Underwriter Job Description Template (2024)

Underwriter

[Intro Paragraph] We recommend starting your underwriter job description with a brief, 2-3 introductory paragraph, giving candidates some general information about your company. This is a great place to communicate the value your company provides to employees and make a strong first impression on job seekers. Get a little creative and give candidates a reason to be excited about this role.

Underwriter Job Responsibilities:

• Analyze financial data related to loan requests.
• Evaluate loan documents are to insure accuracy and completeness.
• Perform risk assessments on potential loan recipients based on credit rating, borrowing history, and other specific risk factors.
• Record loan denials and specific basis for declining application.
• Monitor and report noncompliance with loan covenants.
• Maintain client relationships and provide superior customer service.
• Assist with technical underwriting issues and questions.
• Review loan documentation and vendor reports to identify signs of fraudulent activity.
• Develop and implement underwriting policies and procedures.

[Work Hours & Benefits] We suggest adding a paragraph here discussing the working hours and benefits for the position. This will help motivate candidates to keep reading while also giving you a chance to highlight some of the noteworthy benefits and perks your company provides to employees such as paid time off, tuition reimbursem*nt, or employee stock purchase plans. You should also mention any special working hours considerations for the position, such as frequent overnight travel or seasonal overtime requirements.

Underwriter Qualifications / Skills:

• Applied knowledge of underwriting fundamentals and standard industry practices
• Understanding of basic financial principles and processes
• Knowledge of federal, state, and local regulatory requirements
• Ability to maintain confidentiality
• Strong analytical skills and attention to detail
• Excellent communication and negotiation skills
• Ability to multitask and work under pressure to meet strict deadlines

Education and Experience Requirements:

• Bachelor’s degree in Business, Finance, Accounting or a related field
• 3-5 years of underwriting or credit and risk analysis experience
• Experience with underwriting automation tools preferred
• Demonstrated proficiency with Microsoft Office (Excel, Outlook)

[Call to Action] You will want to finish your underwriter job description with a strong call to action, providing loan underwriter candidates with specific instructions on how best to apply for the position being advertised. Adding a call to action will increase the response rate for your job posting and eliminate any confusion regarding how to apply. For example, you can tell candidates to submit a resume to a specific email address or to click the button marked “apply” located at the top of the page.