An underwriting technician, sometimes referred to as an underwriting assistant or underwriter, is the person who is responsible for determining whether customers qualify for various policies relating to insurance or loans. Generally, traditional daytime office hours are kept for this position, and little or no travel is required. This person can work with a team of others in the office or be able to work under little supervision.
Many organizations do require formal education in the form of either an associate’s degree or bachelor’s degree in a field such as business, finance, or administration. However, other organizations do not have formal education requirements. Additional training and certification courses are also available for this position, and many employers will provide it themselves.
An underwriting technician can be employed by a variety of offices, such as medical insurance, life insurance, homeowner insurance, vehicle insurance, property insurance, and financial loans. The responsibilities associated with the position can vary as such. Some typical responsibilities include gathering financial information, gathering statistical information regarding customers, writing quote letters, evaluating a client’s eligibility for insurance or a loan, arranging loan or insurance approval, reviewing various applications, gathering credit history, gathering background information on clients, maintaining confidential records, maintaining accurate files and records, taking inventory of files, and performing various administrative duties. This position requires a person who is highly organized and attentive to detail. This person should typically be able to multitask effectively and efficiently.