Underwriting assistants are entry-level professionals working in insurance. They perform administrative tasks related to insurance claims such as collecting information on clients, answering questions, and assisting the work of underwriters.
They analyze applications and make sure clients applying for insurance meet the necessary requirements. They keep track of the documentation of cases checking up on transactions, and making sure processes are recorded correctly.
A high school diploma is generally enough to start out in this job, although they surely will not turn you away with a BA in a business or finance-related field. You can also find various training programs to get familiar with insurance applications and rating systems.
There is more than meets the eye when it comes to being an underwriting assistant. For example, did you know that they make an average of $17.96 an hour? That's $37,360 a year!
Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.
There are certain skills that many underwriting assistants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed organizational skills, analytical skills and detail oriented.
When it comes to the most important skills required to be an underwriting assistant, we found that a lot of resumes listed 17.7% of underwriting assistants included underwriting guidelines, while 13.2% of resumes included life insurance, and 6.8% of resumes included data entry. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the underwriting assistant job title. But what industry to start with? Most underwriting assistants actually find jobs in the insurance and finance industries.
If you're interested in becoming an underwriting assistant, one of the first things to consider is how much education you need. We've determined that 43.5% of underwriting assistants have a bachelor's degree. In terms of higher education levels, we found that 6.8% of underwriting assistants have master's degrees. Even though most underwriting assistants have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an underwriting assistant. When we researched the most common majors for an underwriting assistant, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on underwriting assistant resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become an underwriting assistant. In fact, many underwriting assistant jobs require experience in a role such as customer service representative. Meanwhile, many underwriting assistants also have previous career experience in roles such as administrative assistant or cashier.