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Associate Commercial Underwriter Jobs in Delaware

WSFS Bank

Commercial Banking Trainee

Wilmington, DE · On-site

$42K - $69K/yr

At WSFS Bank, we empower our Associates to grow their careers, we guide our customers to secure ... Prior equivalent work experience which provides a basis for commercial loan underwriting and ...

WSFS Bank

SBA Lending Relationship Manager

Wilmington, DE · On-site

$111K - $183K/yr

Knowledge and understanding of underwriting and evaluation commercial credit is preferred. WSFS ... For more information about Associate benefits, please visit WSFS Bank is inclusive and supportive ...

Wsfsbank

SBA Lending Relationship Manager

Millsboro, DE

$111K - $183K/yr

Knowledge and understanding of underwriting and evaluation commercial credit is preferred. WSFS ... For more information about Associate benefits, please visit WSFS Bank is inclusive and supportive ...

WSFS Bank

SBA Lending Relationship Manager

Lewes, DE · On-site

$111K - $183K/yr

Knowledge and understanding of underwriting and evaluation commercial credit is preferred. WSFS ... For more information about Associate benefits, please visit WSFS Bank is inclusive and supportive ...

Wsfsbank

SBA Lending Relationship Manager

Dover, DE

$111K - $183K/yr

Knowledge and understanding of underwriting and evaluation commercial credit is preferred. WSFS ... For more information about Associate benefits, please visit WSFS Bank is inclusive and supportive ...

Wsfsbank

SBA Lending Relationship Manager

Lewes, DE

$111K - $183K/yr

Knowledge and understanding of underwriting and evaluation commercial credit is preferred. WSFS ... For more information about Associate benefits, please visit WSFS Bank is inclusive and supportive ...

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All JobsAssociate Commercial Underwriter JobsAssociate Commercial Underwriter Jobs in Delaware

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 Delaware?

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

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

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

Associate Commercial Underwriter jobs near you

Commercial Banking Trainee

WSFS Bank

Wilmington, DE • On-site

$42K - $69K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 26 days ago

WSFS Bank rating

8.7

Company rating: 8.7 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

24th of 175 rated banks

Job description

Job Description
At WSFS Bank, we empower our Associates to grow their careers, we guide our customers to secure their financial futures, and we actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, opportunities to advance, and more. We are the premiere, locally headquartered bank and wealth management company in the region and are honored to consistently be named a Top Workplace by our Associates, who make a difference every day for the people, businesses, and Communities we serve. We Stand For Service® is more than part of our name, it's our mission and our purpose.
The Commercial Banking Trainee will be responsible for analyzing commercial loan customers and real estate projects for financial and business risks. This position will complete an extensive training program including specialized external classroom and on-the-job training with experienced Associates. The Commercial Banking Trainee will review balance sheets, income statements, and cash flow statements, in addition to analyzing industry and market risks , preparing credit memorandums, financial spreadsheets, relationship/profitability analysis and other tasks associated with supporting Relationship Managers. This Associate will work with business clients with revenues of $2.5 to $100 million and/or real estate transactions from $1 to $15 million in credit exposure.
Due to the training curriculum, this role will be required to work in Wilmington, DE for the first 12-18 months of employment, and may be expected to travel within the bank's footprint or other offices, as needed.
Minimum Qualifications:
  • Must have a Bachelor's degree in Accounting, Finance, or Business; or equivalent work experience is required.
  • Prior equivalent work experience which provides a basis for commercial loan underwriting and analysis, including the review and interpretation of client financial statements and tax returns, review and understanding of data in both personal and business bureaus is required.
  • Previous credit and financial statement review experience is strongly preferred.
  • Previous banking and financial services experience is preferred.
  • Strong analytical skills are required.
  • Strong Microsoft Office experience, including Excel spreadsheet skills, is required.
  • Excellent oral and written communication skills, with the ability to effectively collaborate is required.

WSFS Bank will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from WSFS Bank now or in the future in order to retain their authorization to work in the United States.
Salary Range:
$42,289.00 - $69,475.00
Individual base pay may vary on additional factors such as the candidate's experience, job-related skills, relevant education, geographic location, and other specific business and organizational needs.
In addition to base salary, WSFS Financial Corporation (WSFS) and its subsidiaries may offer eligible Associates discretionary and formula-based incentive and retention awards. WSFS provides a competitive benefits package, which includes medical, dental, and vision coverage; a 401(k) plan; life, accident, and disability insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness programs. Additional benefits may include paid parental leave, military leave, vacation and other paid time off, sick leave in accordance with applicable state laws, and paid holidays. Benefit offerings are subject to eligibility requirements, legal limitations, and may vary based on an Associate's location and employment status. For more information about Associate benefits, please visit https://www.wsfsbank.com/about/careers/
WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at careers@wsfsbank.com.
WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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