Remote Underwriting Specialist

Placements24; United States; Remote; USD 75,000 - 120,000; Full time

Benefits offered by this job

Remote work environment

Home office stipend

Flexible schedule

Professional development opportunities

Comprehensive benefits

Job summary

Placements24 seeks a highly skilled Remote Underwriting Specialist to join a fully remote team. You will assess risks, apply guidelines, and determine coverage eligibility across insurance lines.

The role requires 4+ years in underwriting, strong analytical abilities, and the ability to work independently while maintaining regulatory compliance. A dedicated home office and reliable internet are required.

Qualifications

• Minimum 4 years of insurance underwriting experience with risk assessment.
• Proficiency in underwriting principles for at least one major line.
• Strong analytical, critical thinking and problem-solving abilities.
• Excellent attention to detail and data accuracy.

Responsibilities

• Review applications to assess risks and determine eligibility.
• Apply underwriting guidelines and regulatory requirements.
• Gather data from financial reports, medical histories, and inspections.
• Calculate premiums and establish terms.
• Communicate decisions with agents, brokers, and stakeholders.
• Maintain underwriting files and stay current on trends.

Skills

Analytical thinking

Attention to detail

Communication skills

Risk assessment

Education

Bachelor's in Finance/Business

FLMI/ACS designation

Tools

Underwriting software

Insurance databases

MS Office

Job description

About the Role

Our client, a rapidly growing insurance firm, is seeking a highly skilled and detail-oriented Remote Underwriting Specialist to join their fully remote team. This position is vital for assessing risks and determining coverage eligibility for various insurance policies. You will work independently, leveraging your analytical expertise to evaluate applications, analyze data, and make informed underwriting decisions. The ideal candidate possesses a strong understanding of risk assessment principles, underwriting guidelines, and regulatory compliance. This is an excellent opportunity for an experienced underwriter to contribute to a forward-thinking company that embraces a remote-first work culture, offering significant autonomy and the chance to impact business growth. You will be a key player in ensuring profitable growth and maintaining the integrity of our insurance products nationwide.

Key Responsibilities

• Review and analyze insurance applications to assess risks and determine eligibility for coverage.
• Apply underwriting guidelines, company policies, and regulatory requirements to make sound underwriting decisions.
• Gather and interpret relevant data, including financial reports, medical histories, and property inspections, to evaluate risk factors.
• Calculate premiums and establish appropriate coverage terms and conditions.
• Communicate effectively with agents, brokers, and internal stakeholders regarding underwriting decisions and requirements.
• Identify and mitigate potential risks, recommending appropriate risk control measures.
• Maintain accurate and up-to-date underwriting files and documentation.
• Stay abreast of industry trends, market changes, and emerging risks.
• Collaborate with the underwriting team to share knowledge and best practices.
• Assist in the training and development of junior underwriting staff as needed.

Requirements

• A minimum of 4 years of experience in insurance underwriting, with a strong understanding of risk assessment.
• Proficiency in underwriting principles and practices for at least one major insurance line (e.g., property, casualty, life, health).
• Excellent analytical, critical thinking, and problem-solving skills.
• Strong attention to detail and accuracy in data analysis and decision-making.
• Effective written and verbal communication skills, with the ability to explain complex information clearly.
• Proficiency with underwriting software, insurance databases, and standard office applications.
• Ability to work independently, manage a high volume of applications, and meet deadlines.
• Relevant professional designations (e.g., FLMI, ACS) are highly advantageous.
• A bachelor's degree in Finance, Business, or a related field is preferred.
• Must have a dedicated home office space with reliable high-speed internet access.

Benefits

• Competitive salary and potential for performance-based incentives.
• Comprehensive benefits package including medical, dental, and vision insurance.
• Generous paid time off and holiday leave.
• Retirement savings plan with employer matching.
• Opportunities for professional development, certifications, and continued learning.
• Flexible work schedule supporting a healthy work-life balance.
• Home office stipend for setup and ongoing expenses.
• Access to cutting-edge underwriting tools and technology.
• A collaborative and supportive remote team environment.
• Engage in challenging and rewarding underwriting work without the commute.