Commerical Insurance Underwriter

Welcome to Ally Financial! We are currently seeking a talented and experienced Commercial Insurance Underwriter to join our dynamic team. As an industry leader in financial services, we are dedicated to providing our clients with top-notch insurance solutions. In this role, you will use your expertise to assess and evaluate risks, analyze data, and make sound underwriting decisions. If you are a driven and detail-oriented professional with a passion for the insurance industry, we would love to hear from you. Join us and be a part of our mission to protect and empower our clients.

1. Evaluate and assess insurance risks: Conduct thorough analysis of insurance applications, policies, and supporting documents to accurately determine the level of risk involved.
2. Utilize industry knowledge: Stay updated on industry trends, regulations, and best practices to make informed underwriting decisions.
3. Analyze data: Review and analyze data to identify potential risks and determine appropriate coverage and premiums.
4. Make underwriting decisions: Use your expertise and knowledge to make sound underwriting decisions that align with company policies and guidelines.
5. Communicate with clients: Work closely with clients to gather necessary information and provide guidance on insurance coverage options.
6. Collaborate with team members: Work collaboratively with other members of the underwriting team to ensure consistency and accuracy in decision-making.
7. Maintain accurate records: Keep detailed and organized records of all underwriting decisions and related documents.
8. Provide exceptional customer service: Respond promptly and professionally to client inquiries and concerns, providing excellent customer service.
9. Stay compliant: Ensure all underwriting practices and decisions are in compliance with industry regulations and company policies.
10. Continuously improve processes: Identify opportunities for process improvement and actively participate in implementing changes to increase efficiency and accuracy.
11. Stay organized: Manage a high volume of underwriting tasks while maintaining attention to detail and meeting deadlines.
12. Contribute to team goals: Collaborate with team members to achieve department and company goals related to growth and profitability.

According to JobzMall, the average salary range for a Commerical Insurance Underwriter in Detroit, MI, USA is approximately $60,000 to $80,000 per year. This can vary depending on factors such as experience, education, and the specific company and industry the underwriter works for. With more experience and advanced certifications, underwriters may earn higher salaries. Additionally, those working in industries with higher risk or larger companies may also earn higher salaries.

Ally Financial provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.