Underwriting Jobs in Algonquin, IL
An Underwriter in the insurance industry is responsible for assessing risk and eligibility of potential clients. They play a key role by examining insurance applications and determining whether to provide insurance, and under what terms. Insurance underwriters use software to help analyze information and make decisions. They are essentially the ones who decide if an insurance company should take on a potential policyholder and how much premium to charge for taking on risk. This decision is made based on the potential client's risk profile, which is evaluated using technical data and statistical models.
Important skills for an insurance Underwriter include analytical skills, decision-making abilities, attention to detail, and good judgment. They must be able to process complex information and make sound decisions. To increase their competency and credibility in the industry, Underwriters can pursue professional certifications such as Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (ACU), or Associate in Personal Insurance (API). Prior to becoming an underwriter, individuals may have roles such as Insurance Agent, Claims Adjuster, or Risk Analyst. These roles provide valuable exposure and experience in the field of insurance which can be helpful in understanding the fundamentals of risk evaluation.
Business Banking Underwriter III - Practice Finance
- Rosemont, IL (23 miles from Algonquin, IL)
- 3 days ago
- Rosemont, IL (23 miles from Algonquin, IL)
- 3 days ago
field Proven track record to support high levels of loan volume Ability to underwrite credit exposures in excess of $2.5MM Previous authority to underwrite and decision credits without additional signers...
Remote Work- Rolling Meadows, IL (15 miles from Algonquin, IL)
- 5 days ago
- Rolling Meadows, IL (15 miles from Algonquin, IL)
- 5 days ago
Has frequent contact with field to gather information on which to base and defend underwriting decisions. Does not have any assigned Production goals....
- Itasca, IL (19 miles from Algonquin, IL)
- 7 days ago
- Itasca, IL (19 miles from Algonquin, IL)
- 7 days ago
Research underwriting issues and marketplace conditions and report to underwriting and marketing team to maintain competitive edge and industry awareness....
Specialty Lines Underwriting Officer
- Schaumburg, IL (14 miles from Algonquin, IL)
- 11 days ago
- Schaumburg, IL (14 miles from Algonquin, IL)
- 11 days ago
Basic Qualifications: Bachelors Degree and 12 or more years of experience in the Property & Casualty Commercial Insurance Industry AND Supervisory or management experience Specialty lines of business...
Middle Market Senior Underwriter- IL Territory
- Saint Charles, IL (15 miles from Algonquin, IL)
- 12 days ago
- Saint Charles, IL (15 miles from Algonquin, IL)
- 12 days ago
Job Responsibilities Manages the underwriting profitability growth and retention of new and renewal business that is consistent with underwriting strategies....
Executive Underwriter, Casualty
- Hoffman Estates, IL (7 miles from Algonquin, IL)
- 13 days ago
- Hoffman Estates, IL (7 miles from Algonquin, IL)
- 13 days ago
Responsibilities: Underwrite profitable new and renewal business to meet Umbrella/Excess Liability portfolio targets in accordance with underwriting guidelines and underwriting authority....
Insurance Underwriter (Hybrid)
- Lake Forest, IL (23 miles from Algonquin, IL)
- 23 days ago
- Lake Forest, IL (23 miles from Algonquin, IL)
- 23 days ago
Responsible for underwriting applications by evaluating and selecting risks in accordance with established underwriting guidelines, standards of quality, quantity, and Federal/State legislation....
Commercial Underwriter II/III C&I
- McHenry, IL (13 miles from Algonquin, IL)
- 26 days ago
- McHenry, IL (13 miles from Algonquin, IL)
- 26 days ago
Key Accountabilities Underwrite Loans Underwrite credit requests focusing on appropriate due diligence, risk assessment and asset quality ratings (AQR) Meet quality standards as outlined in ONB underwriting...
MRSGM NA Underwriting Assistant, Terrorism
- Schaumburg, IL (14 miles from Algonquin, IL)
- 30+ days ago
- Schaumburg, IL (14 miles from Algonquin, IL)
- 30+ days ago
Accurately issue quotes, binders, policy wordings and endorsements for underwriting review and approval....
Senior Credit Underwriter - Distribution Finance
- Schaumburg, IL (14 miles from Algonquin, IL)
- 30+ days ago
- Schaumburg, IL (14 miles from Algonquin, IL)
- 30+ days ago
Duties and Responsibilities: Underwrite high quality credit narratives in support of new and existing loans....
Remote WorkInsurance Underwriter Real Estate Investor P&C
- Elgin, IL (10 miles from Algonquin, IL)
- 30+ days ago
- Elgin, IL (10 miles from Algonquin, IL)
- 30+ days ago
Hotels Motels Apartment Buildings Boarding Houses Mobile Home Parks Student Housing General Liability Property Casualty E&S Excess Surplus Workers Compensation Employment Practices Errors & Omissions...
Remote WorkLower Middle Market Underwriter
- Schaumburg, IL (14 miles from Algonquin, IL)
- 30+ days ago
- Schaumburg, IL (14 miles from Algonquin, IL)
- 30+ days ago
This individual reports into a Commercial Insurance branch office and matrixes into a regional LMM underwriting team....
- Hoffman Estates, IL (7 miles from Algonquin, IL)
- 30+ days ago
- Hoffman Estates, IL (7 miles from Algonquin, IL)
- 30+ days ago
An Amwins Company Underwriting Analyst: Underwriting Analysts are a critical component of support for our underwriting functions and staff....
Business Banking Underwriter II
- Rosemont, IL (23 miles from Algonquin, IL)
- 30+ days ago
- Rosemont, IL (23 miles from Algonquin, IL)
- 30+ days ago
Description Summary: The Business Banking Underwriter II is responsible for underwriting Business Banking loans to determine credit worthiness and compliance with Bank lending policy....
Remote WorkMiddle Market Sr Sales Underwriting Specialist
- Itasca, IL (19 miles from Algonquin, IL)
- 45+ days ago
- Itasca, IL (19 miles from Algonquin, IL)
- 45+ days ago
Uses all appropriate underwriting tools (e.g. RQI, WC RST, UWWS, and CLAY.), disciplines and knowledge of strategies to ensure underwriting guidelines are followed....
Demographic Data for Algonquin, IL
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Underwriting Online Courses and Training Opportunities
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Salary for Underwriting Jobs in Algonquin, IL
Required or preferred licenses and certifications for Underwriting positions.
Highest Education Level
Underwritings in Algonquin, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Underwriting position
- Credit Analysis
- Credit Underwriting
- Lending
- Cash Flow Analysis
- FHLMC
- Federal National Morgage Association
- Loan Documentation
- Jumbo Loans
- General Liability
- Personal Lines
- Property and Casualty Insurance
- Insurance Underwriting
- Professional Liability
- Umbrella Insurance
- Commercial Insurance
- Property Insurance
- Loss Control
- Premium Audit
- Mortgage Underwriting
- Agency Management
- Employee Benefits
- Underwriting
- Balance Sheets
- Claims
- Financial Statements
- Mortgage Processing
- Workers' Compensation
- Appraisal
- File Management
- Goal Oriented
- Financial Analysis
- Reimbursement
- Referrals
- Risk Management
- Relationship Management
- Decision Making
- Finance
- Analytical Skills
- Accounting
- Retail
- Auditing
- High School Diploma
- Negotiation
- Written Communication
- Policy Administration
- Presentation
- Mentoring
- Flexibility
- Collaboration
- Coaching
- Documentation
- Bachelor's Degree
- Reporting
- Filing
- Policy Development
- Sales
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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