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Title
Text copied to clipboard!Commercial Underwriter
Description
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We are looking for a Commercial Underwriter to join our dynamic insurance team. As a Commercial Underwriter, you will be responsible for evaluating and assessing the risks associated with insuring businesses and commercial properties. Your primary role will involve analyzing applications for insurance coverage, determining the level of risk involved, and deciding whether to provide coverage and at what terms. You will work closely with brokers, agents, and clients to gather necessary information, review financial statements, and assess the potential for loss. Your expertise will help ensure that the company maintains a profitable portfolio while providing clients with appropriate coverage options. In this role, you will also be expected to stay up-to-date with industry trends, regulatory changes, and emerging risks that could impact the commercial insurance market. You will use your analytical skills to make informed decisions, negotiate policy terms, and develop solutions that meet both the company's and clients' needs. Strong communication and interpersonal skills are essential, as you will be required to explain underwriting decisions, build relationships with stakeholders, and provide exceptional customer service. The ideal candidate will have a keen eye for detail, strong problem-solving abilities, and a solid understanding of commercial insurance products and risk assessment methodologies. Previous experience in underwriting or a related field is highly desirable. If you are a motivated professional with a passion for risk analysis and a commitment to excellence, we encourage you to apply for this exciting opportunity.
Responsibilities
Text copied to clipboard!- Evaluate and analyze commercial insurance applications
- Assess risk levels and determine appropriate coverage terms
- Review financial statements and business operations
- Collaborate with brokers, agents, and clients
- Negotiate policy terms and pricing
- Ensure compliance with company policies and regulations
- Monitor and manage a portfolio of commercial policies
- Stay informed about industry trends and regulatory changes
- Prepare detailed reports and documentation
- Provide guidance and support to junior underwriters
- Participate in training and professional development activities
Requirements
Text copied to clipboard!- Bachelor’s degree in finance, business, or related field
- Proven experience in commercial underwriting or insurance
- Strong analytical and decision-making skills
- Excellent communication and negotiation abilities
- Attention to detail and organizational skills
- Knowledge of commercial insurance products and regulations
- Ability to work independently and as part of a team
- Proficiency in underwriting software and Microsoft Office
- Strong customer service orientation
- Professional certifications (e.g., CPCU) are a plus
Potential interview questions
Text copied to clipboard!- What experience do you have in commercial underwriting?
- How do you assess and manage risk in insurance applications?
- Describe a challenging underwriting decision you made.
- How do you stay updated with industry trends and regulations?
- What strategies do you use to negotiate policy terms?
- How do you handle conflicts with brokers or clients?
- What underwriting software are you proficient in?
- How do you prioritize multiple underwriting tasks?
- Describe your experience with financial statement analysis.
- What motivates you to work in insurance underwriting?
