Underwriter Cover Letter Example and Template

An underwriter evaluates the risk associated with another party to help financial establishments determine if they should accept them as a client. If you're interested in pursuing this career, it's a good idea to get familiar with the job description and requirements of an underwriter position. You can also look at resume samples and examples of cover letters to assist you during the job search process. In this article, we review the role of an underwriter, discuss the qualifications required to become one, explore some tips for writing a cover letter for this role and provide an example cover letter to guide you when creating your own. If you're ready to apply for your next role, upload a resume file or build an Indeed Resume to get started. Michael Atkins
771-555-0199
michaelatkins@email.com January 22, 2023 Dear hiring manager, I am writing to inquire further about your open position for an Underwriter at Dream Finances Co. and to express my excitement about the opportunity. With over 12 years of experience in the industry, I can use my skills and knowledge to contribute to your company's financial growth. I'm always looking to further my underwriting abilities, and I feel this job would be a great place for me to grow as an Underwriter while completing valuable work for the company. As an Underwriter, I have enhanced my abilities by gaining certifications and completing academic coursework. I currently hold a Certified Mortgage Underwriter certificate and plan to work toward a higher credential in the future. My keen understanding of the research and financial components of the job allows me to make informed decisions in deciding whether a mortgage applicant is qualified for a loan. During my time working in previous positions, I successfully reviewed over 2,000 applications, and my work helped companies distribute funds sustainably and efficiently. Based on feedback from employers, I know that I have a strong ability to perform the necessary steps for approving applicants with accuracy. Thank you for your time and consideration. I look forward to hearing from you regarding further information about the position. I'm happy to answer any questions you may have in relation to my abilities, skills and professional experience. I feel confident that my understanding of effective underwriting will benefit Dream Finances Co. and offer me opportunities to expand and grow in my profession. Sincerely,
Michael Atkins To upload the template into Google Docs, go to File > Open > and select the correct downloaded file.

What is an underwriter?

An underwriter determines an applicant's eligibility for a loan, insurance policy or investment. They assess various factors associated with the applicant, including their number of assets and current financial status. The exact process an underwriter uses to perform their duties varies based on a client's industry. Examples of organizations an underwriter may work for include:

Investment companies
Mortgage companies
Insurance companies
Loan companies

There are four primary types of underwriters. These include:

Insurance underwriters: They review an individual's or company's insurance application to assess for potential risks. Their findings can help an insurance company determine if a specific policy should go to that individual or business.
Auto loan underwriters: Auto loan underwriters work with auto companies and dealerships to check the credit score and financial data of a potential buyer. If their information meets the requirements of the auto loan company and the bank providing the funds, an underwriter may approve the application.
Equity underwriters: Sometimes referred to as a securities underwriter, an equity underwriter helps determine the price of investment securities and plays a prominent role in the initial public offering (IPO) process.
Mortgage loan underwriters: These types of underwriters help lending companies determine if borrowers meet their qualifications for a home or related loan for a property.

Related: How To Become an Underwriter

Qualifications for underwriters

Most companies look for underwriters who hold a minimum of a bachelor's degree in finance or a related field. Underwriters may also hold certifications in their industry, such as a Certified Commercial Underwriter or a Certified Mortgage Underwriter certificate. Various entities offer these certifications, and individuals can often complete the courses required online. Many organizations may also prefer underwriters to have previous experience, such as working in an entry-level underwriter position or participating in an internship. Related: FAQ: Is Insurance Underwriting a Good Career To Pursue?

6 tips for writing an underwriter cover letter

Here are some tips to help you write an underwriter cover letter:

1. Perform research

Before you begin writing a cover letter for a specific position, it's important to first conduct research on the company. Many hiring managers ask about your knowledge of the company's values and goals during job interviews, and they often look for this answer in cover letters as well. Consider looking at the organization's website, social media profiles and any other information you can find online pertaining to the company.

2. Include information about your future objectives

Resumes often explain your previous experience and education, all of which occurred in the past. Your cover letter can focus on your future career prospects. For example, you can include information about what you hope to accomplish in the new position and how it can expand your growth and experience as a professional. It may also be helpful to discuss how your previous experiences can benefit a company's financial growth.

3. Start with a strong opening paragraph

Rather than only discussing your intention to apply for a position, consider starting an introduction with a sentence about why the job excites you and what qualifications you have to offer the company. You can include how many years of experience you have, discuss one or two skills you possess and explain why you're applying for the job. Be sure to stay concise and use action verbs.

4. Keep your tone professional

It's important to monitor your language's tone and ensure it stays professional throughout the cover letter. You may also want to avoid giving many compliments to the company or department. If you're unsure of the tone used throughout your cover letter, consider asking a friend or colleague to read over it and provide feedback before sending it out to employers.

5. Discuss your enthusiasm

Another important component of a cover letter is expressing your enthusiasm for the job and reiterating your hope that a company might consider you a strong candidate. For example, you could include a sentence that states, I am very excited about this opportunity, as it will allow me to further hone my skills and contribute to a meaningful and successful company. However, you may want to support these statements with some neutral, objective facts to enhance the document's professionalism.

6. Focus on your personal value system

Conveying what your personal value system is and how you can benefit a company's work environment can help attract potential employers to your application materials. Most hiring managers search for candidates who can help them solve issues and innovate new ideas to enhance business operations. Consider researching any issues the company may be experiencing and discuss how you can contribute to a solution. Related: Becoming a Commercial Underwriter (With Steps and Tips)

Underwriter skills

There are several skills that benefit underwriters in their professions, such as:

Analysis
Research
Mathematics
Decision-making
Communication
Interpersonal skills
Attention to detail