Job Description

Sterling Search Partners is helping a Birmingham client with its search for a contract Commercial Underwriter. The Commercial Underwriter is responsible for evaluating and underwriting insurance applications for businesses. This role involves analyzing risk, financials, and policy details to determine appropriate coverage and pricing for a variety of commercial clients.

Key Responsibilities:

• Review and assess commercial insurance applications, including property, casualty, liability, and workers' compensation coverage.
• Analyze financial statements, risk factors, and industry trends to determine the appropriate underwriting approach.
• Negotiate and structure insurance policies with brokers, agents, and clients.
• Determine premiums, policy limits, deductibles, and coverage terms based on risk assessment.
• Collaborate with sales, claims, and risk management teams to ensure the proper handling of policy issuance and renewals.
• Stay informed about industry regulations, market trends, and underwriting guidelines.
• Communicate with clients and brokers to request additional information or clarify details related to applications.
• Maintain accurate underwriting files and ensure timely processing of applications, endorsements, and renewals.
• Assess and monitor the performance of existing commercial accounts, making adjustments as needed.

Required Skills and Qualifications:

• Bachelor's degree in Business, Finance, Insurance, or a related field.
• 5 plus years commercial underwriting.
• Strong analytical skills with the ability to assess risk and financial data.
• Good knowledge of underwriting guidelines, industry regulations, and insurance products.
• Excellent communication and negotiation skills.
• Ability to work independently and as part of a team in a fast-paced environment.
• Proficiency in underwriting software and Microsoft Office Suite.

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