a result of this effort, we were able to identify and correct several issues that had been contributing to losses, resulting in an immediate improvement in profitability.
I possess excellent communication and interpersonal skills that enable me to build strong relationships with internal and external stakeholders alike. My ability to effectively collaborate with others has been critical to my success in achieving objectives and driving results.
I would welcome the opportunity discuss how my skills and experience could benefit Acme Insurance as your next Underwriting Manager. Thank you for your time and consideration; please do not hesitate to contact me if you have any questions or need additional information about my qualifications.
Sincerely,
Monique