How To Become an Underwriter

Steps to Become a Underwriter

1. Get your bachelor's degree in a field that relates to finance.

   • Math.
   • Financial modeling.
   • Business administration.While you're in school, develop your soft skills as well. Underwriters need to be good problem-solvers and communicators. Taking on leadership positions in student organizations or getting involved with a club can help.

2. Obtain underwriting experience to grow your knowledge of the finance industry.

   Some employers will hire recent graduates as entry-level underwriters, but others want people who have a few years of experience. You can gain experience in the insurance field by looking for positions as a clerk or an underwriting assistant. This will give you hands-on knowledge about the industry; plus, you'll get to see what underwriters at the company do on a daily basis. Let your boss know you're looking to move into underwriting; take on tasks and projects at work that will help you gain the skills you need.Once you're hired as an underwriter, you'll likely work under a more senior underwriter while you learn the job. Spend your first years on the job learning the trade and gaining confidence as you take on more projects independently.

3. Get certified in your underwriting specialty to expand your skills.

   Underwriters need to obtain certifications and keep them current. This usually involves taking courses and passing exams. The industry you work in (insurance or mortgage, for example) will help inform the kind of certification you need.New underwriters will focus on getting certified for the first time, while experienced professionals can use certifications to move into more advanced roles or to expand their knowledge. Remember to pay attention to when certifications expire; your employer will want you to keep them current, and having recent certifications will help you during any job searches.

4. Advance into underwriter management roles, like senior underwriter or lead underwriter.

   Once you have experience underwriting, move into higher positions like senior underwriter and start developing your teamwork skills. As your career as an underwriter advances, look for supervisory and leadership positions. These will bring you a salary boost and the opportunity to continue working as an underwriter while overseeing the work of others.