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 and Administrator
Location: Pretoria
Salary:
commercial underwriter and Administrator - Pretoria East - Gauteng
11 days ago

Commercial Underwriter and Administrator
Location: Centurion
Salary:
11 days ago

Commercial Underwriter
Location: Capetown
Salary: Market related
Join a reputable and growing Short-Term Insurance brokerage!
56 days ago

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

Commercial Underwriter
Location: Capetown
Salary: Negotiable
Join a well-respected and expanding short-term insurance brokerage in the East Rand & Cape Town. We’re looking for an experienced commercial underwriter to join our dynamic team and contribute to our commitment to excellence
56 days ago

Commercial Underwriter
Location: Durban
Salary: R300 000 per Annum
Seeking a commercial underwriter in the Insurance Sector
26 days ago

Commercial Underwriter | Remote Based
Location: Capetown
Salary: R240 000 Per Annum
Remote Opportunity: commercial underwriter Needed!
26 days ago

COMMERCIAL UNDERWRITER
Location: Johannesburg
Salary: 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.
21 days ago

Underwriter - Cape Town Durbanville
Location: Durbanville Cape Town
Salary: Negotiable
Join a reputable and growing short-term insurance brokerage in Durbanville! We’re seeking an experienced commercial underwriter to enhance a dynamic team
56 days ago

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