ZipRecruiter

Log In

1

Associate Commercial Underwriter Jobs in Virginia

New Horizon Bank

Underwriter

Richmond, VA · On-site

$75K - $95K/yr

Underwrite commercial credit actions by reviewing financial statements, analyzing borrower risk ... Collaborate with Bank associates and partners to address risk issues, communicate review schedules ...

PGIM

PGIM Real Estate -Agency Underwriter

Arlington, VA · Hybrid

$120K - $140K/yr

We are seeking an Associate or Senior Associate level Agency Underwriter, dependent upon prior ... What you will bring * Bachelors Degree and 4+ years of experience in commercial underwriting ...

Kinsale Insurance

Associate Underwriter

Richmond, VA

$65K - $80K/yr

About the Role As an Associate Underwriter, you'll start on the ground floor of an exciting ... Analyzing and evaluating commercial insurance submissions to assess risk and ensure profitability.

Kinsale Insurance

Associate Underwriter

Richmond, VA · On-site

$65K - $80K/yr

About the Role As an Associate Underwriter, you'll start on the ground floor of an exciting ... Analyzing and evaluating commercial insurance submissions to assess risk and ensure profitability.

Brookfield

Sr Underwriter

Richmond, VA · On-site

$7.5K - $110K/yr

The Senior Commercial Underwriteris responsible forindependently evaluating, underwriting, and ... Associate or bachelor'sdegree preferred but not required.Equivalent experience considered in place ...

The Hartford

Captives Underwriter

Alexandria, VA · 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

Alexandria, VA · 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 ...

next page

Showing results 1-20

All JobsAssociate Commercial Underwriter JobsAssociate Commercial Underwriter Jobs in Virginia

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 Virginia?

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

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

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

Associate Commercial Underwriter jobs near you

Underwriter

New Horizon Bank - National Association

Richmond, VA

Full-time

Re-posted 21 days ago

Job description

Description

 New Horizon is not just another bank; it is a dynamic, forward-thinking financial institution committed to redefining the banking relationship through our relentless pursuit of curiosity, boundless creativity, and unwavering dedication to innovation. Our team is comprised of passionate individuals who are constantly seeking new ways to enhance our services and create exceptional experiences for our customers. From developing innovative financial products to implementing cutting-edge technologies, we are committed to finding creative solutions that address the evolving needs of our clients in today's integrated and fast-paced world. Join us on our journey as we continue to explore new horizons, challenge conventions, and redefine the future of banking. 

New Horizon Bank is looking for an Underwriter III to play a critical role in evaluating and approving loan applications and ensuring compliance with bank policies and regulatory requirements. Your expertise will help us manage risk effectively while providing "white glove" service to our clients.


You know you are the right candidate for this role if:

  • You love balancing risk mitigation with opportunity.
  • You can apply a creative approach to loan structuring - increasing the chances of closing the loan. 
  • You possess exceptional judgement, strong strategic and critical thinking skills, and you like to solve problems collaboratively. 
  • You are an action oriented, outcomes-driven leader.

What you'll spend your time doing:

Underwriting:

  • Underwrite commercial credit actions by reviewing financial statements, analyzing borrower risk ratings, and recommending appropriate loan structuring.
  • Collaborate with loan officers and other team members to gather additional information and clarify borrower details.
  • Ensure all parties are kept informed of underwriting progress and outcomes.
  • Communicate decisions and recommendations clearly and effectively to both internal and external stakeholders.
  • Provide guidance and support to teammates on underwriting procedures and information needs.
  • Prepare detailed reports and documentation to support underwriting decisions.

Analysis:

  • Source, compile, and interpret financial data to support the structuring and approval of loans.
  • Review industry information, key risks, mitigants, and collateral to form a comprehensive business overview of the borrower.
  • Utilize analysis results to underwrite commercial loans effectively.
  • Prepare credit analysis documentation and servicing information.

Risk Management:

  • Identify and evaluate risks associated with new and existing commercial credit requests and relationships through thorough review and analysis.
  • Collaborate with Bank associates and partners to address risk issues, communicate review schedules, and manage changes in the commercial portfolio.
  • Assist in coordinating review and renewal schedules for existing credits, supporting ongoing risk identification and management.
  • Ensure all underwriting decisions align with the bank's credit policies and procedures.

Business Support:

  • Identify cross-sales opportunities for new and existing relationships based on analytical activities.
  • Partner with associates and clients to determine needs and structure new requests, renewals, and modifications.
  • Maintain up-to-date knowledge of industry regulations, market trends, and best practices.

Requirements

  • Bachelor's degree in Finance, Business Administration, or a related field. 
  • Excellent analytical, problem-solving, and decision-making skills.
  • Proficiency in underwriting software and Microsoft Office Suite.
  • Strong understanding of underwriting principles, credit analysis, and risk management.
  • Minimum of 7 years of underwriting experience, with a focus on commercial loans, minimum 10 years preferred.
  • Effective communication and interpersonal skills, with the ability to interact confidently with senior management and regulatory authorities.

Apply