Commercial Underwriter Resume Samples

The job of a Commercial Underwriter is to take charge of writing insurance policies for non-residential real estate properties. The job description and duties listed on the Commercial Underwriter Resume include the following – processing long requests from clients, structuring payment agreements, verifying paperwork, performing credit analysis, identifying potential risks, managing credit requests, structuring credit agreements, creating summary reports, and following financial policies and regulations as set forth by the industry.

Financial companies hire those possessing these skills – customer service orientation, excellent problem-solving skills, high attention to detail, and time management skills. In addition, personnel management skills, computing skills, the ability to use financial analysis and document management software is also needed. There are no pre-set educational requirements; however, most employers want the job applicants to have at least a bachelor’s degree in business, or finance or mathematics.

Commercial Underwriter Resume example

Commercial Underwriter Resume

Summary : To carve a challenging career path with a strong and stable company, where terse communication skills and commercial lending experience will contribute to the growth and prosperity of the organization.

Skills : Microsoft.

Description :

    1. Responsible for underwriting large size Business and Community Banking loan transactions with a minimum of $1.5mm in total bank credit exposure while ensuring compliance with regulatory guidelines, bank and credit policies.
    2. Completes Moody's and Individual Risk Rating analysis based on cash flow, guarantor/business liquidity, and leverage.
    3. Underwrites commercial business, SBA, and other types of loans with an emphasis on evaluating industry risks, purpose, collateral worthiness, and pricing.
    4. Structures commercial loan transactions based on industry risks, collateral, and loan types while documenting any deviations from standard bank structures with appropriate mitigating factors.
    5. Prepares loan memorandums, term sheets, and commitment letters.
    6. Manages a commercial loan portfolio which includes conducting reviews of existing relationships, prepares covenant recommendations to minimize risk, file maintenance, renewal of maturing loans, and cross-selling of other bank products and services within approved lending authority.
    7. Prepare financial and industry analysis spread sheets, reports, and summaries.
    8. Researches and examines credit risks, assess credit history to determine the creditworthiness of existing and potential bank customers.
Years of Experience
Experience
7-10 Years
Experience Level
Level
Management
Education
Education
Banking


Sr. Commercial Underwriter Resume

Headline : Experienced Lending Professional in loan processing, underwriting, due diligence and investigations, closing and loan documentation seeking lending position in a fast-paced environment.

Skills : Mac Proficient, Microsoft Office Suite.

Description :

    1. Underwrote and analyzed commercial loan applications, assessed creditworthiness of borrowers, principals and guarantors to make sound lending decisions in a timely manner.
    2. Conducted financial and credit analysis and wrote credit memorandum for new loans and renewals, extension and modifications, assessed loan strengths and weaknesses with risk-mitigating factors.
    3. Underwrote various types of income-producing properties such as multifamily, mixed-use, retail shopping centers.
    4. Performed collateral property site visits and inspections with loan officers and photograph properties.
    5. Reviewed third party reports and legal documents such as appraisals, environmental reports, commitment letters, mortgages, notes, general security agreements, guarantees, etc.
    6. Reviewed and analyzed financial statements, income tax returns, credit reports, bank statements, commercial and residential leases, rent rolls and property operating statements.
    7. Prepared financial models, cash flow analysis and pro-forma, trend analysis, global cash flow analysis, stress testing.
Years of Experience
Experience
5-7 Years
Experience Level
Level
Executive
Education
Education
Finance


Jr. Commercial Underwriter Resume

Objective : Assist the organization to achieve goals, maintain heavy workload, willingly undertake projects administered from management, Offer quality performance combined with a strong administrative and underwriting background.

Skills : Microsoft Office, Risk Management.

Description :

    1. Managed $1.5 million renewal book of business, worked closely with agents in assigned territories and wrote new policies to round accounts.
    2. Generated detailed reports and presented results at monthly meetings.
    3. Built and maintained relationships with internal and external customers.
    4. Fulfilled and maintained business objectives including 85% retention of renewal business and achieved targeted results.
    5. Established networking, negotiating, strong relationships with customers, and exceptional customer service.
    6. Obtained further underwriting and customer service experience in the insurance industry while working in a strong team environment.
    7. Skills Used Planning and Implementation, Teamwork and Collaboration, Problem Solving, Written and Verbal Communication, Organization and Prioritization, Decision Making, Integrity, and Strong Work Ethic, Assessment and Evaluation, Observation and Documentation, Account Management, and Rapport and Trust Building.
Years of Experience
Experience
2-5 Years
Experience Level
Level
Junior
Education
Education
Bachelor Of Arts

Commercial Underwriter III Resume

Objective : Highly analytical, deadline-driven Insurance Professional with documented record meeting or exceeding goals in Underwriting, Loss Control-Risk Management, and Claims in a highly competitive environment.

Skills : Microsoft Office, Customer Service, Underwriting, Underwriting, Claims, Loss Control.

Description :

    1. Incorporated the acceptance of new risks and the cancelation and declination of sub-standard risks.
    2. Utilized reference materials to decrease policy value with substandard risks and apply applicable endorsements to ensure profitable distribution of risks.
    3. Reviewed loss runs and calculated loss ratios to help determine eligibility.
    4. Successful track record including new business production, renewal retention, and territorial analysis that include account/risk management.
    5. Analyzed new business applications to ensure all policy documentation is in place.
    6. Assisted agents in growing a profitable book of business while providing elite customer relations.
    7. Reviewed individual applications for insurance Examined individual's various documents to determine the degree of risk involved.
Years of Experience
Experience
2-5 Years
Experience Level
Level
Junior
Education
Education
Criminal Justice

Commercial Underwriter II Resume

Summary : Meticulous financial analyst that undertakes complex assignments in a high pressure, time sensitive environment. Possess more than four years of professional experience in both client-facing and back office roles.

Skills : Financial Modeling, Financial Analysis, Credit Analysis, Credit, Finance, Risk Management, Financial Statements.

Description :

    1. Assess credit risk of middle market firms with annual revenues in excess of $5M and aggregate credit exposure in excess of $3M.
    2. Evaluate and underwrite aggregate credit requests in excess of $15M.
    3. Establish and determine enterprise value and present value of operations using Discounted Cash Flow analysis, and Going Concern EBITDA multiples.
    4. Perform in-depth financial analysis to evaluate working capital components, capital expenditures, and adjust free cash flow to determine debt servicing capability.
    5. Create pro-forma financial statements and projections based on current operating metrics and ratios to determine affect of additional credit facilities and changes in leverage.
    6. Adjust balance sheet to assess impact of capitalized operating leases.
    7. Review and analyze independent business valuation proposals and appraisals.
    8. Lead participant bank underwriter for $27M syndication request.
Years of Experience
Experience
7-10 Years
Experience Level
Level
Management
Education
Education
BBA In Finance

Commercial Underwriter I Resume

Objective : Results-oriented Commercial Underwriter successful at binding accounts and analyzing market trends to increase revenue and meet organizations goals.

Skills : Microsoft office, customer Service, underwriting, underwriting, claims, loss control.

Description :

    1. Manage a portfolio of business such as habitation's, restaurants, construction, garage keepers, lessor's risk, wholesale, manufacturing, services within an assigned territory by monitoring risk selection, quality of business, risk classification, pricing compliance and premium production by assigned agents.
    2. Develop and maintain a productive long-term agency/broker relationship.
    3. Markets in selling and promoting the company's package products to assigned agents/brokers.
    4. Complete documentation and management of all accounts assigned.
    5. Keep abreast of market trends, competitors' philosophy, products, and distributions systems.
    6. Manage cancellations, endorsements, premium audit requests, loss control measures, collections, and other underwriting related processes to meet or exceed the underwriting and operational standards.
    7. Determines and identifies accounts that's needed for reinsurance.
Years of Experience
Experience
2-5 Years
Experience Level
Level
Junior
Education
Education
BBA In Business

Lead Commercial Underwriter Resume

Objective : Associate Account Executive with twenty plus years of Commercial Insurance. Proven abilities to appraise and recommend submissions for acceptance or referral for Commercial Lines of Insurance.

Skills : Microsoft Excel, Financial Modeling.

Description :

    1. Completed credit memorandums for new loans, syndications, and renewals submitted directly to the Chief Credit Officer and Loan Committee for approval.
    2. Underwriting experience includes construction and permanent financing for CRE, loans to C&I borrowers, facilities to Home Builders, loans to Non-Profits, and loans to consumers.
    3. CRE included retail, multi-family, business offices, warehouse and other industrial, and flex properties.
    4. Coordinated and facilitated the appraisal ordering and review process.
    5. Skills developed include financial statement analysis, constructing projections, rent roll analysis, refinance gap scenarios, market/sub-market analysis, and guarantor analysis.
    6. Attended regular off-site conferences to view presentations and stay up to date on the prevailing conditions and environment for the DFW housing market.
    7. Completed Ad Hoc projects for management as needed.
Years of Experience
Experience
2-5 Years
Experience Level
Level
Junior
Education
Education
Finance

Asst. Commercial Underwriter Resume

Headline : High performing business professional with over 14 years in the insurance industry with a diverse background in both personal lines claims and commercial underwriting portfolio management skills.

Skills : Microsoft office.

Description :

    1. Underwrote a full range of commercial products for over 200 captive agents in the New Jersey market.
    2. Underwrote 100 policies and re-underwrote 25 policies per week on average.
    3. Reviewed competitor declaration pages with agents to determine eligibility, coverage needs, identify gaps and provide competitive quotes.
    4. Identified multi-line opportunities through application submissions and assisted agents in pivoting to additional products which increased my multi-lining rate by 12% among target agents.
    5. Compiled and analyzed reports by line of business to determine growth and profitability trends in order to formulate and apply action plans to utilize areas of strength and address areas of concern.
    6. Communicated underwriting decisions with agents and customers in both verbal and written form.
    7. Kept informed of all relevant NJ DOBI guidelines when making underwriting decisions.
Years of Experience
Experience
5-7 Years
Experience Level
Level
Executive
Education
Education
Business Administration

Associate Commercial Underwriter Resume

Summary : Substantial experience in financial analysis and portfolio management. Expertise in credit evaluation, risk assessment, account management and customer service. Proven ability to manage people and projects to achieve desired results.

Skills : Microsoft Office programs.

Description :

    1. Analyze, evaluate and present findings in the review of credit facilities via financial statements, operational performance and proformas.
    2. Prepare appropriate credit presentation outlining the relevant details of proposed transactions and recommendations.
    3. Work closely with all levels of ownership, management, CPAs and attorneys to review, restructure and ensure collateral is properly secured to maximize asset growth and minimize risk exposure.
    4. Managed portfolio of 150 accounts totaling $200MM in outstandings to maintain zero past due annual reviews, conditions, and financial statements.
    5. Trained and educated 2 new credit employees in all aspects of our credit review process.
    6. Developed a review process checklist, resulting in reduced review cycle time of 45 hours each year.
    7. Exceeded standard requirements for evaluation of overline requests and competitor buyouts.
Years of Experience
Experience
10+ Years
Experience Level
Level
Senior
Education
Education
Business Management

Commercial Underwriter/Consultant Resume

Summary : Highly qualified Commercial Underwriter with experience in the industry. Enjoy creative problem solving and getting exposure on multiple projects, and the collaborative environment on which your company prides itself.

Skills : Typing 60+ WPM, Wordperfect, Legal Terminology, Insurance, Finance, Written Communication, Conflict Resolution, Microsoft Office, People Person, Phones, Research.

Description :

    1. Wrote new business and managed renewals involving property, liability, auto and umbrella for commercial accounts, specializing in auto repair and service business unit.
    2. Educated agents on types of accounts desired to target, providing any marketing assistance needed to write new business.
    3. Gathered and prioritized necessary information to make sound underwriting decisions.
    4. Handled accounts across many states including OK, KS, MO, and CT.
    5. Trained raters on general insurance concepts and practices.
    6. Responsible for pricing and rating accounts within the assigned territory, in alignment with management goals.
    7. Volunteered and wrote articles for underwriting newsletters while serving as a member of a pilot team tasked with implementing changes to facilitate more efficient and cost-effective processes.
Years of Experience
Experience
10+ Years
Experience Level
Level
Senior
Education
Education
MBA

Commercial Underwriter/Manager Resume

Headline : Risk, Audit and Credit professional with 10+ years of experience in an Educational, Mortgage, Automotive and Commercial background. Strong background in team, individual, training and leadership environment.

Skills : Banking, Accounting.

Description :

    1. Review all financial aspects of borrowers, guarantors and business assets, strengths and weaknesses.
    2. Worked closely with Loan Officers to assess credit opportunities and identify business venture in question.
    3. Travel onsite to proposed investment to inspect property, take pictures, identify local competition and address upgrades.
    4. Spread borrowers and guarantor's financial statements and prepared detailed credit memo packages.
    5. Prepare and present risk review packages to the board for final approval and explain rationale.
    6. Work closely with borrowers, appraisers, inspectors, and senior loan officers to close loans in a timely manner.
    7. Perform annual credit reviews on current customers to project current and future cash flow issues.
    8. Manually reviewed 1-2 loans per day on average.
Years of Experience
Experience
5-7 Years
Experience Level
Level
Executive
Education
Education
Business Administration

Asst. Commercial Underwriter Resume

Headline : Dedicated professional focused on exceeding company and individual goals. Skilled to excel in a fast-paced work environment. Complex problem solver Self-motivated Customer advocate Team-player.

Skills : MS Office, MS Excel.

Description :

    1. Promote policy retention through high-quality service and follow through.
    2. Follow up and obtain necessary documents to complete underwriting files.
    3. Placed Facultative Property Reinsurance on accounts that were subject.
    4. Rated applying for appropriate debits/credits.
    5. Released new business, renewal and endorsement quotes within acceptable time-frame.
    6. Ensure quality and profitability through the application of the appropriate level of underwriting analysis based on risk complexity.
    7. Develop relationships and assist Agents in introducing new concepts and target markets to their book of business.
    8. Adapt to consistent change by applying state-specific rules and regulations while simultaneously transitioning to an enterprise-wide standard operating procedure.
Years of Experience
Experience
5-7 Years
Experience Level
Level
Executive
Education
Education
BS