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Associate Commercial Underwriter Jobs (NOW HIRING)

Carter Bank and Trust

Commercial Underwriter

Charlotte, NC · On-site

$50K - $88K/yr

The Commercial Underwriter performs foundational credit analysis on standard to moderate C&I and ... Eligible associates may participate in Carter Bank's benefits package, including medical, dental ...

Gaig

Commercial Underwriter

Tulsa, OK · Hybrid

Mid-Continent Group is seeking a Senior Commercial Underwriter to join our Underwriting team. The ... Completion of or progress toward a professional designation preferred, such as Associate in ...

Gaig

Commercial Underwriter

Cincinnati, OH · Hybrid

Mid-Continent Group is seeking a Senior Commercial Underwriter to join our Underwriting team. The ... Completion of or progress toward a professional designation preferred, such as Associate in ...

One80 Intermediaries

Commercial Underwriter

$70K - $100K/yr

Determine eligibility of incoming commercial insurance submissions * Use underwriting tools and ... Associate Degree in Business Administration, Finance, Risk Management, or related field. Extended ...

Busey

Commercial Underwriter III

Phoenix, AZ · On-site

$98K - $140K/yr

Position Summary The Commercial Underwriter provides accurate, timely, and succinct credit ... In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible ...

NEWMARK

Sr. Commercial Underwriter

Houston, TX · On-site

Associate or bachelor's degree preferred; equivalent experience accepted. * Experience: * Minimum 5 years in national commercial title underwriting Skills: * Excellent attention to detail and problem ...

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How much do associate commercial underwriter jobs pay per year?

As of Jul 3, 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 are Associate Commercial Underwriters?

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, and why are they important?

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

Commercial Underwriter

Carter Bank and Trust

Charlotte, NC • On-site

$50K - $88K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 22 days ago

Job description

SUMMARY:
The Commercial Underwriter performs foundational credit analysis on standard to moderate C&I and Investment Real Estate relationships, typically up to $5 million in aggregate exposure. This role completes financial spreads, identifies basic policy exceptions, and evaluates borrower repayment capacity with guidance from senior underwriting staff. The Commercial Underwriter supports the preparation of credit memorandums and annual reviews and develops core underwriting competencies.
This position works directly with lending professionals such as our Commercial Lenders, Commercial Regional Executives and Regional Credit Executives. The Commercial Underwriter may be asked to supplement analysis and discussion at the bank's loan committee. Analysis includes, but is not limited to, the financial condition of the borrower, likelihood of achieving projections, relevant market and industry data, evaluation of repayment capacity, and complex individual tax returns. The Commercial Underwriter also interacts with a variety of external professionals and represents the bank in interactions with bank clients and other professionals, including client-facing responsibilities.
ESSENTIAL JOB FUNCTIONS:
  • Underwrites commercial loan relationships in the areas of C&I and Investment Real Estate within established service levels and credit policy guidelines
  • Completes financial spreads of business and personal financial statements, including balance sheets, income statements, and tax returns, and analyzes key credit metrics including cash flow, debt service coverage (DSC), and liquidity ratios
  • Evaluates borrower repayment capacity, collateral quality, and guarantor support; identifies and documents underwriting policy and guideline exceptions
  • Prepares or contributes to Credit Action Memorandums (CAMs) that summarize findings, justify risk ratings, and provide clear recommendations for approval or declination
  • Maintains current knowledge of applicable banking regulations (e.g., Reg B, BSA/AML), OCC guidelines, FDIC examination standards, and internal credit policy
  • Contacts internal and external customers and other parties as appropriate to gather information and clarify inconsistent, incomplete, or missing data
  • Represents the bank professionally in client-facing interactions including meetings with borrowers, accountants, attorneys, and other external professionals
  • Participates in internal and cross-functional process improvement projects, management reporting, and validation of industry and portfolio information as assigned

JOB REQUIREMENTS:
  • Bachelor's degree in Finance or Accounting and/or Economics with sufficient credits in Accounting
  • Prior commercial credit analysis or underwriting experience with demonstrated exposure to C&I and/or Investment Real Estate transactions preferred
  • Formal credit training preferred (e.g., RMA Credit Essentials, bank-sponsored credit development program, or equivalent)

KNOWLEDGE/SKILLS REQUIRED:
  • Intermediate understanding of commercial loan structure, documentation, and covenant requirements
  • Intermediate proficiency in interpreting GAAP financial statements and translating them to cash flow for credit purposes, including global cash flow and guarantor analysis
  • Intermediate customer service skills
  • Intermediate business writing skills
  • Intermediate verbal and written communication skills
  • Intermediate interpersonal skills
  • Intermediate proficiency with Microsoft Office, especially Word and Excel
  • Intermediate proficiency with loan accounting systems and financial statement spreading systems preferred
  • Basic problem-solving skills
  • Basic organizational skills

PHYSICAL AND MENTAL QUALIFICATIONS:
  • Standing, walking, bending and stooping required
  • Must be able to sit at a desk for long periods of time and use a computer
  • Must be able to occasionally move or lift up to 10 pounds
  • May be asked to work supplemental hours periodically
  • Limited travel required occasionally during and after business hours

Salary Pay Range: $50,730.50 - $88,257.18 annually
Benefits: Eligible associates may participate in Carter Bank's benefits package, including medical, dental, vision, life insurance, disability coverage, other voluntary benefits, 401(k), paid time off, and paid holidays

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