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 (Short-Term Insurance)
Location: Port Elizabeth
Salary: Monthly
Our client, a respected and established insurance brokerage based in Port Elizabeth, is seeking to appoint a commercial underwriter (Short-Term Insurance) to their dynamic team.The successful candidate will be responsible for the administration, underwriting, servicing, and retention of a portfolio of commercial insurance clients.  This role requires a highly organised and detail-oriented ins...
8 days ago


Commercial Underwriter (Short-Term Insurance)
Location: Port Elizabeth
Salary: Monthly
Our client, a respected and established insurance brokerage based in Port Elizabeth, is seeking to appoint a commercial underwriter (Short-Term Insurance) to their dynamic team.The successful candidate will be responsible for the administration, underwriting, servicing, and retention of a portfolio of commercial insurance clients.  This role requires a highly organised and detail-oriented ins...
18 days ago


Commercial underwriter
Location: Johannesburg
Salary: Market Related
commercial underwriter
29 days ago


Commercial Underwriter
Location: Pretoria
Salary: 30 000 Monthly
commercial underwriter, Montana Park, Pretoria (Hybrid Role)
47 days ago


UNDERWRITER III COMMERCIAL LINES
Location: Bryanston
Salary: Market related
To underwrite commercial business, including new policies, renewals, endorsements, quotes, and other
1 day ago


Commercial Insurance Internal Broker | Durbanville
Location: Durbanville, Western Cape
Salary: Market Related
commercial Insurance Internal Broker | Durbanville
53 days ago


Insurance Administrator
Location: Johannesburg
Salary: 17000 Monthly
Insurance AdministratorMid Career (2 - 4 yrs exp) - Gauteng - JHB - Northern Suburbs - Permanent
1 day ago


Short Term Insurance Underwriter
Location: Bloemfontein
Salary:
39 days ago


Commercial Insurance Internal Broker
Location: Capetown
Salary: Market related
commercial Insurance Internal Broker
53 days ago


Short-term Insurance Administrator - Paarl
Location: Paarl
Salary:
Our client is an established insurance brokerage based in the heart of Paarl is looking for an experienced Short-term Insurance Administrator / underwriter.This is a hands-on short-term insurance administration and underwriting role, with primary responsibility for renewals, policy servicing, new business administration and underwriting functions across our short-term insurance portfolio. The...
26 days ago