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Associate Commercial Underwriter Jobs (NOW HIRING)

Busey Bank

Commercial Underwriter

Creve Coeur, IL · On-site

$75K - $106K/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 ...

Busey-Bank-2

Commercial Underwriter

Edwardsville, IL · On-site

$75 - $106/hr

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

Busey

Commercial Underwriter

Creve Coeur, IL · On-site

$75K - $106K/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 ...

Busey

Commercial Underwriter Team Lead

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 ...

Busey Bank

Commercial Underwriter

Creve Coeur, MO · On-site

$75 - $106/hr

Position Summary The Commercial Underwriter provides accurate, timely, and succinct credit ... Every day, our associates live Busey's core values, doing better business, building stronger ...

Busey

Commercial Underwriter II - CRE

Phoenix, AZ · On-site

$90K - $128K/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 ...

Busey

Commercial Underwriter II - CRE

Leawood, KS · On-site

$90K - $128K/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 ...

Busey Bank

Commercial Underwriter II - CRE

Dallas, TX · On-site

$90K - $128K/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 ...

Busey

Commercial Underwriter II - CRE

Dallas, TX · On-site

$90K - $128K/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 ...

Old National Bank

Commercial Underwriter III

Chicago, IL · On-site

$61K - $165K/yr

A Commercial Underwriter will collaborate with Relationship Managers ("RM"), internal support staff ... associates on revenue generating sales team, support teams and others in Credit to ensure a ...

Old National Bank

Commercial Underwriter III

Chicago, IL · On-site

$165K/yr

Partner well with associates on revenue generating sales team, support teams and others in Credit ... Commercial Underwriters may monitor overlines and Treasury Management/ACH risk reports or other ...

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Associate Commercial Underwriter information

See salary details

$35.5K

$70.3K

$110.5K

How much do associate commercial underwriter jobs pay per year?

As of Sep 6, 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.

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 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

Busey Bank

Creve Coeur, IL • On-site

$75K - $106K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 19 days ago

Key responsibilities

  • Perform financial statement spreading and analysis to assess credit risk.

  • Work with Relationship Managers to prepare credit approval memos and evaluate collateral and industry data.

  • Assist in portfolio management activities, including testing financial covenants and monitoring reports.

Busey Bank rating

6.3

Company rating: 6.3 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

153rd of 175 rated banks

Job description

Position Summary
The Commercial Underwriter provides accurate, timely, and succinct credit underwriting to support the company's portfolio management and new business development efforts.
Duties & Responsibilities
  • Financial statement spreading and analysis, including calculation of Debt Service Coverage or Fixed Charge Coverage Ratios per Busey guidelines.
  • Use financial data such as cash flow, liquidity, profitability, and leverage to determine and minimize the overall risk of extending credit to businesses and individuals.
  • Work with Commercial Relationship Managers or other Lending staff to prepare clear and concise Commercial Credit Approval Request (CCAR) memos that include all pertinent information associated with the overal risk of the loan, identifying the strengths and weaknesses of the Borrower.
  • Evaluate collateral, industry data and other relevant credit information.
  • Assist with Portfolio Management duties to include testing financial covenants, monitoring monthly borrowing base reports, preparing portfolio reviews and sensative asset reports, as assigned.
  • Assist Commercial Relationship Managers with the preparation of opportunity memos for new and existing relationships.
  • Maintain a working knowledge of the Commercial Banking Loan Policy and systems, including nCino.
  • Assist in the sales process, including accompanying Relationship Managers on customer and prospect calls.
  • Approve loans that are within defined authority levels; recommend loans for approval that are in excess of defined authority levels.
  • Participate in pipeline meetings to develop knowledge of prospective opportunities as well as upcoming renewals.
  • Assist with other duties or special projects as assigned.

Education & Experience
Knowledge of:
  • Strong oral and written communication skills
  • Proficiency in Microsoft Office Suite
  • Knowledge of financial accounting

Ability to:
  • Multi-task and work independently
  • Analyze and solve problems
  • Take independent action within established guidelines and develop new procedures and approaches when needed
  • Perform duties under frequent time pressures

Education and Training:
  • Requires Bachelor's degree with a concentration in Business or Finance.
  • Requires 3 or more years of Commercial Credit experience.

Compensation and Benefits
Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.
(Base Pay Range: $75,000-$106,000/year)
Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being-now and in the years to come-are important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.
Equal Opportunity
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.
Unsolicited Resumes
Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.

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