What Is a Field Underwriter and How to Become One
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What Does a Field Underwriter Do?
Field underwriters inspect the property listed in insurance applications to determine whether or not their employer should approve the application and provide coverage for the home, building, car, or other property. In this role, your job duties include reviewing each application to ensure it is complete, running a credit check on the applicant, contacting the applicant to confirm the data submitted, then setting up a time to travel to the applicant's location to evaluate the items in the application. You must inspect the property thoroughly, documenting all of your findings, to make an informed recommendation to the company on approving or denying the request. Once you have completed your inspection, you forward your information to the agent handling the applicant's file to be processed.
How to Become a Field Underwriter
Many field underwriters have a bachelor’s degree in business, finance, math, economics, or a related field. Some employers may consider candidates with extensive experience in the insurance industry but who do not have a degree. You must be proficient with basic computer programs and be familiar with current insurance policies and law, though most employers provide some on-the-job training. Any prior experience in the insurance industry is also helpful. Because your job duties require you to travel to different sites, you must have reliable transportation. Certification is not required, but becoming certified may make you more valuable in the job market. Two of the largest training and certification organizations are the Insurance Institute of America (IIA) and the American Institute for Chartered Property Casualty Underwriters (AICPCU).
Field Underwriter Job Description Sample
With this Field Underwriter job description sample, you can get a good idea of what employers are looking for when hiring for this position. Remember, every employer is different and each will have unique qualifications when they hire for a Field Underwriter role.
Job Summary
Our insurance agency is seeking a Field Underwriter to join our team. In this position, your job is to inspect the property in person to decide whether or not we can afford to insure it. You will double-check all of the submitted information, review the applicant's credit history, and look for any unseen risks that might impact the property, such as faulty electrical systems or air conditioning. You will primarily work with mortgage protection insurance, but you should be familiar with a wide variety of insurance products. Our preferred candidate has a bachelor's degree and some experience with insurance sales, automotive sales, home refinancing, or mortgage sales.
Duties and Responsibilities
- Travel to the site of the to-be-insured property
- Inspect properties for excess risks in factors like structural integrity, wiring, and HVAC systems
- Run credit checks on the applicant
- Double-check all submitted information for accuracy
- Provide advice on the proper insurance products
Requirements and Qualifications
- Bachelor's degree in business or finance
- Insurance experience
- Analytical and observational skills
- Financial advising skills
- Familiarity with various construction and utility systems
