Commercial Underwriter

 

Becoming a commercial underwriter is a great way to ensure your business has the financial resources it needs to thrive. You'll work with companies that need funding and help them get the money they need.

It's also an exciting and rewarding career that will allow you to work with businesses in all sorts of industries and all kinds of capacities. You may be able to help small businesses start up or help established businesses grow their operations. You might even get involved with some of the biggest companies in your field—the sky's the limit!

If this sounds like something you'd be interested in learning more about, here are some of the benefits:

• You'll be able to make a difference in people's lives by helping them get the money they need for their projects or businesses.
• You'll learn how to manage risk and evaluate risk management strategies so that you're always working with clients who are making sound financial decisions.
• You'll have opportunities for advancement within your firm and outside it (if you decide to move up).

What is a Commercial Underwriter?

Commercial underwriting is the process of determining the risk associated with insuring a business or other entity. Through this process, an insurance company will determine what amount of coverage is appropriate for a given customer and what type of coverage would work best for them.

 

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Commercial Underwriter Job Description

Commercial Underwriter Job Overview

Commercial underwriters are responsible for determining a company's risk to an insurance company. They evaluate the company's business, operations and financial statements to determine if they fit into specific guidelines set by the insurance provider.

Responsibilities of a Commercial Underwriter

As an underwriter, you'll be responsible for several different tasks:

• Reviewing applications submitted by potential policyholders and making recommendations about whether or not to accept them
• Verifying whether applicants meet all the eligibility requirements for the coverage requested (such as having sufficient assets or income)
• Determining whether the applicant's risk factors match those of the policy being requested (such as having too many speeding tickets)
• Assessing how much risk insurers should take on by issuing policies (for example, whether someone is likely to cancel their policy before it expires)
• Determining a client's eligibility for coverage based on criteria such as industry and sales volume
• Writing policy language for use in insurance contracts with clients

Commercial Underwriter Qualifications

Commercial underwriters have a variety of skills and qualifications. These include:

• Obtain a Bachelor's Degree in Risk Management, Finance or Business
• Experience in commercial lending, including consumer finance and real estate lending.
• Strong analytical skills. Commercial underwriters must be able to analyse financial statements, assess risk and make recommendations based on their findings.
• Excellent customer service skills. They must be able to interact with clients professionally regardless of the situation or circumstances. They may also be responsible for explaining complex financial concepts to clients who may not have a firm grasp of business or accounting principles.

Search jobs similar to this role and find your dream job! Happy hunting.

 

Commercial Underwriter Jobs currently open:

Commercial Underwriter
Location: Durban
Salary: Market Related
commercial underwriter
4 days ago


COMMERCIAL UNDERWRITER
Location: Bryanston
Salary: Market related
Underwrite new policies and renewals, do endorsements, quotes, other ancillary underwriting function
5 days ago


COMMERCIAL UNDERWRITER
Location: Bryanston
Salary: Market related
Underwrite new policies and renewals, do endorsements, quotes, other ancillary underwriting function
66 days ago


Commercial Underwriter
Location: Johannesburg
Salary: 10000 Monthly
Join our team as a commercial underwriter responsible for renewals, endorsements, and new business quotes in the Short Term Insurance sector.
18 days ago


Commercial Lines Underwriter
Location: Claremont, Western Cape
Salary: R480 000 per Annum
commercial Lines underwriter – Join a Leading Short-Term
9 days ago


Short Term Insurance Underwriter (Commercial Lines)
Location: Port Elizabeth
Salary:
30 days ago


Senior Commercial Lines Underwriter
Location: Port Elizabeth
Salary: Monthly
Our client, a reputable player in the insurance industry, is seeking a Senior commercial Lines underwriter to join their team based in Port Elizabeth. This is a permanent position suited for an experienced underwriting professional who can manage both service and sales responsibilities within an established book of business.
24 days ago


Commercial Vehicle Sales Consultant, Cape Town
Location: Capetown
Salary: Basic + com + car and benefits
commercial Vehicle Sales Consultant, Cape Town
1 day ago


Commercial Vehicle Sales Consultant - Cape Town
Location: Capetown
Salary: Basic salary plus large company benefits, and incentive scheme.
commercial Vehicle Sales Consultant - Cape Town
1 day ago


Client Banking Analyst (Commercial Banking & Transformation)
Location: Polokwane
Salary: Annually
A well-established business is seeking to appoint a Client Banking Analyst (commercial Banking & Transformation)
1 day ago