Underwriter (Female, Age 34) in schaumburg, IL

This is a REAL-LIFE job profile written by a Female aged 34 who works as a Underwriter in schaumburg, IL. This professional kindly spent a bit of their time to complete our job profile survey 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 TitleUnderwriter
Salary$115,000
Other Compensation None Set
Hours/Week35
Company Size(not answered)
Locationschaumburg, IL
Years Experience5 months

Career Ratings

Opinions on your CAREER overall (i.e. not just your current job)

Years in Career0
Education(not answered)
Income Rating0 / 10
Interest Rating0 / 10
Work-Life Rating0 / 10
Fulfilment Rating0 / 10

Table of Contents

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 8amCommute downtown to work on train, read emails online and read newspaper
8am to 9amAnswer voice mails, check email and deal with immediate action items, say hello to coworkers.
9am to 10amCheck 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 11amMore of the same, interspersed with interrupting phone calls from brokers with service issues, questions, or sales pitches on accounts I’ve declined
11am to 12pmIf 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 1pmLunch 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 2pmAnswer 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 3pmMeetings, most weeks–with company personnel. Meetings range from technology issues, to appetite, to the company’s stability and long term plan.
3pm to 4pmQuote business and return more phone calls, email brokers, work on file paperwork and deal with service issues.
4pm to 5pmDeal with last minute phone calls and wind down. Leave office, head back to train station for commute home
5pm to 6pmCommute home
6pm to 7pmHome
7pm to 8pmHome
8pm to 9pmHome
9pm to 10pmHome
10pm to 11pmHome
11pm to 12amHome

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