Underwriting Specialist

YINSHAN LENDING INC; Makati; On-site; PHP 279,000 - 390,600; Full time

Job summary

A financial services company is seeking an Underwriting Specialist to evaluate and assess risks associated with insurance policies and loans. The role involves analyzing applications, making informed underwriting decisions, and ensuring compliance with regulations. Ideal candidates should possess a High School diploma, with a preference for a college degree, and demonstrate proficiency in credit underwriting and financial analysis. This full-time position is suitable for entry-level applicants with strong attention to detail and communication skills.

Qualifications

• Entry-level position requiring less than 1 year of experience, preferably in financial services.
• Proficiency in credit underwriting and risk assessment is essential.
• Strong communication skills and ethical judgment are necessary.

Responsibilities

• Review loan applications and assess creditworthiness.
• Prepare detailed reports of underwriting decisions.
• Communicate with clients to clarify discrepancies.

Skills

Credit underwriting

Risk assessment

Financial analysis

Attention to detail

Decision-making

Education

High/Senior High School degree

College degree preferred

Job description

The Underwriting Specialist will be responsible for evaluating and assessing risks associated with insurance policies, loans, or other financial products. This role requires analyzing data, reviewing applications, and making informed decisions to determine the level of risk and appropriate terms for clients.

Risk Assessment

Analyze and evaluate insurance applications, loan applications, or financial product proposals to determine the risk involved.

Policy Evaluation

Review client information, such as credit scores, financial statements, and other relevant documents, to assess the level of risk.

Decision Making

Make underwriting decisions based on established guidelines and standards, ensuring a balanced approach between risk and profitability.

Responsibilities and Duties

Review loan applications, assess creditworthiness, ensure compliance with regulations, liaise with applicants, and recommend loan approval or denial.

Documentation

Prepare detailed reports and documentation outlining the underwriting decisions, including justifications and recommendations.

Compliance

Ensure that all underwriting decisions comply with legal and regulatory requirements.

Client Interaction

Communicate with clients, agents, or brokers to gather additional information or clarify discrepancies in applications.

Continuous Improvement

Stay updated with industry trends, regulatory changes, and best practices in underwriting to improve decision-making processes.

Collaboration

Work closely with other departments, such as Claims, Legal, and Sales, to ensure a comprehensive understanding of client needs and risk factors.

Data Analysis

Utilize underwriting software and tools to analyze data and make informed decisions.

Educational Qualifications

Minimum of a High/Senior High School degree; College degree preferred.

Experience Level

Entry-level, less than 1 year required, preferably in financial services.

Skills and Competencies

Proficient in credit underwriting, risk assessment, financial analysis, attention to detail, and decision-making.

Working Conditions

Office environment, standard business hours, may require overtime during peak periods.

Qualities and Traits

Analytical thinker, ethical judgment, excellent communication skills, and the ability to work under pressure.

Job Type

Full-time