Career and Education Opportunities for Insurance Underwriters in South Carolina
South Carolina has a population of 4,561,242, which has grown by 13.69% in the last 10 years. Nicknamed the "Palmetto State," South Carolina's capital and most populous city is Columbia.
There are currently 1,200 jobs for insurance underwriters in South Carolina and this is projected to grow 6% to 1,270 jobs by 2016. This is better than the nation as a whole, where employment opportunities for insurance underwriters are expected to shrink by about 4.1%. In general, insurance underwriters review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
A person working as an insurance underwriter can expect to earn about $18 hourly or $38,910 yearly on average in South Carolina and about $27 hourly or $56,790 annually on average in the U.S. as a whole. Earnings for insurance underwriters are not quite as good as earnings in the general category of Accounting and Auditing in South Carolina and better than general Accounting and Auditing category earnings nationally. People working as insurance underwriters can fill a number of jobs, such as: underwriting service representative, marine underwriter, and underwriting director.
In 2008, there were a total of 2,579,280 jobs in South Carolina. The average annual income was $32,495 in 2008, up from $31,925 the preceding year. The unemployment rate in South Carolina was 11.7% in 2009, which has grown by 4.8% since the previous year. Roughly 20.4% of South Carolina residents have college degrees, which is lower than the national average.
The top industries in South Carolina include engine, turbine, and power transmission equipment manufacturing, textile mills, and plastics products manufacturing. Notable tourist destinations include the The Church of Jesus Christ of Latter, the University of South Carolina, and the Edventure.
CITIES WITH Insurance Underwriter OPPORTUNITIES IN South Carolina
JOB DESCRIPTION: Insurance Underwriter
In general, insurance underwriters review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Every day, insurance underwriters are expected to be able to read and understand documents and reports. It is also important that they articulate ideas and problems.
Similar jobs with educational opportunities in South Carolina include:
- Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
- Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
- Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
- Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
- Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
- Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
- Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
- Insurance Appraiser. Appraise automobile or other vehicle damage to determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of repair. Prepare insurance forms to indicate repair cost or cost estimates and recommendations.
- Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
- Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
- Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
- Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
LOCATION INFORMATION: South Carolina
South Carolina has a population of 4,561,242, which has grown by 13.69% over the past 10 years. Nicknamed the "Palmetto State," South Carolina's capital and biggest city is Columbia. In 2008, there were a total of 2,579,280 jobs in South Carolina. The average annual income was $32,495 in 2008, up from $31,925 the preceding year. The unemployment rate in South Carolina was 11.7% in 2009, which has grown by 4.8% since the previous year. Approximately 20.4% of South Carolina residents have college degrees, which is lower than the national average.
The top industries in South Carolina include engine, turbine, and power transmission equipment manufacturing, textile mills, and plastics products manufacturing. Notable tourist attractions include the Edventure, the University of South Carolina, and the The Church of Jesus Christ of Latter.