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Become An Underwriting Director

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Working As An Underwriting Director

  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Guiding, Directing, and Motivating Subordinates
  • Coaching and Developing Others
  • Establishing and Maintaining Interpersonal Relationships
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $117,990

    Average Salary

What Does An Underwriting Director Do At Nationwide

* Assists in the development of strategy and direction for the assigned product(s).
* Participates in key initiatives to address the product strategy and profitability objectives.
* Reinforces understanding, communication and execution of product/ underwriting strategy.
* Provides technical assistance and support to state/regional underwriting and services leadership.
* Maintains relationships with new entities, access points and distribution channels that need the support and expertise of product/underwriting staff operations.
* Responsible for project management for assigned profitability initiatives.
* Ensures that each area within the function is following the formal project management process for those projects designated as high priority.
* Serves on various committees, project teams and industry boards as assigned.
* Responsible for various support functions such as product functional audits, training, vendor selection and management, employee career enhancement, competitive monitoring, systems, and liaison to other business units (systems, services, claims, pricing, distribution, marketing, etc.)
* Responsible for associate management including: performance management, salary planning and administration, training and development, workflow and organizational planning, hiring and placement, and disciplinary actions.
* Performs other related duties as assigned

What Does An Underwriting Director Do At The Hartford

* Define the infrastructure, capabilities and investment needed to expand upon existing E&S capabilities for the Special Property Division
* Collaborate with reinsurance brokers and actuarial to determine CAT management strategy and ensure successful execution that leads to long-term profitability with acceptable volatility.  
* Lead the development, management and communication of Special Property underwriting policies.  Lead the development of new or revised underwriting positions and appetite.
* Ensure underwriting guidance is regularly reviewed and maintained
* Develop and manage relationships with external brokers to achieve written premium, profitability, rate, retention, product mix and new business production goals. 
* Oversee national brokers’ production plans, monitor performance to ensure profitable growth. 
* Monitor line of business results and react quickly and effectively to growth and profit challenges

What Does An Underwriting Director Do At Freddie Mac

* Overseeing the underwriting of loans sourced by the Structured Conventional production group
* Build and manage team of experienced and junior professionals to execute responsibilities in a demanding environment
* Active involvement with production, capital markets, legal, and pricing teams from the loan structuring/quoting stage through loan purchase and securitization as well as the management of deal flow and volume.
* Closely work with Production and outside legal counsel to structure and negotiate deals
* Creation of new and complex products on an as needed basis
* Approval of transactions, including review of underwriter created investment brief (pro forma, I&E and rent roll analysis, borrower financial position, market analysis), occasionally conducting property inspections and presenting deals for approval to executives as needed.
* Establishes operational objectives and work plans, and delegate’s assignments to staff.
* Involved in developing, modifying and executing company policies that affect immediate operations and may also have division-wide impact.
* Assist in development and implementation of strategic policies when selecting methods, techniques, and evaluation criteria for obtaining results.
* Regularly interacts with senior management or executive levels on matters concerning several functional areas, divisions, and/or customers.
* Support strong credit quality through objective reviews and feedback on activities.
* Stay abreast of market and macroeconomic developments
* May assist with other lines of business such as Structured Affordable and Single Family Rental
* Work Location Zip Code:
* Division:
* Multifamily

What Does An Underwriting Director Do At NC League of Municipalities

Responsibilities

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How To Become An Underwriting Director

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

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Underwriting Director jobs

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Top Skills for An Underwriting Director

UnderwritingPoliciesUnderwritingGuidelinesRegulatoryComplianceNewMarketsExternalAuditsUnderwritingDepartmentUnderwritingStaffUnderwritingAuthorityInsuranceCompanyLiabilityCustomerServiceUnderwritingProcessLifeInsurancePoliciesSuperviseBusinessDevelopmentProductDevelopmentLocalBusinessesLossRatioSmallGroupMetlife

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Top Underwriting Director Skills

  1. Underwriting Policies
  2. Underwriting Guidelines
  3. Regulatory Compliance
You can check out examples of real life uses of top skills on resumes here:
  • Partnered with senior management to develop and implement underwriting policies, operating plans, marketing and business strategies.
  • Created new classifications and underwriting guidelines for the Retail and Wholesale programs which resulted in additional new business opportunities.
  • Created and implemented an excel-based quality assurance program for underwriting, emphasizing risk quality and regulatory compliance
  • Contracted new markets for London Property, Environmental Contractors, WC, Commercial Auto, and Restaurants.
  • Responded to all internal and external audits and developed and managed Risk Controls.

Top Underwriting Director Employers

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