Group Underwriter jobs in Sacramento, 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)

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Commercial Underwriter
  • FIRST NORTHERN BANK OF DIXON
  • Sacramento, CA OTHER
  • Job Details

    Level:    Experienced
    Job Location:    Sacramento Financial Center Administration Expo - Sacramento, CA
    Position Type:    Full Time
    Salary Range:    Undisclosed

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    As a Commercial Underwriter, you will support our commercial lending teams by analyzing, structuring and monitoring a portfolio of new and existing loan customers. Loan types include Commercial and Industrial, Commercial Real Estate, Agribusiness, and Small Business over a variety of product lines such as lines of credit, term loans, equipment loans, construction and development loans, and government sponsored guarantees.

     

    This position is on a hybrid work from home schedule with 2 days/week worked in our Sacramento office. 

     

    Responsibilities Include

     

    Credit Underwriting

    • Underwrite loan requests for new applicants and existing borrowers
    • Help lending team prescreen potential transactions
    • Review applications to insure a complete package of due diligence material
    • Assess the cash flow, collateral, management, and industry of the borrowers and guarantors
    • Spread financial statements, tax returns, and other financial information in a consistent and meaningful manner
    • Provide expert level interpretation of trends, ratios, projections and proformas
    • Determine if there is sufficient financial support for the credit request
    • Order, review and assess appraisals, collateral exams, title prelims and other third-party reports
    • Analyze loan risk appropriate and determine loan risk rating
    • Help size the loan and structure loan terms

     

    Portfolio Management 

    • Monitor the performance of a portfolio of existing loans 
    • Test loan covenants for compliance.  Recommend waivers and modifications as appropriate
    • Review loan risk ratings and recommend changes as appropriate
    • Prepare annual financial reviews
    • Help lending team identify cross-sales opportunities

     

    Loan Credit Reports

    • Help prep loan credit reports that recommend credit actions on new and existing customers
    • Provide a narrative discussion to summarize the key strengths, weaknesses, financial analysis, loan structures, and conclusions
    • Work with lending teams to present the reports to the appropriate approving authority
    • Use integrated financial spreading and credit requesting software to prepare, route, approve, and document the credit requests

     

    What You’ll Need to be Successful

     

    • Adaptability you’re able to manage competing demands
    • Analytical Skills – you have strong problem-solving and critical thinking skills
    • Initiative – willingness and demonstration of professional development and continual learning
    • Collaboration – you work well with other departments and individuals, maintaining communication to keep the workflow going
    • Judgment and Discretion – you exercise independent judgment in decision making
    • Comprehension – you can read, comprehend and interpret complex written material
    • Customer Service – you have a demonstrated ability to provide excellent customer service
    • Quality – you demonstrate accuracy and thoroughness
    • Planning/Organizing – you have strong organizational and time management skills
    • Communication – you speak and write clearly and persuasively in all situations
    • Reliability – you complete tasks on time or notify appropriate person with an alternate plan
    • Teamwork – you maintain a positive working relationship with your team members

     

    Qualifications

     

    • High school diploma or general education degree (GED), plus a minimum of two semesters of college-level accounting classes required
    • Degree from a four-year college or university preferred
    • Five to seven years of experience in credit related fields
    • Knowledge of loan compliance and credit policy and procedures
    • Experience and understanding of the differences between cash, accrual and tax accounting
    • Experience with CreditQuest, Moody’s RiskAnalyst, Baker Hill, CASH Suite or similar integrated software platform is preferred

     

    Why You Should Apply

     

    • Full-time position with excellent compensation and benefits package
    • Generous time off programs
    • Bonus program
    • Profit-sharing
    • Discounted stock purchase program
    • Excellent growth and development opportunities
    • And much more!

     

    Pay Range (Salary): $68,000 - $95,000


     

    The purpose of this job description is to provide a summary of duties related to the position. It is not intended to be all-inclusive. The employee will perform other reasonable business duties as assigned by supervisor or other management.

     

    First Northern Bank does not discriminate based on race, color, religions, sex, gender identity, age, national origin, marital status, pregnancy, disability, or any other protected status.

     

    The duties outlined in this description are subject to modification or change by the organization, at any time, with or without notice.

  • 23 Days Ago

B
Associate Underwriter
  • Burns & Wilcox
  • Roseville, CA FULL_TIME
  • When someone needs insurance coverage for the unique, the unusual, or the unconventional, they come to Burns & Wilcox. Our Associate Underwriters directly service a book of business under the supervis...
  • 16 Days Ago

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Commercial Ag Underwriter
  • Chubb External
  • Rancho Cordova, CA FULL_TIME
  • Evaluates new and existing business to determine acceptability. Determines proper coverage and pricing of business. Works with marketing department to develop relationships with brokers. ESSENTIAL FUN...
  • 23 Days Ago

B
Commercial Lines Underwriter
  • Burns & Wilcox
  • Roseville, CA FULL_TIME
  • When someone needs insurance coverage for the unique, the unusual, or the unconventional, they come to Burns & Wilcox. This is an outstanding opportunity for candidates with an entrepreneurial spirit,...
  • 12 Days Ago

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Sr. Underwriter - P&C
  • Zenith
  • Roseville, CA FULL_TIME
  • A Brief Overview Solicit, underwrite, and price business consistent with the Company's Underwriting Philosophy. What you will do Independently analyzes new and renewal business within underwriting aut...
  • 18 Days Ago

Z
Underwriter Workers' Compensation
  • Zenith
  • Roseville, CA FULL_TIME
  • Preferred location Dublin, CA May consider Roseville, CA The essential functions of this position include, but are not limited to, the following: Manage an assigned book of Agencies including assistin...
  • 18 Days Ago

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0 Group Underwriter jobs found in Sacramento, CA area

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Associate Managing Director
  • Burns & Wilcox
  • Sacramento, CA
  • Burns & Wilcox is seeking a dynamic, forward-thinking leader to drive strong and sustainable growth in our Sacramento re...
  • 3/28/2024 12:00:00 AM

S
Remote Sales Associate Part Time and Full Time
  • Symmetry Financial Group
  • Sacramento, CA
  • Job Description As a Remote Sales Specialist, you'll be responsible for promptly contacting exclusive in-house leads to ...
  • 3/28/2024 12:00:00 AM

S
Remote Sales Representative - Work From Home
  • Symmetry Financial Group
  • Sacramento, CA
  • Job Description Overview: We are seeking a highly motivated and results-driven Life Insurance Sales Representative to jo...
  • 3/28/2024 12:00:00 AM

T
Senior Surety Contract Bond Underwriter
  • Tokio Marine HCC
  • Sacramento, CA
  • Description Position at Tokio Marine HCC Surety Senior Contract Bond Underwriter Why Tokio Marine HCC? Standing still is...
  • 3/27/2024 12:00:00 AM

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Underwriting Intern - Sacramento - 2024
  • Marsh & McLennan Companies, Inc.
  • Sacramento, CA
  • Company: Victor Description: Victor Insurance Holdings is the world's largest managing general underwriter with location...
  • 3/27/2024 12:00:00 AM

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Loan Officer
  • ERA Carlile Realty Group & Lending
  • Sacramento, CA
  • Job Description Job Description ERA Carlile Realty Group & CARLILE Lending is currently seeking the services of a Loan O...
  • 3/26/2024 12:00:00 AM

A
Senior Analyst- Model Validation (US REMOTE)
  • Ally
  • Sacramento, CA
  • **General information** **Ref #** 17030 **Remote?** Yes **Ally and Your Career** * Ally Financial only succeeds when its...
  • 3/26/2024 12:00:00 AM

B
Commercial Lines Underwriter
  • Burns & Wilcox
  • Sacramento, CA
  • When someone needs insurance coverage for the unique, the unusual, or the unconventional, they come to Burns & Wilcox. T...
  • 3/25/2024 12:00:00 AM

Sacramento (/ˌsækrəˈmɛntoʊ/ SAK-rə-MEN-toh; Spanish: [sakɾaˈmento]) is the capital city of the U.S. state of California and the seat of Sacramento County. Located at the confluence of the Sacramento River and the American River in Northern California's Sacramento Valley, Sacramento's estimated 2018 population of 501,334 makes it the sixth-largest city in California and the ninth largest capital in the United States. Sacramento is the seat of the California Assembly, the Governor of California, and Supreme Court of California, making it the state's political center and a hub for lobbying and th...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Group Underwriter jobs
$60,659 to $78,561
Sacramento, California area prices
were up 2.5% from a year ago

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