FIND PERSONALIZED JOBS
Sign up to Zippia and discover your career options with your personalized career search.
Sorry, we can't find that. Please try a different city or state.

Underwriter Overview

This job has expired and is no longer available.
APPLY NOW
Apply Now
×
FIND
PERSONALIZED JOBS

Sorry, we can't find that. Please try a different city or state.

CONTENT HAS
BEEN UNLOCKED
Close this window to view unlocked content
or
find interesting jobs in

Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

Sign Up

SIGN UP TO UNLOCK CONTENT

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Forgot Password?

Don't have an account? Sign Up

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

Sign up to save the job and get personalized job recommendations.

Sign up to dismiss the job and get personalized job recommendations.

or
The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Already have an account? Log in

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Company Saved

Answer a few questions and view jobs at that match your preferences.

Where do you want to work?

Job Saved

See your Saved Jobs now

or

find more interesting jobs in

Job Dismissed

Find better matching jobs in

Your search has been saved!

Working As An Underwriter

  • Getting Information
  • Making Decisions and Solving Problems
  • Analyzing Data or Information
  • Processing Information
  • Documenting/Recording Information
  • Mostly Sitting

  • Make Decisions

  • Repetitive

  • $64,000

    Average Salary

What Does An Underwriter Do

Insurance underwriters decide whether to provide insurance and under what terms. They evaluate insurance applications and determine coverage amounts and premiums.

Duties

Insurance underwriters typically do the following:

  • Analyze information stated on insurance applications
  • Determine the risk involved in insuring a client
  • Screen applicants on the basis of set criteria
  • Evaluate recommendations from underwriting software
  • Contact field representatives, medical personnel, and others to obtain further information
  • Decide whether to offer insurance
  • Determine appropriate premiums and amounts of coverage

Underwriters are the main link between an insurance company and an insurance agent. Insurance underwriters use computer software programs to determine whether to approve an applicant. They take specific information about a client and enter it into a program. The program then provides recommendations on coverage and premiums. Underwriters evaluate these recommendations and decide whether to approve or reject the application. If a decision is difficult, they may consult additional sources, such as medical documents and credit scores.

Underwriters analyze the risk factors appearing on an application. For instance, if an applicant reports a previous bankruptcy, the underwriter must determine whether that information is relevant to the current policy. The underwriter would consider how far in the past the bankruptcy occurred and how the applicant’s financial situation has changed since the applicant filed for bankruptcy.

Insurance underwriters must achieve a balance between risky and cautious decisions. If underwriters allow too much risk, the insurance company will pay out too many claims. But if they don't approve enough applications, the company will not make enough money from premiums.

Most insurance underwriters specialize in one of three broad fields: life, health, and property and casualty. Although the job duties in each field are similar, the criteria that underwriters use vary. For example, for someone seeking life insurance, underwriters consider age and financial history. For someone applying for car insurance (a form of property and casualty insurance), underwriters consider the person’s driving record.

Within the broad field of property and casualty, underwriters may specialize even further, into commercial (business) insurance or personal insurance. They may also specialize by the type of policy, such as insuring automobiles, boats (marine insurance), or homes (homeowners’ insurance).

Show More

Show Less

How To Become An Underwriter

Employers prefer to hire candidates who have a bachelor’s degree. However, insurance-related work experience and strong computer skills may be enough. Certification is generally necessary for advancement to senior underwriter and underwriter manager positions.

Education

Most firms prefer to hire applicants who have a bachelor’s degree. Courses in business, finance, economics, and mathematics are particularly helpful.

Training

Beginning underwriters usually work as trainees under the supervision of senior underwriters. Trainees work on basic applications and learn the most common risk factors. As they gain experience, they become responsible for more complex applications and work independently.

Licenses, Certifications, and Registrations

Employers often expect underwriters to become certified through coursework. Courses are important for keeping current with new insurance policies and for adjusting to new technology and changes in state and federal regulations. Certification is often necessary for advancement to senior underwriter and underwriter management positions. Many certification options are available.

For underwriters with at least 3 years of insurance experience, The Institutes offer the Chartered Property and Casualty Underwriter (CPCU) designation. For beginning underwriters, The Institutes offer a training program.

The Institutes also offer two special designations: Associate in Commercial Underwriting (AU) and Associate in Personal Insurance (API). To earn either the AU or API designation, underwriters complete a series of courses and exams that generally take 1 to 2 years.

The National Association of Insurance and Financial Advisors offers an introductory course in basic insurance concepts: the Life Underwriter Training Council Fellow (LUTCF). The American College of Financial Services offers the Chartered Life Underwriter (CLU) certification.

Important Qualities

Analytical skills. Underwriters must be able to evaluate information from a variety of sources and solve complex problems.

Decisionmaking skills. Underwriters must consider the costs and benefits of various decisions and choose the appropriate one.

Detail oriented. Underwriters must pay attention to detail, because each individual item on an insurance application can affect the coverage decision.

Interpersonal skills. Underwriters need good communication and interpersonal skills because much of their work involves dealing with other people, such as insurance agents.

Math skills. Determining the probability of losses on an insurance policy and calculating appropriate premiums require mathematical ability.

Show More

Show Less

Do you work as an Underwriter?

Send To A Friend

Underwriter Jobs

NO RESULTS

Aw snap, no jobs found.

Add To My Jobs

Underwriter Career Paths

Underwriter
Mortgage Underwriter Senior Underwriter
Underwriting Manager
8 Yearsyrs
Account Manager Business Manager Controller
Controller, Vice President
11 Yearsyrs
Account Manager Vice President Vice President And Manager
Vice President Operation Manager
10 Yearsyrs
Account Manager Owner Vice President
Vice President And Portfolio Manager
10 Yearsyrs
Team Leader Project Manager Portfolio Manager
Senior Portfolio Manager
10 Yearsyrs
Senior Credit Analyst Credit Manager
Senior Credit Manager
5 Yearsyrs
Team Leader Branch Manager Relationship Manager
Business Relationship Manager
9 Yearsyrs
Team Leader Operations Manager Operations Director
Assistant Vice President Operations
8 Yearsyrs
Executive Assistant Human Resources Generalist
Benefits Manager
8 Yearsyrs
Assistant Manager Assistant Branch Manager
Credit Manager
5 Yearsyrs
Claims Adjuster Benefit Specialist
Employee Benefits Manager
7 Yearsyrs
Senior Underwriter Underwriting Manager
Underwriting Director
8 Yearsyrs
Branch Manager Vice President Senior Vice President
Chief Risk Officer
9 Yearsyrs
Compliance Analyst Compliance Officer Safety Consultant
Loss Control Consultant
10 Yearsyrs
Consumer Loan Underwriter
Lending Services Manager
8 Yearsyrs
Claims Adjuster Claims Manager Risk Manager
Risk And Insurance Manager
6 Yearsyrs
Operations Manager Safety Manager
Loss Control Manager
6 Yearsyrs
Consumer Loan Underwriter Bankruptcy Specialist
Property Preservation Specialist
5 Yearsyrs
Assistant Branch Manager Banking Center Manager Client Manager
Client Account Manager
6 Yearsyrs
Show More
Share

Average Length of Employment
Life Underwriter 5.4 years
Bond Underwriter 5.0 years
Senior Underwriter 4.7 years
Underwriter 4.0 years
Loan Analyst 2.4 years
Loan Auditor 2.2 years
Junior Underwriter 2.2 years
Mortgage Analyst 2.0 years
Loan Reviewer 1.9 years
Top Careers Before Underwriter
Processor 4.4%
Top Careers After Underwriter
Analyst 3.0%
Auditor 2.5%
Processor 2.4%
Manager 2.3%

Do you work as an Underwriter?

Average Yearly Salary
$64,000
Show Salaries
$41,000
Min 10%
$64,000
Median 50%
$64,000
Median 50%
$64,000
Median 50%
$64,000
Median 50%
$64,000
Median 50%
$64,000
Median 50%
$64,000
Median 50%
$98,000
Max 90%
Best Paying Company
Google
Highest Paying City
San Francisco, CA
Highest Paying State
Delaware
Avg Experience Level
3.6 years
How much does an Underwriter make at top companies?
The national average salary for an Underwriter in the United States is $64,390 per year or $31 per hour. Those in the bottom 10 percent make under $41,000 a year, and the top 10 percent make over $98,000.

Real Underwriter Salaries

Job Title Company Location Start Date Salary
Underwriter, Weather and Energy Westport Insurance Corporation New York, NY Jun 21, 2016 $220,000 -
$225,000
Regional Casualty Underwriter Berkley Insurance Company Miami, FL Apr 03, 2015 $183,600
Regional Casualty Underwriter Berkley Insurance Company Miami, FL Aug 04, 2015 $180,000
Program Underwriter R-T Specialty, LLC Glendale, CA Oct 24, 2011 $175,000
Lead Underwriter and Arranger Royal Bank of Canada New York, NY Jul 27, 2015 $170,000
Regional Casualty Underwriter Berkley Latin America Underwriting Managers LLC Jacksonville, FL Apr 03, 2012 $150,000 -
$175,000
Regional Casualty Underwriter Berkley Latin America Underwriting Managers LLC Miami, FL Jun 11, 2012 $150,000 -
$175,000
Regional Casualty Underwriter Berkley Insurance Company Miami, FL May 20, 2013 $150,000 -
$175,000
Consortium Energy/Engineering Underwriter Navigators Management Company, Inc. Houston, TX Aug 30, 2015 $150,000 -
$200,000
Regional Casualty Underwriter Berkley Insurance Company Miami, FL May 15, 2013 $150,000 -
$175,000
Underwriter Atrium Risk Management Services (Washington) Ltd. San Francisco, CA Oct 18, 2015 $135,000
Underwriter Westport Insurance Corporation New York, NY Nov 18, 2016 $130,000 -
$135,000
Underwriter The Debt Exchange, Inc. Boston, MA Sep 16, 2013 $94,700
Credit Underwriter Banco Bilbao Vizcaya Argentaria, S.A. New York, NY Sep 03, 2015 $91,000 -
$100,000
Facultative Underwriter Validus Services, Inc. Groveland, FL Sep 01, 2011 $90,000
Underwriter 4 Suntrust Banks, Inc. Orlando, FL Oct 13, 2011 $87,000
Treaty Underwriter (Reinsurance) Swiss Re America Holding Corporation Miami, FL Jun 12, 2012 $85,000
Treaty Underwriter Swiss Re America Holding Corporation Armonk, NY Jan 01, 2011 $85,000
Assistant Underwriter Validus Services Inc. New York, NY Oct 31, 2012 $85,000
Assistant Underwriter Validus Services Inc. New York, NY Nov 01, 2012 $85,000
Underwriter II-Tax Credit The PNC Financial Services Group, Inc. Pittsburgh, PA Jul 09, 2016 $73,700
Casualty Facultative Underwriter Everest Reinsurance Company Miami, FL Sep 01, 2013 $70,000
Excess Umbrella Underwriter Nations Builders Insurance Services, Inc. Atlanta, GA Nov 22, 2012 $69,000
Market Facing Underwriter II Zurich American Insurance Company New York, NY Dec 02, 2013 $68,100
Underwriter FORA Financial, LLC New York, NY Sep 17, 2014 $67,431
Underwriter Aspen Insurance Us Services, Inc. Boston, MA Aug 27, 2014 $66,125
Underwriter Hiscox Inc. Los Angeles, CA Aug 13, 2015 $66,000
Production Underwriter Affiliated FM Insurance Company Plano, TX Oct 01, 2012 $65,478 -
$90,000

No Results

To get more results, try adjusting your search by changing your filters.

See More Salaries

Top Skills for An Underwriter

  1. Loan Portfolio
  2. Underwriting Guidelines
  3. Loan Applications
You can check out examples of real life uses of top skills on resumes here:
  • Sample contracts included reviewing troubled loans for re-purchase, and evaluating loan portfolio financial performance for various national institutional clients.
  • Maintained knowledge of all applicable underwriting guidelines by completing all underwriter training programs, learning any business unit policy and/or guidelines.
  • Evaluate mortgage and other loan applications to determine acceptability and compliance with applicable state and federal regulations, investor guidelines.
  • Review mortgage loan submission, income and asset documentation, credit reports and other documentation and verify accuracy of documents submitted.
  • Review of all income documentation and requesting re-verification of employment and income if necessary based on file's underwriting guidelines.

Rank:

Average Salary:

Embed On Your Website

Top 10 Best States for Underwriters

  1. Delaware
  2. Ohio
  3. Connecticut
  4. Rhode Island
  5. Nevada
  6. Pennsylvania
  7. Utah
  8. Kentucky
  9. South Dakota
  10. Nebraska
  • (16 jobs)
  • (229 jobs)
  • (64 jobs)
  • (14 jobs)
  • (26 jobs)
  • (155 jobs)
  • (46 jobs)
  • (43 jobs)
  • (11 jobs)
  • (35 jobs)

Underwriter Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applier with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate. At Zippia, we went through over 29,899 Underwriter resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Create A Top Notch Underwriter Resume

View Resume Examples

Underwriter Demographics

Gender

Female

59.2%

Male

36.9%

Unknown

4.0%
Ethnicity

White

61.3%

Hispanic or Latino

16.3%

Black or African American

11.4%

Asian

7.4%

Unknown

3.6%
Show More
Foreign Languages Spoken

Spanish

63.8%

French

5.5%

Chinese

3.8%

Mandarin

3.6%

Carrier

2.9%

Russian

2.6%

Portuguese

2.2%

German

2.1%

Cantonese

1.9%

Italian

1.7%

Vietnamese

1.6%

Korean

1.4%

Hindi

1.2%

Arabic

1.2%

Japanese

1.0%

Hmong

0.9%

Greek

0.9%

Armenian

0.5%

Albanian

0.5%

Tagalog

0.5%
Show More

Underwriter Education

Schools

Strayer University

7.1%

Arizona State University

6.8%

University of North Texas

6.4%

University of South Florida

6.1%

Kaplan University

5.9%

Temple University

5.7%

Pennsylvania State University

5.7%

Ashford University

5.3%

University of Texas at Arlington

4.8%

Florida State College at Jacksonville

4.8%

Ohio State University

4.5%

University of Connecticut

4.5%

University of Wisconsin - Milwaukee

4.4%

Florida State University

4.4%

California State University - Fullerton

4.2%

Michigan State University

4.1%

Florida International University

3.9%

University of Nebraska at Omaha

3.8%

DePaul University

3.8%

University of Missouri - Columbia

3.6%
Show More
Majors

Business

36.6%

Finance

10.9%

Accounting

8.0%

Psychology

4.5%

Management

3.8%

Marketing

3.6%

Economics

3.3%

Insurance

3.3%

Communication

3.2%

Criminal Justice

2.7%

Real Estate

2.6%

Political Science

2.4%

General Studies

2.2%

Health Care Administration

2.1%

English

1.9%

Legal Support Services

1.9%

Education

1.8%

Nursing

1.8%

Liberal Arts

1.7%

Computer Science

1.6%
Show More
Degrees

Bachelors

50.2%

High School Diploma

13.7%

Associate

13.3%

Masters

13.0%

Certificate

5.6%

Diploma

2.1%

License

1.3%

Doctorate

0.8%
Show More

Job type you want
Full Time
Part Time
Internship
Temporary

Top Underwriter Employers

Jobs From Top Underwriter Employers

Underwriter Videos

The Role of a Mortgage Underwriter

Career: Insurance Underwriter

How To Work As An Insurance Underwriter

Related To Your Recently Viewed Content

Updated May 18, 2020