More insurance underwriters and their assistants are using automated software, which negatively impacts demand for their services. It does forecast job opportunities for insurance underwriters, which will only grow 6 percent in the next decade -- slower than average compared to most occupations.
They hire underwriting assistants to help them analyze information on insurance applications, screen clients based on company criteria, and evaluate recommendations with underwriting computer software.
Assist business development of new business opportunities with sales and marketing efforts. They may work in a variety of fields, such as bank underwriting, insurance underwriting, and real estate underwriting. Assist in the development and monitoring of premium rates.
Enter, underwriting assistant salary ukraine and maintain accurate records of new policies and renewals. Employers typically prefer at least five years of relevant experience for this position; many also prefer knowledge of the particular type of underwriting performed at the hiring organization.
An underwriting assistant may also qualify for a job by getting certified as an Associate in Consumer Underwriting or Associate in Personal Insurance through the Insurance Institute of America.
Bureau of Labor Statistics. All employees and self-employed workers must be insured in because of federal regulation, which should produce more jobs for underwriting assistants.
Other key qualifications include an attention to detail and analytical, decision-making, communication, customer service and math skills. Assistant underwriters typically work as a subordinate to an underwriter and work in an office environment during regular business hours, although travel may occasionally be required for risk assessment.
Salary by Region Inaverage salaries for underwriting assistants varied significantly within certain U. They may qualify for higher-paying jobs once they have two to five years of experience assisting underwriters. These professionals may also earn more in certain industries.
A high school education can suffice in this job, but the candidate must usually have two or more years of industry experience. An Underwriting assistant may also earn more working for local government.
Assistant underwriters should have extensive knowledge in the financial and credit industries, as well as regulations and laws related to banking, investment, and insurance.
Additionally, they must be well organized, pay close attention to detail, skilled at multitasking, and efficient. These professionals usually work for insurance and benefits companies, or local government agencies.
These are the requirements of underwriters -- a position in which many assistants will eventually get promoted. In, people were employed in the U. Contributing Factors Underwriting assistants usually earn higher salaries as they gain experience.Underwriting Assistant jobs and careers on totaljobs.
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Including requirements, responsibilities, statistics, industries, similar jobs and job openings for Underwriting Assistant. Toggle navigation. Demo. Home; Personal Underwriting Operations Support Coordinator, Underwriting Team Support Assistant: Requirements and Responsibilities Find out what you should earn with a customized salary.
Salary for Underwriting Assistant in Odessa, TX. How much does a Underwriting Assistant earn in Odessa, TX? The average Underwriting Assistant salary in Odessa, TX is $42, as of September 01,but the range typically falls between $36, and $48, Underwriting Assistant salaries United States View jobs The average salary for the role of Underwriting Assistant is in United States is $45, This salary is based on salaries submitted.
An Underwriting Assistant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $41, based on salaries.
An experienced Underwriting Assistant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of.
How much does a Underwriting Assistant make in California? California Underwriting Assistant salaries vary greatly from town to town.
See below for Underwriting Assistant salaries, bonus and benefits information for 79 cities in the California area.Download