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Associate Commercial Underwriter Jobs in Michigan

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Underwriter

East Lansing, MI · On-site

$70 - $100/hr

Associate Director of Underwriting & Risk Control Location: East Lansing, MI Department: Property ... commercial property/casualty, workers' compensation, or public entity experience preferred

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Underwriter

East Lansing, MI · On-site

Associate Director of Underwriting & Risk Control Location: East Lansing, MI Department: Property ... commercial property/casualty, workers' compensation, or public entity experience preferred

SET SEG

Underwriter

East Lansing, MI · On-site

Associate Director of Underwriting & Risk Control Location: East Lansing, MI Department: Property ... commercial property/casualty, workers' compensation, or public entity experience preferred

SET SEG

Underwriter

East Lansing, MI · On-site

Associate Director of Underwriting & Risk Control Location: East Lansing, MI Department: Property ... commercial property/casualty, workers' compensation, or public entity experience preferred

The Hartford

Captives Underwriter

Troy, MI · Hybrid

$124K - $199K/yr

... commercial auto for Captive programs. The Captives Underwriter's major purpose is to profitably ... Demonstrates excellent working relationships with all internal business associates leading to a ...

The Hartford

Captives Underwriter

Grand Rapids, MI · Hybrid

$124K - $199K/yr

... commercial auto for Captive programs. The Captives Underwriter's major purpose is to profitably ... Demonstrates excellent working relationships with all internal business associates leading to a ...

The Hartford

Captives Underwriter

Grand Rapids, MI · Hybrid

$124K - $199K/yr

... commercial auto for Captive programs. The Captives Underwriter's major purpose is to profitably ... Demonstrates excellent working relationships with all internal business associates leading to a ...

The Hartford

Captives Underwriter

Troy, MI · Hybrid

$124K - $199K/yr

... commercial auto for Captive programs. The Captives Underwriter's major purpose is to profitably ... Demonstrates excellent working relationships with all internal business associates leading to a ...

Chubb

Executive Underwriter, Property

Grand Rapids, MI · On-site

In conjunction with the Underwriter Associate, retain key assigned renewals and lead coordination ... With operations in 54 countries, Chubb provides commercial and personal property and casualty ...

Chubb

Executive Underwriter, Property

Troy, MI · On-site

In conjunction with the Underwriter Associate, retain key assigned renewals and lead coordination ... With operations in 54 countries, Chubb provides commercial and personal property and casualty ...

Encova Insurance

Underwriter, Small Business

Detroit, MI · On-site

$61K - $110K/yr

... underwriting experience with Package Lines and Workers' Compensation. We may hire a senior level ... Commercial Lines. Are you a Referral? If you know a current Encova Insurance associate and would ...

Dow

Senior Treaty Reinsurance Underwriter

Midland, MI · On-site

$84K - $100K/yr

... Associate in Risk Management (ARM), or Other Risk or Underwriting-related Designations. * Previous experience in treaty reinsurance underwriting, marketing and commercial reinsurance operations.

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Associate Commercial Underwriter information

What is an associate commercial underwriter?

Associate Commercial Underwriters are entry- to mid-level professionals who evaluate and analyze the risks involved in insuring businesses and commercial properties. They assist senior underwriters by reviewing applications, financial statements, and supporting documents to determine the terms and conditions for insurance coverage. Their responsibilities often include assessing risk, setting premiums, and ensuring that policies comply with company standards and regulations. They play a key role in helping insurance companies make informed decisions about which commercial accounts to insure.

What are the key skills and qualifications needed to thrive as an associate commercial underwriter?

To thrive as an Associate Commercial Underwriter, you need a strong understanding of risk assessment, analytical skills, and a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, industry databases, and sometimes insurance certifications like CPCU or AU is often required. Attention to detail, effective communication, and sound judgment are crucial soft skills for evaluating applications and collaborating with clients or brokers. These abilities are essential for accurately assessing risk, ensuring profitable portfolios, and maintaining positive client relationships.

What are some common challenges faced by associate commercial underwriters when evaluating new business applications?

Associate Commercial Underwriters often encounter challenges such as assessing incomplete or ambiguous information from clients, balancing risk with business growth objectives, and staying current with evolving underwriting guidelines and regulations. They must also communicate effectively with brokers, agents, and senior underwriters to clarify details and ensure accurate risk assessment. Developing strong analytical and interpersonal skills can help manage these challenges and contribute to successful underwriting decisions.

What is the difference between Associate Commercial Underwriter vs Commercial Underwriter?

AspectAssociate Commercial UnderwriterCommercial Underwriter
CredentialsBachelor's degree, relevant insurance certifications often preferredBachelor's degree, professional certifications like CPCU or CIC advantageous
Work EnvironmentEntry-level, team-based, collaborative office settingMid-level, independent decision-making, client interaction
Employer & Industry UsageInsurance companies, brokers, and agenciesInsurance companies, underwriting firms, brokers
Comparison Search IntentYesYes

The Associate Commercial Underwriter typically handles initial risk assessments and supports senior underwriters, focusing on learning and development. Commercial Underwriters take on more complex cases, make independent decisions, and manage larger accounts. Both roles require relevant insurance knowledge and certifications, but the Commercial Underwriter has greater responsibility and experience.

Is associate commercial underwriter a good career?

An associate commercial underwriter is an entry-level role in the insurance industry that involves evaluating and assessing commercial insurance applications. It offers opportunities for career growth, skill development in risk analysis, and may require industry certifications such as CPCU. The role typically involves a structured work environment with standard office hours and can lead to more advanced underwriting positions.

What are the most commonly searched types of Commercial Underwriter jobs in Michigan?

The most popular types of Commercial Underwriter jobs in Michigan are:

What cities in Michigan are hiring for Associate Commercial Underwriter jobs?

Cities in Michigan with the most Associate Commercial Underwriter job openings:

Associate Commercial Underwriter jobs near you

Underwriting Associate - Commercial Real Estate

Fifth Third

Detroit, MI • On-site

Full-time

Posted 4 days ago

Job description

Make banking a Fifth Third better
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

The ideal candidate will havea solidcredit agreement and underwriting skills, and the ability toidentifykey credit risks.This position is client-facing, requiring the individual toassistin diligence callsin support of deal teamsand support the negotiation of credit agreements.Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies andprocedures as defined. Accountable for always doing the right thing for customers andcolleagues andensures that actions and behaviorsdrive a positive customer experience. Whileoperatingwithin the Bank's risk appetite,achievesresults by consistentlyidentifying, assessing,managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Perform detailed due diligence on companies, industries, management teams, and other relevant information.

  • Build detailed financial projection models to analyze capital structures, performancetrends,and credit metrics.

  • Prepare succinct underwriting memorandums, including company and industry descriptions, key credit risks, historicalanalysis, base and downside case projection assumptions/rationale and terms and conditions.

  • Establish strong working partnerships and routines with key internal partners includingother Underwriters,Debt Capital Markets,andCredit Risk,

  • Manage multiple transactions/projects

  • Communicate effectivelywith dealteam members on status and prioritizationunderthe directionof senior underwriters.

  • Demonstrate knowledge of relevant credit policies and procedures and accurately identify policy exceptions.

  • Excel in both team and self-directed settings.

  • Train and develop Credit Analysts,includingreviewing theirworkproductandofferingfeedbackand coachingon credit memos and financialmodeling.

  • Maintain thorough knowledge of credit policies, procedures, and terminology.

SUPERVISORY RESPONSIBILITY:

None

MINIMUM KNOWLEDGE,SKILLSAND ABILITIES REQUIRED:

  • Bachelor's degree in Finance, Business Administration ora relatedfield.

  • Minimumof3yearsof experience in CRE underwriting or credit.

  • Demonstrate solid creditagreementand underwriting skills.

  • Attention to detail and excellent verbal and written communication skills.

  • Analytical capability, critical thinking, and problem-solving skills.

  • Strong work ethic; comfortable working in a fast-paced environment.

  • Proficiencyin Microsoft Excel; strong working knowledge of Word, Outlook, and related applications.

Underwriting Associate - Commercial Real EstateTotal Base Pay Range 82,100.00 - 172,500.00 USD Annual

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Charlotte, North Carolina 28202

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

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