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: Bedfordview
Salary: Monthly
Looking for a skilled commercial underwriter with 3-5 years of experience in insurance, RE 5 qualification, and strong communication skills.
4 days ago
COMMERCIAL UNDERWRITER
Location: Johannesburg
Salary: Market related
Underwrite new policies and renewals.
5 days ago
COMMERCIAL UNDERWRITER - SPECIALIZING IN BUILDINGS SECTIONAL TITLE
Location: Johannesburg
Salary: 30 000 Monthly
An Insurance Company based in Rivonia/Sandton is currently seeking a commercial underwriter to ensure the accurate and efficient capturing, processing and completion of client policies, Specialising in buildings – Sectional Title.
8 days ago
COMMERCIAL UNDERWRITER
Location: Johannesburg
Salary: 30 000 Monthly
An Insurance Company based in Rivonia/Sandton is currently seeking a commercial underwriter to ensure the accurate and efficient capturing, processing and completion of client policies.
8 days ago
Commercial Underwriter (Body Corporate)
Location: Johannesburg
Salary: R300000
You will be responsible for the full underwriting function across commercial lines, with a specific focus on sectional title and body corporate portfolios.
67 days ago
Commercial Underwriter | Claremont
Location: Claremont, Western Cape
Salary: R30 000 - R40 000 pm
commercial underwriter | Claremont
78 days ago
Commercial Underwriter
Location: Roodepoort
Salary: 10000 Monthly
Join our team as a commercial underwriter in Roodepoort.
27 days ago
Commercial Lines Underwriter
Location: Johannesburg
Salary: R300 000
You will underwrite, issue, and service commercial lines policies end-to-endowning quotes, new business, renewals, amendments, and queries while safeguarding quality, compliance, and client retention.
9 days ago
Commercial Insurance Underwriter
Location: Johannesburg
Salary: Annually
Exciting career opportunity for a commercial underwriter within a short-term insurance brokerage based in the Randburg area
22 days ago
UNDERWRITING EXECUTIVE
Location: Johannesburg
Salary: Market related
You will guide and support a dedicated team of commercial and domestic underwriters.
5 days ago