• PGP in New Age Banking
    Co-created with Imarticus Learning
    4.8 out of 5 by 669 learners
    4x Industry Demand
  • POST GRADUATE DIPLOMA IN MANAGEMENT
    Co-created with BIMTECH
    4.8 out of 6071 learners
    2x industry demand
  • MBA in Investment Banking
    Co-created with Jain University
    4.5 out of 5 by467 learners
    2x industry demand
  • MBA in Fintech
    Co-created with Jain University
    4.4 out of 5 by 349 learners
    2x industry demand
  • MBA (Distance) in Banking and Finance with NGASCE
    Co-created with NMIMS
    4.7 out of 5 by 669 learners
    4x Industry Demand
  • Post Graduate Program in Banking and Credit Underwriting
    4.7 out of 5 by 1376 learners
    12 X industry demand
  • Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    4.9 out of 5 by 238 learners
    14 X industry demand
  • Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    4.6 out of 5 by 1421 learners
    6X industry demand
  • Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    4.6 out of 5 by 1139 learners
    4X industry demand
  • PGP in Banking and Wealth Management
    4.6 out of 5 by 1429 learners
    3X industry demand

Throughout your life, you would have seen countless advertisements for insurances (of all sorts.) However, if you have ever decided to fill one and go through the entire process, you would have faced the risk assessment.

Risk assessment is the insurance company’s way of determining whether insuring you would be a profitable deal or not, since each year, these companies are risking billions of dollars. Comprehensive risk management thus becomes more important.

A Credit Underwriting career is a career in which you do a risk assessment. Yes, a credit underwriter’s job description is to go through all the applicants and determine their risk coefficient. A credit underwriter’s job is both demanding and challenging, yet at the same time entertaining and lucrative.

 

Credit Risk Underwriting CareerLet us understand why credit underwriting is such a fascinating career option.

Credit Underwriting: Job Description

As an underwriter, you would be the person accepting any understated liability, thus making you the person who will be held responsible for the potential losses incurred by the client. A credit underwriter does the same thing in an economic context.

So, when you accept this highly analytical, 40-hours-a-week desk job, you will be expected to review the application for insurance coverage for people and organizations. You are supposed to extract all the valuable information from their applications and then use your computer to develop a risk factor coefficient.

You, as a Credit Underwriting Career, have a pivotal role in the company’s profits (and losses). Since a lenient underwriter would open up the company to unprecedented losses, a very strict underwriter would run the company into the ground by losing its business. Thus, striking the right balance is critical for any Credit Underwriting Career.

What makes credit underwriting fun?

From the description of Credit underwriting thus far, it seems more daunting than fun. However, there are many apparent benefits, and we have listed some of them below:

Credit Risk Underwriting CareerYou get to work with the latest technology:

Traditional means of risk assessment have been invalidated by advancements in technology like Machine Learning, Artificial Intelligence, and Deep Learning. You, as a credit underwriter of the 21st century, would be working mostly with such tech stacks. You would be using exciting and cutting-edge statistical modeling from day today.

Credit Risk Career Brochure

Insurance and other benefits:

Since you will be working with insurance agencies, and you will be bestowed upon the best plans for yourself without going through any painful process, you also have a high chance of having other benefits like retirement plans, etc.

Paycheck:

It is estimated that a Credit Underwriting Career would earn you about $69,380, which translates to about a whopping fifty-one lakh rupees an annum. That is a very lucrative reason to pick up underwriting as a career.

Credit Risk Underwriting CareerConclusion:

Credit Underwriting as a Career has its pros and cons like any other career. We hope to have provided you with enough information to make an informed choice on your own.

For Online Course Enquiries
About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
Related course
  • Placement Program
    PGP in New Age Banking
    Co-created with Imarticus Learning
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 5 by 669 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    8th Jan 2022 Live Instructor - Led Training Online
    Date Location Schedule
  • Finance
    POST GRADUATE DIPLOMA IN MANAGEMENT
    Co-created with BIMTECH
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.8 out of 6071 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    Live Instructor - Led Training Online
    Date Location Schedule
  • Recent Graduates
    MBA in Investment Banking
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.5 out of 5 by467 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Recent Graduates
    MBA in Fintech
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.4 out of 5 by 349 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Placement Program
    MBA (Distance) in Banking and Finance with NGASCE
    Co-created with NMIMS
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 669 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    8th Jan 2022 Live Instructor - Led Training Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program in Banking and Credit Underwriting
    Course duration(6)
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 1376 learners
    12 X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available MUMBAI Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.9 out of 5 by 238 learners
    14 X industry demand
    Upcoming Batches
    Date Location Schedule
    None DELHI Online
    Date Location Schedule
  • Certification
    Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    Course duration(Months)
    3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1421 learners
    6X industry demand
    Upcoming Batches
    Date Location Schedule
    27th November Live Instructor - Led Training Online
    Date Location Schedule
  • PRODEGREE
    Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    Course duration(Months)
    3
    Upcoming batches
    2
    Organizations enrolled
    20
    4.6 out of 5 by 1139 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    13th February ONLINE Weekend
    Date Location Schedule
    29th May ONLINE Weekend
  • Post Graduation
    PGP in Banking and Wealth Management
    Course duration(Months)
    2-3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1429 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    21st October CHENNAI Weekday
    Date Location Schedule