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 UNDERWRITERLocation: Bryanston
Salary: Market related
Underwrite new policies and renewals, do endorsements, quotes, other ancillary underwriting function
20 days ago
Commercial Underwriter & Administrator
Location: Centurion
Salary:
82 days ago
RE5 Qualified Commercial Underwriter (Short Term Insurance)
Location: Johannesburg
Salary: R28 000-R20 000
commercial underwriter (Short Term Insurance)
78 days ago
National Commercial Manager
Location: Durban
Salary:
#SHIFTINTOHIGHCAREER by joining an International Ships Agency that seeks the expertise of a National commercial Manager
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National Commercial Manager
Location: Umhlanga
Salary:
Umhlanga. National commercial Manager | Shipping and LogisticsA leading player in the shipping and logistics industry is seeking an experienced National commercial Manager to lead their Durban-based team. This senior role will drive commercial strategy, spearhead sales, marketing, and customer service efforts, and lead national teams to boost revenue and market share. At least 8 yea...
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Senior Specialist Commercial Operations System Enablement
Location: Centurion
Salary: 1500000 Annually
If you're a systems-savvy specialist with a strong background in commercial operations enablement and a passion for operational excellence, this one’s for you. A major player in the telecoms/technology space is on the hunt for a Senior Specialist to take ownership of system design, implementation, and optimisation, aligning tools and processes with business goals.You'll work closely with Com...
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Inbound Insurance Sales Consultant (Business and Commercial)
Location: Pretoria
Salary: 12000 Monthly
Our client is launching a new pilot project exploring how personal lines building insurance products can be positioned for non-individual policyholders, such as trusts and registered businesses. This is not a commercial insurance role – no commercial insurance license or products are involved.They are seeking an Inbound Building/Commerical Insurance Consultant who will assist with interpreti...
4 days ago
Senior Commercial Operation Manager
Location: Mpumalanga
Salary: R936, 559.67 - R1, 448, 589.88 P/A
Senior commercial Operation Manager
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Commercial Manager
Location: Groblersdal
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We have a position available for a commercial Manager with citrus and/or grapes experience. You will be responsible for overseeing shipping and air freight logistics. Candidates from Gauteng or Limpopo will be considered for a hybrid role.
5 days ago
Legal Commercial Leasing Agent
Location: Durban
Salary: R300 000 Annually
Our client, a leader in commercial Property Development is seeking a highly skilled Legal commercial Leasing Agent with an LLB qualification to join their team and focus on managing and negotiating commercial property leases, particularly for retail clients. The ideal candidate will have expertise in legal leasing processes, ensuring compliance with relevant laws and regulations, and managing ener...
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