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Associate Commercial Underwriter Jobs (NOW HIRING)

Allianz

Senior Commercial Underwriter

Baltimore, MD · On-site

$85K - $105K/yr

  • Medical

  • Life

  • Retirement

  • PTO

The Senior Commercial Underwriter within the CUW Center of Excellence operates in a regional ... As an associate, you'll be supported with resources, benefits, and work-life balance so you can ...

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How much do associate commercial underwriter jobs pay per year?

As of Aug 16, 2026, the average yearly pay for associate commercial underwriter in the United States is $70,317.00, according to ZipRecruiter salary data. Most workers in this role earn between $50,000.00 and $83,000.00 per year, depending on experience, location, and employer.

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.

What cities are hiring for Associate Commercial Underwriter jobs?

Cities with the most Associate Commercial Underwriter job openings:

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

The most popular types of Commercial Underwriter jobs are:

What states have the most Associate Commercial Underwriter jobs?

States with the most job openings for Associate Commercial Underwriter jobs include:

Associate Commercial Underwriter jobs near you

Commercial Underwriter II

First Citizens Bank

Fayetteville, NC • Hybrid

Full-time

Posted 15 days ago

First Citizens Bank rating

7.4

Company rating: 7.4 out of 10

Based on 106 frontline employees who took The Breakroom Quiz

107th of 171 rated banks

Job description

Overview

This is a hybrid role, where the working schedule will occur both inside and outside of a company office. This role will be located in Fayetteville, Raleigh, or Wilmington, NC.

This Commercial Underwriter II supports the commercial lending team by underwriting at an advanced level of complexity for commercial portfolios. Provides guidance to structuring, servicing, and analysis for both new and renewal credits. Identifies, gathers, and reviews financial information to determine borrower risk ratings and appropriate loan structuring. Assesses and communicates risks to assist department risk mitigation strategies. Provides service and support for both associates and clients, participating in client calls, and may assist in identifying cross-sales opportunities. May assist special projects as needed to facilitate commercial lending activities and service capabilities, and may provide direction to less experienced underwriters in the work group.


Responsibilities
  • Underwriting - Underwrites commercial credit actions according to applicable regulations, procedures, and guidelines. Reviews financial statements, communicates with clients or prospects, and performs analysis to recommend borrower risk ratings and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome. May provide guidance to less experienced underwriters through knowledge of underwriting procedures and information needs.
  • Analysis - Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collateral to form a general business overview of the borrower. Utilizes results of analysis to underwrite commercial loans.
  • Risk Management - Identifies risks through reviews, analysis, and research of new and existing commercial credit requests and relationships. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the commercial portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management.
  • Business Support - May assist in Identifying cross-sales opportunities for new and existing relationships based on analysis activities. Identifies servicing information and prepares credit analysis documentation. Partners with associates and clients to determine needs and structuring of new requests, renewals, and modifications, participating in client and prospect calls as needed. May assist management with peer development and training.

Qualifications

Bachelor's Degree and 4 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

OR

High School Diploma or GED and 8 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

Preferred Qualifications: 

  • 6-8 years of experience in commercial underwriting in C&I, Medical
  • Experience with credit relationships 5 million and above
  • Microsoft Excel competency required
  • Strong written and verbal communication skills required

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Qualifications:

Bachelor's Degree and 4 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

OR

High School Diploma or GED and 8 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

Preferred Qualifications: 

  • 6-8 years of experience in commercial underwriting in C&I, Medical
  • Experience with credit relationships 5 million and above
  • Microsoft Excel competency required
  • Strong written and verbal communication skills required

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Education:UNAVAILABLEEmployment Type: FULL_TIME

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