Hiring Guide for Underwriting Specialists in Mesa
According to research from the Institute of Management Accountants and Robert Half, 24% of finance professionals are considering quitting their jobs soon.
Check out how you can save up to 70% vs traditional hiring costs with our TEAM BUILDER.
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Is there a shortage of Underwriting Specialists, and how are market leaders responding?
A recent study by the Institute of Management Accountants and Robert Half found that about 24% of finance professionals, including Underwriting Specialists, are considering leaving their jobs in 2024, with 17% planning to move in the coming months.
In response to these hiring challenges, many US businesses are turning to outsourcing. If you go this route, it’s crucial to select a provider with ethical practices, a strong culture of community engagement, and robust data security measures, including ISO certification and solid Business Continuity Plans (BCP), to ensure the safety of your data and operations.
When hiring an Underwriting Specialist for your Mesa business, seek candidates with these key skills:
- Underwriting: Assess and decide on insurance policy issuance based on risk evaluations
- Risk assessment: Identify and analyze potential risks associated with insurance applicants
- Policy issuance: Create, review, and issue insurance policies accurately and efficiently
- Policy management: Maintain and update existing policies, handle renewals, and ensure accurate policyholder information
- Risk mitigation: Develop and implement strategies to reduce risks and advise clients on risk reduction practices
- Software expertise: Skills in using tools such as Ellie Mae Encompass, Optimal Blue, Sageworks, UnderwritingPro, and Zoot Enterprises
A guide to interviewing Underwriting Mesa Specialists: Questions to ask
To find the right Underwriting Specialist for your Mesa business, review their skills with these questions:
- What do you do if you can’t gather enough financial information on an application?
- How do you factor in debt-to-loan ratios when assessing risk?
- Which underwriting and statistical software are you most familiar with?
- If a client has a rocky financial past but has been doing great recently, how do you review and assess their risk?
- What are two red flags that would make you immediately decline a loan application?
- Can you tell me about a time when you approved a customer who seemed high-risk? What data did you rely on?
How much does hiring an outsourced Underwriting Specialist for Mesa cost?
Considering hiring a remote Underwriting Specialist for your Mesa company? Costs can vary based on location, skills, and experience. Hiring locally means higher expenses, including salaries, health insurance, retirement benefits, and office costs, which can increase the total by at least 30%. Plus, recruitment fees can add up to 20% of the first-year salary.
Alternatively, hiring from countries like the Philippines, Colombia, or India can result in substantial savings. Outsourced Underwriting Specialists’ monthly costs depend on their expertise, and tools like Cloudstaff’s Teambuilder can help you calculate these savings.
Steps to hiring Underwriting Specialists with Cloudstaff
Here’s how Cloudstaff simplifies hiring an Underwriting Specialist for Mesa businesses.
Match
We use a database of 700,000 candidates and AI technology to find the right match for you.
Interview
We streamline the selection process to ensure you meet only the best candidates.
Offer
We handle all local employment paperwork, from offers to contracts.
Enable
On day one, your new hires have everything they need, including equipment and secure logins.
Induct
Our thorough legal induction ensures all new hires are compliant from the start.
Train
We provide access to training materials and to our learning platform, CS Academy, for ongoing talent development.
Manage
Our team supports productivity, staff relations, and growth, helping your workforce thrive.
Onboarding & training Underwriting Specialists at Cloudstaff, your Employer of Record
Thinking of outsourcing Underwriting Specialists for your Mesa business? It’s essential to understand remote staffing laws in different countries. Cloudstaff, operating in the Philippines, Colombia, and India, handles payroll, taxes, and benefits, allowing you to focus on managing your team.
Finding candidates who fit culturally is crucial. We prioritize English fluency and teamwork to align with Mesa’s business culture, assisting you in evaluating skills during the hiring process.
With Cloudstaff, your remote Underwriting Specialists will integrate seamlessly into your Mesa team. We set clear expectations, provide extensive training, and foster a supportive remote work culture. Our Client Growth Partners also ensure everything runs smoothly from the start as your team grows.
What makes Cloudstaff’s remote staffing solutions different from other outsourcing models?
Cloudstaff excels in the offshoring industry with a unique approach to managing remote teams.
Cloudstaff’s remote staffing solutions
Ethical outsourcing
- Committed to safety, employee growth, and a celebrated work culture
- Transparent pricing, and comprehensive benefits
- Robust Business Continuity Planning (BCP)
#1 Workplace
- Your trusted co-pilot to find the best talent
- Our recruitment experts offer access to over 700,000 skilled remote professionals worldwide, supported by our comprehensive Cloudstaff Academy
Operational brilliance
- Dedicated to your remarkable growth, our Client Growth Partners are always there for you whenever you need them
- We provide exceptional staff, mobilize teams, and manage performance to move your business forward
Enterprise-grade outsourcing
- Significant investment in advanced technology and platforms
- Unrivaled security features tailored for enterprise need
- Leading-edge in tech-enabled solutions with top-tier remote work technology and AI talent augmentation
- We have a Google-alum Chief AI Officer who is advancing our proprietary AI to enhance matching accuracy, ensure a private generative AI environment for secure staff usage, and develop specialized AI toolkits for various industries.
Other outsourcing models
Direct contracting
- Compliance issues due to legal concerns
Freelance hiring
- Tax obligations not met
- Lack of full-time commitment
Traditional outsourcing
- Ethical considerations
- Potential business risks
- Limited post-sales support
Establishing a local entity
- Initial investment requirement of approximately $250k
- Additional considerations for local equipment procurement
- Necessitates investment in local human resources and cultural integration
- Local bureaucratic hurdles
To keep top Underwriting Specialists happy in your Mesa business
Create a welcoming environment that values their skills. Offer perks, recognition programs, and growth opportunities, and promote work-life balance to make them feel valued.
Check out how you can save up to 70% vs traditional hiring costs with our TEAM BUILDER.
Download a custom remote staffing business case tailored to your hiring needs.
Are budget and hiring issues holding you back?
Let us help you find the right staff for you.
