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Associate Underwriter Jobs in Raleigh, NC (NOW HIRING)

Banc of California

Associate, Fund Finance

Durham, NC

THE OPPORTUNITY The Associate will be responsible for analyzing, evaluating, structuring, underwriting, and closing potential life insurance lending opportunities. The position requires the ability ...

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All JobsAssociate Underwriter JobsAssociate Underwriter Jobs in Raleigh, NC

Associate Underwriter information

See Raleigh, NC salary details

$31.6K

$76.7K

$135.6K

How much do associate underwriter jobs pay per year?

As of Aug 15, 2026, the average yearly pay for associate underwriter in Raleigh, NC is $76,672.00, according to ZipRecruiter salary data. Most workers in this role earn between $59,300.00 and $84,600.00 per year, depending on experience, location, and employer.

How much do associate underwriters make?

Associate underwriters typically earn between $55,000 and $75,000 annually, depending on experience, industry, and company size. Entry-level positions may start lower, while experienced associates with specialized skills can earn higher salaries, often with opportunities for bonuses and career advancement.

Is it hard to get a job in associate underwriting?

Getting an associate underwriting position typically requires relevant education, such as a degree in finance or insurance, and some entry-level experience or internships. The role is competitive, but candidates with strong analytical skills, attention to detail, and knowledge of underwriting software have good prospects. Certification programs like the Associate in Commercial Underwriting (ACU) can also improve chances.

What is the difference between Associate Underwriter vs Underwriting Assistant?

AspectAssociate UnderwriterUnderwriting Assistant
CredentialsBachelor's degree often required; industry certifications beneficialHigh school diploma or equivalent; some roles prefer associate's degree
Work EnvironmentAnalyzing risk, making underwriting decisions, collaborating with underwritersSupporting underwriting team, data entry, document management
Employer & Industry UsageInsurance companies, brokers, and underwriting firmsInsurance companies, underwriting departments, administrative support

The Associate Underwriter typically handles risk analysis and decision-making, requiring more specialized knowledge and certifications. In contrast, the Underwriting Assistant provides administrative support, focusing on data management and assisting underwriters. Both roles are essential in the underwriting process but differ in responsibilities and required qualifications.

What are the key skills and qualifications needed to thrive as an associate underwriter?

To thrive as an Associate Underwriter, you need a strong understanding of risk assessment, analytical abilities, and a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, statistical analysis tools, and knowledge of industry regulations are commonly required. Attention to detail, effective communication, and time management are vital soft skills for excelling in this position. These skills are important for making sound risk decisions, ensuring compliance, and supporting the overall profitability of the organization.

Is it hard to get a job in underwriting?

Getting a job as an associate underwriter can be competitive, often requiring relevant education such as a degree in finance or risk management, along with strong analytical skills. Entry-level positions may be accessible with internships or certifications like the CPCU, but higher-level roles typically demand experience and industry knowledge.

What is an associate in underwriting?

An associate in underwriting is an entry- or mid-level professional responsible for evaluating insurance applications, assessing risk, and determining policy terms. They often work under the supervision of senior underwriters and use tools like underwriting guidelines and software to support decision-making. Strong analytical skills and knowledge of insurance policies are essential for this role.

What are some common challenges faced by associate underwriters, and how can they be addressed?

Associate Underwriters often encounter challenges such as balancing workload during peak periods, ensuring accuracy in risk assessments, and adapting to evolving underwriting guidelines. Effective time management and strong organizational skills can help manage a high volume of applications. Additionally, staying current with industry regulations and seeking guidance from senior underwriters or mentors can enhance decision-making skills and confidence in evaluating complex cases.

Is it hard to get a job in associate underwriter?

Securing an associate underwriter position typically requires relevant education, such as a degree in finance or insurance, and some industry experience or internships. Strong analytical skills, attention to detail, and knowledge of underwriting software can improve chances, but competition varies by location and employer requirements.

What does an associate underwriter do?

An Associate Underwriter assists in evaluating and analyzing the risks involved in insuring people and assets. They typically review applications, examine supporting documents, and help determine the appropriate coverage and premiums under the supervision of a senior underwriter. This role often involves data entry, risk assessment, and communication with agents or brokers. Associate Underwriters are essential in ensuring that insurance policies are issued in accordance with company guidelines and industry regulations.

What are the most commonly searched types of Underwriter jobs in Raleigh, NC?

The most popular types of Underwriter jobs in Raleigh, NC are:

What are popular job titles related to Associate Underwriter jobs in Raleigh, NC?

For Associate Underwriter jobs in Raleigh, NC, the most frequently searched job titles are:

What job categories do people searching Associate Underwriter jobs in Raleigh, NC look for?

The top searched job categories for Associate Underwriter jobs in Raleigh, NC are:

What cities near Raleigh, NC are hiring for Associate Underwriter jobs?

Cities near Raleigh, NC with the most Associate Underwriter job openings:

Associate Underwriter jobs near you
Infographic showing various Associate Underwriter job openings in Raleigh, NC as of August 2026, with employment types broken down into 100% Full Time. Highlights an 92% In-person, and 8% Remote job distribution, with an average salary of $76,672 per year, or $36.9 per hour.

Commercial Underwriter II

First Citizens Bank

Raleigh, 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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