Group Underwriter jobs in Oakland, CA
Group Underwriter reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Group Underwriter calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Group Underwriter may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Group Underwriter work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Group Underwriter typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Group Underwriter jobs
Middle Market Underwriter
- Umpqua Bank
-
Walnut Creek, CA
FULL_TIME
-
Description
About Us:Umpqua Bank is headquartered in the Pacific Northwest with 5,000 employees and offers banking services to customers throughout the nation. It’s an especially exciting time to join our team as, following the recent merger with Columbia Bank, we have grown to become a leading western-based regional bank with more than $50B in assets under management and an unwavering commitment to our associates, our customers, and our communities.We create a great place to work by offering a special brand of relationship banking and by providing a culture where associates thrive. Associates who embody our core values fit in well here and we are eager to meet candidates who demonstrate behaviors that align with Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships.About the Role:Analyzes and evaluates customer credit information for new and renewal Middle Market credit requests comprised of working capital lines of credit, asset-based lines of credit, commercial real estate loans (Owner Occupied and Investor) and equipment financing; most often from simple to moderately-complex enterprises with revenues greater than $5 million. Collaborates with Client Solutions Managers ("CSMs") and Relationship Managers to prepare timely, high quality and concise credit recommendations needed to obtain credit approval and meet customer needs.- Analyze business, industry, financial data and other supporting credit information concerning an applicant’s credit request; presents facts to, and collaborates with, CSMs and Relationship Managers to identify key business and financial risks allowing CSMs and Relationship Manager to derive conclusions, structure loans and support the credit recommendation.
- Prepare timely, concise and accurate credit recommendations, with normal level of supervision. Includes: (1) quantitative components within the underwriting narrative documenting the credit analysis; (2) accurate use of risk rating scoring models (aka Dual Risk Rating), both quantitative and qualitative rating elements, to ensure customers and loans are properly risk-rated; (3) accurate identification and mitigation of all exceptions to Bank tracked policies exceptions (TPE), tracked guidelines exceptions (TGE), procedures and compliance regulations; and (4) accurate loan coding consistent with nature of the borrowing relationship and terms of the credit(s).
- Monitor borrower financial performance in line with commercial and/or real estate loan documents; spread financial statements and/or ensures required financial statements are spread in accordance with Bank Guidelines and resulting covenant calculations are accurate, complete and adhere to approval conditions and loan documentation. Collaborates with CSM to ensure borrower notifications are sent and approvals are obtained to resolve any violations in a timely manner.
- Partner with CSMs and Relationship Managers in customer and prospect calls as appropriate; offers insight into customer financial needs, including opportunities identified using Line of Business-approved relationship expansion tools.
- Partner with CSMs or Relationship Managers to follow up with customers to obtain all necessary information and clarification on financial analysis materials and resources; ensures customer is approved for all ancillary products..
- Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
- Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
- Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
- May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
- Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.
- Takes personal initiative and is a positive example for others to emulate.
- Embraces our vision to become “Business Bank of Choice”
- May perform other duties as assigned.
About You:- Bachelor's Degree in Business, Finance, Accounting, or other related field or the equivalent in experience
- 2-4 years of commercial credit analysis or underwriting experience or the equivalent. Preferred
- Demonstrate acceptable completion of Intermediate Accounting classes acquired through an accredited university or college and/or completion of bank credit underwriting training.
- Proven ability to spread company and personal financial statements, including income tax returns, using Moody’s Risk Analyst or other comparable spreading tool; includes knowledge about financial statement structure and business entity types.
- Basic experience analyzing and monitoring commercial lines of credit and term loans (both secured and unsecured), as well as income property real estate, non-profit lending or other specialty lending types.
- Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.
- Possess excellent written, verbal and interpersonal skills, including documenting effective presentations using Excel, Word or other related software/business tools.
- Experience working with bank credit policies, procedures, practices and documentation.
Workstyle: Fully onsite.Our Benefits:We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $72,000.00-$130,000.00 and the pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation and those details will be provided during the recruitment process.We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.Our Commitment to Diversity:Umpqua Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require an accommodation to complete the application or interview(s), please let us know by email: [email protected].To Staffing and Recruiting Agencies:Our posted job opportunities are only intended for individuals seeking employment at Umpqua Bank. Umpqua Bank does not accept unsolicited resumes or applications from agencies and Umpqua Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Umpqua Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team. - 1 Month Ago
Senior Underwriter - Workers' Compensation
- Zenith
-
Dublin, CA
FULL_TIME
- This role is eligible to participate in Zenith’s hybrid work schedule which provides the flexibility to work from home on select days of the week according to the in-office schedule established by reg...
- 1 Month Ago
Underwriter 1 (Trainee/Workers Compensation)
- Berkshire Hathaway Homestate Companies
-
Walnut Creek, CA
OTHER
- BASIC FUNCTIONUpon successful completion of training, the Underwriter 1 will apply basic underwriting concepts and best practices in evaluating new and renewal business in accordance with established ...
- 1 Month Ago
Group instructor
- Riser Fitness, LLC
-
Danville, CA
FULL_TIME
- NOW HIRING : Pilates Instructors DANVILLE STUDIO CURRENTLY HIRING ABOUT OUR FIVE STAR RATED TEAM : Riser Fitness is one of the nation’s largest multi-unit developers of the Club Pilates franchise syst...
- 2 Months Ago
Group X Coach
- 24 Hour Fitness
-
Oakland, CA
PART_TIME
- FULL-TIME Part-timeLOCATION 2050 Webster Street Oakland CA 94612Job SummaryThe Group X Coach creates an inviting, inspiring and motivating group exercise experience through delivering pre-choreographe...
- 4 Days Ago
Project Manager - Building Group
- Overaa Construction
-
Richmond, CA
FULL_TIME
- Job Description: Shift: First Shift About Overaa Overaa is a leading Bay Area general contractor specializing in a variety of market sectors including commercial, education, life science, municipal in...
- 6 Days Ago
Filters
- Current Active Filter
- Oakland, CA
Clear All
- Filter Jobs By posted time
- Within 1 Day
- Within 2-7
- Within 1 Month
- Within 3 Months
0 Group Underwriter jobs found in Oakland, CA area
Group Underwriter - Large, Experienced
- Blue Shield of California
-
Oakland, CA
- Your Role The Core Manual underwriting team is responsible for balancing operating income and membership goals while pro...
- 12/13/2024 12:00:00 AM
Work From Home Remote Sales Specialist
- Symmetry Financial Group
-
Oakland, CA
- Job Description Overview: We are seeking a highly motivated and results-driven Life Insurance Sales Representative, who ...
- 12/13/2024 12:00:00 AM
Private Credit, Direct Lending Investment Professional - Associate
- BlackRock
-
San Francisco, CA
- **About this role** **About BlackRock Private Credit** BlackRock has built industry-leading private credit capabilities ...
- 12/13/2024 12:00:00 AM
Title Production Manager - US Based Remote
- Anywhere Real Estate
-
San Francisco, CA
- Anywhere Integrated Services is seeking a Title Production Manager to oversee the production teams supporting our region...
- 12/13/2024 12:00:00 AM
Associate Underwriter
- Burns & Wilcox
-
San Francisco, CA
- When someone needs insurance coverage for the unique, the unusual, or the unconventional, they come to Burns & Wilcox. O...
- 12/12/2024 12:00:00 AM
Senior Underwriter - Life Sciences
- Chubb
-
San Ramon, CA
- Job Description Chubb is seeking a highly motivated, results oriented Senior Commercial Lines Life Sciences Underwriter ...
- 12/12/2024 12:00:00 AM
SVP, Commercial Relationship Manager
- River City Bank
-
San Francisco, CA
- Job Type Full-time Description The Relationship Manager will maintain and grow a deposit/cash management and commercial ...
- 12/10/2024 12:00:00 AM
AVP, Cyber, E&O Insurance Broker
- Aon Corporation
-
San Francisco, CA
- Posting Description: AVP, Cyber and E&O Insurance Broker Are you seeking an opportunity to be a part of our growing, ful...
- 12/9/2024 12:00:00 AM
About Oakland, California
Oakland is in the eastern region of the San Francisco Bay. In 1991 the City Hall tower was at 37°48′19″N 122°16′21″W / 37.805302°N 122.272539°W / 37.805302; -122.272539 (NAD83). (The building still exists, but like the rest of the Bay Area, it has shifted northwest perhaps 0.6 meters in the last twenty years.)
The United States Census Bureau says the city's total area is 78.0 square miles (202 km2), including 55.8 square miles (145 km2) of land and 22.2 square miles (57 km2) (28.48 percent) of water.
Oakland's highest point is near Grizzly Peak Blvd, east of Berkeley, just over 1,760 feet (...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Group Underwriter jobs
$69,908 to $90,552
Oakland, California area prices
were up 4.5% from a year ago
were up 4.5% from a year ago
What does a Group Underwriter do?
Group Underwriter in Lubbock, TX
Responsible for determining acceptability of insurance risks and appropriate premium rates for renewal and prospect employer groups in accordance with corporate underwriting guidelines and authority limits.
February 05, 2020
Group Underwriter in Tucson, AZ
We do, however, offer opportunities to get connected, and be mentored through our various ARGs (Associate Resource Groups).
December 30, 2019
Group Underwriter in Lincoln, NE
The underwriter accepts all the risk and uses past claims along with demographics, trend factors and inflation factors to estimate future claims and arrive at a premium.
January 02, 2020