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


Commercial Underwriter - Logistics and Heavy Commercial vehicles exp
Location: Johannesburg
Salary: 35000 Monthly
The underwriter is responsible for short-term insurance policy administration (renewals, endorsements and new business) being written by the Insurance company Brokers, providing high quality service and solutions to Account Executives and clients to ensure business retention and profitable growth, always providing qualitative service levels to internal and external clients.  All service provi...
3 days ago


Commercial Underwriter Lead
Location: V & A Waterfront
Salary:
Our Client based in De Waterkant, Cape Town is seeking an experienced commercial underwriter Lead to join their team. The ideal candidate will be responsible for overseeing and guiding a team of commercial underwriters at a short-term insurance brokerage, ensuring high standards of underwriting, compliance, and client service are maintained.
4 days ago


Commercial Underwriter
Location: Johannesburg
Salary: 35000 Monthly
The underwriter is responsible for short-term insurance policy administration (renewals, endorsements and new business) being written by the  Insurance company Brokers, providing high quality service and solutions to Account Executives and clients to ensure business retention and profitable growth, always providing qualitative service levels to internal and external clients.  All service...
7 days ago


Commercial Underwriter
Location: Johannesburg
Salary: R25 000.00 Monthly
Retentions commercial underwriterJOB TITLE: Team LeaderREPORTS TO: Unit Manager Job Overview:DescriptionResponsible for incoming and outgoing sales calls including but not limited to emails and relevant communication internally and externally.Collecting all relevant information required in the underwriting process.To underwrite and apply necessary guidelines to ensure correct risk rating is a...
9 days ago


Commercial Underwriter
Location: Century City
Salary: Monthly
My Short Term Insurance Broker in Cape Town is looking for an underwriter with commercial & Domestic experience.
21 days ago


Commercial Underwriter
Location: Johannesburg
Salary: 15000 Monthly
Are you a skilled commercial underwriter looking for a rewarding opportunity? We have a reputable insurance company based in Roodepoort and they are seeking a talented and experienced commercial underwriter to join their team. If you are passionate about assessing risks, analyzing data, and ensuring comprehensive coverage for businesses, this could be the perfect role for you.
23 days ago


Commercial Underwriter
Location: Johannesburg
Salary: 35000 Monthly
My Broker Short Term Insurance Client in Fourways is looking for an underwriter with commercial & Personal Lines experience.
30 days ago


Commercial Underwriter (Gauteng)
Location: Johannesburg
Salary:
Position: commercial underwriterLocation: Wolwespruit, GautengIndustry: Financial ServicesCareer Level: Mid-levelEmployment Status: Full TimeQualifications:Certificate: NQF 4 Short Term InsuranceRegulatory examination 1 (Representatives) RE5 successfully completedMinimum of 10 years´ experience in short-term insurance, specializing in commercial linesDOFA confirmation from FSCAResponsibiliti...
8 days ago


COMMERCIAL UNDERWRITER (Sandton)
Location: Johannesburg
Salary: 25000
Our client is looking for a commercial underwriter 
25 days ago