Underwriter
(Female, Age 34) from schaumburg, IL
This is a REAL-LIFE job profile written by a Female aged 34 who works as a Underwriter in schaumburg, IL. We have removed all names and personal information in order to protect privacy. This professional kindly spent a bit of their time to complete one of our job profile surveys so that prospective job seekers like you could read their insights. Please excuse any punctuation or grammatical errors in this profile.
At a Glance
Current Job
Basic data on your current job
| Job Title | Underwriter |
|---|---|
| Salary | $115,000 |
| Other Compensation | None Set |
| Hours/Week | 35 |
| Company Size | (not answered) |
| Location | schaumburg, IL |
| Years Experience | 5 months |
Career Ratings
Opinions on your CAREER overall (i.e. not just your current job)
| Years in Career | 0 |
|---|---|
| Education | (not answered) |
| Income Rating | 0 / 10 |
| Interest Rating | 0 / 10 |
| Work-Life Rating | 0 / 10 |
| Fulfilment Rating | 0 / 10 |
Current job Q&A
Describe the type of organization you work for.
International insurance company with at least 10,000 employees
Describe your job role and responsibilities.
Underwrite excess and surplus lines accounts, manage broker relationships, meet production goals
Please list an additional benefits (beyond compensation) that you receive.
4 weeks vacation which includes sick leave. Choice of three health insurance plans (HMO, PPO, High deductible plan). 401k with 7% matching.
Do you feel you are under/over or well/fairly compensated at your current position?
Well
Does your job entail you working with others on a daily basis? Is this something you like/dislike about your job? Please explain.
Do you work collaboratively with supervisors/managers?
No
Do you work collaboratively with your co-workers?
No
Describe your work location (e.g., office, home, theatre, in the field) and what you like/dislike about working in it.
Please rate each of the following aspects of your current job on a scale of 1-10 (10 being the highest/best):
Income:
Benefits:
Hours:
Co-Workers:
Supervisors:
Job Title:
Level of Responsibility:
The Actual Work:
A day in the life of…
Please describe a typical workday for you in your current job:
| 5am to 6am | |
| 6am to 7am | |
| 7am to 8am | Commute downtown to work on train, read emails online and read newspaper |
| 8am to 9am | Answer voice mails, check email and deal with immediate action items, say hello to coworkers. |
| 9am to 10am | Check list of work in progress. Evaluate each account for desirablity, completeness, and do pricing either by hand or in pricing model. Make phone calls or send emails to broker asking for additional information, requesting clarification, or declining to quote a particular account. |
| 10am to 11am | More of the same, interspersed with interrupting phone calls from brokers with service issues, questions, or sales pitches on accounts I’ve declined |
| 11am to 12pm | If I’m lucky, quote the price, terms and conditions on a particular account. Complete documentation and paperwork, make sure file is complete and various databases and excel spreadsheets are updated, send quote to broker. |
| 12pm to 1pm | Lunch at least three times a week with brokers. Discuss business, personal, other issues; ask for business and explain our position on certain types of accounts |
| 1pm to 2pm | Answer emails, voice mail. Deal with requests from brokers on service issues and changes, negotiate with brokers on quotes, assist other underwriters if neccessary. |
| 2pm to 3pm | Meetings, most weeks–with company personnel. Meetings range from technology issues, to appetite, to the company’s stability and long term plan. |
| 3pm to 4pm | Quote business and return more phone calls, email brokers, work on file paperwork and deal with service issues. |
| 4pm to 5pm | Deal with last minute phone calls and wind down. Leave office, head back to train station for commute home |
| 5pm to 6pm | Commute home |
| 6pm to 7pm | Home |
| 7pm to 8pm | Home |
| 8pm to 9pm | Home |
| 9pm to 10pm | Home |
| 10pm to 11pm | Home |
| 11pm to 12am | Home |
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