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: Capetown
Salary: Market related
Red Ember Recruitment is looking for commercial underwriters to join a well-established brokerage that requires the services of two on-site experienced commercial lines underwriters at their office in Bellville.
23 days ago


Commercial Underwriter
Location: Capetown
Salary: Negotiable
Join a reputable and growing short-term insurance brokerage in the East Rand or Cape Town! We’re seeking an experienced commercial underwriter to enhance a dynamic team.
50 days ago


RE5 Qualified Commercial Underwriter (Short Term Insurance)
Location: Johannesburg
Salary: R28 000-R20 000
commercial underwriter (Short Term Insurance)
16 days ago


Commercial Lines Admin Assistant
Location: Centurion, Gauteng
Salary: Market Related
Exciting Opportunity: Join a Leading Financial Services Company as a commercial Lines Admin Assistant!
1 day ago


COMMERCIAL AND LITIGATION ATTORNEY - PRETORIA
Location: Pretoria
Salary: Negotiable dependent on experience.
commercial AND LITIGATION ATTORNEY PRETORIA
1 day ago


Commercial Manager
Location: Capetown
Salary: Annual Salary, Pension Fund, Travel Allowance
commercial Manager
2 days ago


Commercial Lead Sub Sahara Africa
Location: Nairobi
Salary: Monthly
A global pharmaceutical company is looking for a commercial Manager (Sub Sahara Africa Distributor Markets) to join their team in Kenya.
6 days ago


Commercial Manager Sub Sahara Africa
Location: Lagos
Salary: Monthly
A global pharmaceutical company is looking for a commercial Manager (Sub Sahara Africa Distributor Markets) to join their team in Lagos, Nigeria.
7 days ago


Supply Chain Business Analyst - Commercial Exports
Location: Cape Town
Salary:
A career move to use your commercial Export BUSINESS ANALYSIS finance experience reporting on business performance - shipments, stock depletions and tracking.Our Global Client with their premium brand of FMCG products needs your advanced Excel skills, Topaz, PowerPoint, multi-dimensional tools (ESSBASE, EOS, & Microsoft database type) essential.Must have relevant degree with minimum 3 to 5 yea...
7 days ago


Commercial Assistant - Temp
Location: Johannesburg
Salary: R14 000
commercial AssistantLocation: Gauteng Contract type: 3 months contract
8 days ago