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They also oversee other information in the loan application to ensure it is accurate. Loans are the primary source of income for a bank, and ensuring the quality of loans is of the utmost importance.
Underwriters must follow all regulations, from the guidelines of the company and external underwriter to federal regulations for the approval process. They must have strong communication skills to work well with applicants, as well as management skills to ensure that loans are of high quality and helpful for both sides.
The ability to learn quickly is highly beneficial, as well, as technology is constantly changing.
Specific training is necessary to follow federal regulations and understand all credit and loan files, and most companies require this training before applying or will offer it on-the-job. Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
Monitor existing policies for compliance with company guidelines. Manage underwriting territory and select new business based on analysis of their profitability. Underwriters can also look forward to large paychecks at The Travelers Companies, Inc. Common Career Paths for Underwriter Add this chart to your site: Plan your career path.
Drag job titles to investigate a particular path and click on a link to see where particular career can lead. Underwriter Job Listings Popular Skills for Underwriter This chart shows the most popular skills for this job and what effect each skill has on pay.
Survey results imply that Underwriters deploy a deep pool of skills on the job. Most notably, facility with Financial Modeling, Commercial Loans, and Underwriting are correlated to pay that is significantly above average, leading to increases of 68 percent, 30 percent, and 15 percent, respectively.
Skills that are correlated to lower pay, on the other hand, include Customer Service, Data Analysis, and Microsoft Excel. Those familiar with Insurance also tend to know Data Analysis.
Average total compensation includes tips, bonus, and overtime pay. Pay Difference by Location.Average MetLife Underwriter yearly pay in the United States is approximately $50,, which is 27% below the national average. Salary information comes from 39 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.4/4.
Please note that all salary figures are approximations based upon third party submissions to Indeed. These figures are given to the Indeed users for the purpose of generalized comparison only.
Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures. Underwriting Analyst salaries - 1 salaries reported: CA$24 / hr Risk Analyst salaries - 1 salaries reported: AIG Salaries by Location.
Toronto, ON; Montreal, QC; Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job that’s right for you. The average MetLife salary ranges from approximately $31, per year for Personal Assistant to $, per year for Service Engineer.
Average MetLife hourly pay ranges from approximately $ per hour for Researcher to $ per hour for Salesforce Developer. The typical MetLife Underwriter salary is $48, Underwriter salaries at MetLife can range from $41, - $75, This estimate is based upon 40 MetLife Underwriter salary report(s) provided by employees or estimated based upon statistical methods.
A free inside look at AIG salary trends. 4, salaries for 1, jobs at AIG. Salaries posted anonymously by AIG employees.