Commercial Underwriter Job Description

A commercial underwriter is a type of insurance policy with a lot of definitions.

The main definitions are:a.

A commercial underwriter is the person who is writing (or will issue) the policy.

b.

A commercial underwriter is the person who deals with the requirements and policies of the insurance company.

c.

A commercial underwriter is the person who determines the insurance risk.

d.

A commercial underwriter is the person who is issuing an insurance policy.

e.

A commercial underwriter is a person or company who is hired by an insurance company to write their policies.

The company that hires the commercial underwriter, usually an insurance company or broker, hires the commercial underwriter to write

Job Brief:

We’re looking for a Commercial Underwriter to join our team! We offer a competitive salary and benefits package, and the opportunity to work with a great group of people. If you’re interested in this position, please submit your resume and cover letter today.

Commercial Underwriter Duties:

• Use knowledge of insurance practices and regulations to determine risks, evaluate claims, and recommend premium rates
• Research and evaluate coverage and claims, determining risk exposures and proposing terms
• Evaluate risk exposures by reviewing documentation, statements from third parties, and discussions with brokers and clients
• Provide recommendations and negotiate terms for policies

Commercial Underwriter Responsibilities:

• BA/BS degree or equivalent college degree
• 1+ years of experience in a commercial underwriting role
• Knowledge of evaluating and underwriting commercial risks; ability to review and assess each risk
• Knowledge of commercial insurance terminology and processes
• Strong negotiation and problem-solving skills
• Highly motivated

Requirements And Skills:

• Closely track and monitor all key metrics to ensure that production goals are met, while managing all underwriting activities, including capital-raising efforts and new company rollout
• Prepare and issue commercial credit memos, reconcile insurance applications, and support operational underwriting
• Oversee capital planning, distribution, and expense control
• Research and interpret industry rules and regulations
• Develop and implement new policies and procedures to increase efficiency
• Partner with Commercial Underwriter for Commercial Lines

Company Name is an inclusive company that values diversity. We encourage applications from all people, regardless of race, religion, national origin, gender, sexual orientation, gender identity, gender expression, or age. We are especially committed to building a team that includes veterans and individuals with disabilities.