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: Fourways
Salary: 20000 Monthly
We are hiring a commercial underwriter with 4-6 years of experience in Gauteng.
24 days ago

Senior Commercial Underwriter
Location: Nelspruit
Salary:
Senior Nelspruit commercial underwriterA well-established financial services provider is seeking an experienced and detail-oriented Senior commercial underwriter to join their dynamic team. This role requires a highly skilled professional with extensive underwriting experience in commercial insurance, strong analytical abilities, and the ability to assess and mitigate risk effectively.
30 days ago

Commercial Underwriter & Administrator
Location: Centurion
Salary:
55 days ago

Commercial Underwriter / Broker Assistant
Location: Pietermaritzburg
Salary:
78 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.
85 days ago

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

Commercial Underwriter
Location: Centurion
Salary: 25000 Monthly
commercial underwriter position
21 days ago

Personal and Commercial Lines Underwriter
Location: East Rand/bedford View/germiston/isando
Salary: 20000
A client of ours within the Insurance Sector is looking for a dedicated Personal and commercial Lines underwriter to join their firm.
14 days ago

Commercial and HCV Insurance Underwriter
Location: Durban
Salary:
An established client in the insurance industry is seeking an experienced underwriter specializing in commercial and Heavy commercial Vehicle (HCV) Insurance. The successful candidate will be responsible for assessing risks, processing underwriting applications, and ensuring compliance with underwriting policies and procedures.
27 days ago

Senior Short Term Commercial Administrator | Underwriter
Location: Pretoria
Salary: 40 000 Monthly
#SHIFTINTOHIGHCAREER by joining an Established Accounting Firm that seeks the expertise of a Senior Short Term commercial Administrator | underwriter
15 days ago