ASSOCIATE UNDERWRITER COVER LETTER TEMPLATE

Updated: July 25, 2024 - The Associate Underwriter effectively selects risks based on quality and profitability, applying appropriate authority levels to calculate standard rates, charges, and premiums using approved metrics. This role supports Underwriters and Senior Underwriters with administrative tasks while enhancing insurance knowledge and underwriting skills through continuous learning and training. Establishes and maintains broker relationships using effective sales and negotiation techniques, ensuring comprehensive documentation and compliance with underwriting, program, and carrier guidelines.

An Introduction to Professional Skills and Functions for Associate Underwriter with a Cover Letter

1. Details for Associate Underwriter Cover Letter

  • Responsible for the end-to-end handling of new business, renewals, endorsements and cancellations
  • Prepare and distribute proposals and binders for assigned underwriter/underwriters.
  • Reviews all risk and exposure information in rating system for accuracy.
  • Provide clear, timely and professional communication to agency personnel.
  • Serves as the primary point of contact for servicing needs on active accounts.
  • Maintains the highest level of customer service internally and externally.
  • Attend underwriting meetings on behalf of FL and TR teams
  • Participate in marketing efforts with the ASG team, establish relationships with early career brokers
  • Ad Hoc project work for ASG team and private equity vertical initiatives
  • Assist with quotes, binders, policies and other documents required in the underwriting function


Skills: Policy Administration, Proposal Prep, Risk Analysis, Clear Communication, Customer Service, Meeting Representation, Marketing, Project Management

2. Roles for Associate Underwriter Cover Letter

  • Provide administrative and general clerical support to the Underwriter.
  • Provide the highest level of customer service to agents, policyholders and co-workers.
  • Manage a large volume of telephone calls, faxes, e-mails with timely responses to customers in a variety of circumstances.
  • Gather, screen, analyze, and evaluate information on new and existing accounts.
  • Provide preliminary rating/pricing and loss-rating on all lines of coverage (except Anchorage).
  • Willingness to learn new tasks and increase technical knowledge.
  • Provide support through an understanding of services including premium audit, loss control, claims and facultative reinsurance.
  • Process and issue new and renewal business within designated authority limits
  • Analyze potential risks for the transactional liability (TR) and financial lines (TL) teams
  • Provide renewal and new business write ups for primary underwriters to review


Skills: Administrative Support, Customer Service, Communication Management, Information Handling, Technical Proficiency, Insurance Knowledge, Policy Processing, Risk Analysis

3. Responsibilities for Associate Underwriter Cover Letter

  • Conduct reviews of current machine learning models and outputs and provide feedback
  • Oversee and ensure the quality of data inputs, input accuracy and machine learning accuracy
  • Manage all bank verification errors, data categorization and credit matching
  • Provide support to the Director of Partner Relations including administrative tasks such as document checking
  • Build knowledge of industry trends, developments and changes
  • Analyze, organize, interpret, and audit data in Excel
  • Process, coordinate and validate plan documents
  • Implementation support including project plans and execution
  • Policy support involving additions, terminations, invoicing to plans
  • Ensuring all appropriate forms are completed and documentation uploaded to the file


Skills: Model Review, Data Oversight, Error Management, Director Support, Trend Awareness, Data Analysis, Document Processing, Implementation Support

4. Functions for Associate Underwriter Cover Letter

  • Select risks based on quality and profitability through application of appropriate levels of authority
  • Calculate standard rates, charges, and premiums using approved rating metrics
  • Assist Underwriters and Senior Underwriters with administrative tasks
  • Enhance underwriting skillset and insurance knowledge through self-study and group training
  • Establish broker relationships through use of appropriate sales and negotiation techniques
  • Maintain underwriting documentation on each new or renewal account in accordance with program and carrier guidelines
  • Complete self-audits and meet weekly/monthly premium goals in accordance with program guidelines
  • Ordering, follow up on inspections, attachment of completed inspection and follow up on recommendations to ensure compliance
  • Managing the process of having submissions entered into the system and rated up


Skills: Risk Selection, Rate Calculation, Administrative Assistance, Skill Enhancement, Broker Relationship Building, Documentation Management, Goal Achievement, Inspection Coordination, Submission Management

5. Job Description for Associate Underwriter Cover Letter

  • Reviews/analyzes loan files submitted for borrowers to ensure file meets loan program requirements. 
  • Reviews collateral reports and supporting data for secondary market loan eligibility.
  • Assists underwriting with conditioning files and clearing conditions.
  • Processes files submitted for denial and withdrawal. 
  • Assists with processing preapprovals and maintaining that pipeline.
  • Answers phone inquiries from lenders, staff or customers to resolve issues and ensure customer satisfaction.
  • Attends webinars, reviews ALLREGS and attends investor seminars as volume allows
  • Maintain knowledge of underwriting and investor guidelines.
  • Analyze, organize, interpret, and audit data in Excel
  • Implementation support including project plans and execution
  • Policy support involving additions, terminations, invoicing to plans


Skills: File Review, Collateral Assessment, Condition Handling, Denial Processing, Preapproval Management, Inquiry Resolution, Regulatory Compliance, Guideline Familiarity

What Are the Qualifications and Requirements for Associate Underwriter in a Cover Letter?

1. Knowledge and Abilities for Associate Underwriter Cover Letter

  • Must possess strong written and verbal communication skills 
  • Must also be able to multitask and maintain strong attention to detail.
  • Must be Proficient in MS Office and Adobe Acrobat.
  • Experience in the insurance industry and strong customer service focus.
  • Strong MS Office, including Word, Excel, PowerPoint and Access.
  • Good organizational, time management and communication skills.
  • Strong written and verbal communication skills.
  • Works well in a small team setting and ability to make good decisions.
  • Strong grasp of work flow and procedures.
  • Willing to do some limited travel and participate in marketing events.


Qualifications: BS in Finance with 3 years of Experience

2. Experience and Requirements for Associate Underwriter Cover Letter

  • Ability to handle multiple priorities, organize work and meet deadlines.
  • Able to network, build relationships, and work well in a team environment with a collaborative attitude.
  • Strong technical ability and computer skills (Excel, Word etc.) is critical.
  • Excellent communication skills including verbal, written, and negotiation skills.
  • Knowledge multifamily processing and underwriting standards and requirements.
  • Familiarity with affordable housing policies and underwriting practices required.
  • Ability to effectively manage a pipeline of complex multifamily transactions.
  • Must be able to prioritize at a high level.
  • Ability to read, analyze, and interpret complex documents  
  • Ability to provide succinct credit decisions with the necessary support for those decisions.


Qualifications: BA in Business Administration with 4 years of Experience

3. Skills, Knowledge, and Experience for Associate Underwriter Cover Letter

  • Experience with MS Outlook, Word and Excel
  • Strong phone skills and ability to handle inbound calls
  • Determines level of risk based on well-established guidelines and can approve policies issued as standard
  • Applies underwriting and risk selection techniques to determine the acceptability of new and renewal insurance risk
  • Ability to responds to inquiries regarding underwriting processes and decisions
  • Ability to interpret policy forms and coverage, and premium levels
  • Ability to handle basic and routine task
  • Ability to follows standard procedures to perform tasks
  • Ability to handle multiple priorities in a fast paced high volume team based environment
  • Ability to demonstrate a positive attitude through a friendly and outgoing phone voice


Qualifications: BS in Economics with 5 years of Experience

4. Requirements and Experience for Associate Underwriter Cover Letter

  • Completed coursework toward a Risk Management, and Insurance Degree a plus
  • Applicable coursework toward attainment of a ASLI and/or CPCU designation desired
  • Ability to manage deadlines effectively and strong organization skills
  • Excellent verbal and written communication skills
  • Demonstrates excellent listening skills and verbal communication skills
  • Ability to respond effectively to the most sensitive inquiries or complaints.
  • Ability to succinctly and accurately present information 
  • Ability to respond to questions from borrowers, employees, and executive level management.
  • Strong writing and verbal communication skills.
  • Strong analytical abilities to grasp complex transactional issues and assess risk


Qualifications: BS in Accounting with 2 years of Experience

5. Education and Experience for Associate Underwriter Cover Letter

  • Prior experience in an insurance or administration role
  • Proficient in Microsoft Office products in particular Microsoft Excel
  • Ability to deliver results on time and in full
  • Excellent and confident communicator in all forms
  • Team player with high integrity and energy
  • Completed coursework toward a Risk Management, and Insurance Degree 
  • Prior work experience in Financial Services, Risk Management or Insurance industry(s)
  • Applicable coursework toward attainment of the CPCU/RPLU designation desired.
  • Strong organization and analytical skills.
  • Ability to manage deadlines effectively.


Qualifications: BS in Business Analytics with 3 years of Experience