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Commercial Underwriter Jobs (NOW HIRING)

Gaig

Commercial Underwriter

Tulsa, OK · Hybrid

Mid-Continent Group is seeking a Senior Commercial Underwriter to join our Underwriting team. The position will work in either the downtown Tulsa, Oklahoma, or the downtown Cincinnati, Ohio office.

Shore United Bank

Commercial Underwriter

Easton, MD · On-site

$33.75 - $43/hr

The Commercial Underwriter II will play a key role in evaluating and structuring commercial lending opportunities by underwriting loans of moderate complexity and supporting the broader credit ...

Gaig

Commercial Underwriter

Cincinnati, OH · Hybrid

Mid-Continent Group is seeking a Senior Commercial Underwriter to join our Underwriting team. The position will work in either the downtown Tulsa, Oklahoma, or the downtown Cincinnati, Ohio office.

MRISpokane

Commercial Underwriter

Atlanta, GA · On-site

Commercial Credit Underwriter Location: Dunwoody or Duluth, GA We are partnering with a community-focused bank in the Metro Atlanta area seeking a Commercial Credit Underwriter to support a team of ...

Old National Bank

Commercial Underwriter

Minneapolis, MN · On-site

$165K/yr

Commercial Underwriter Job Locations US-MN-Saint Paul | US-MN-Minneapolis | US-MN-St Louis Park | US-MN-Lake Elmo Category/Function Lending/Commercial/Consumer/Credit Position Type Regular Full-Time ...

Shore United Bank

Commercial Underwriter

Fredericksburg, VA · On-site

$81K - $110K/yr

The Commercial Underwriter will play a key role in evaluating and structuring commercial lending opportunities by underwriting moderately complex to complex loans while supporting the broader credit ...

Shore United Bank

Commercial Underwriter

Easton, MD · On-site

$81K - $110K/yr

The Commercial Underwriter will play a key role in evaluating and structuring commercial lending opportunities by underwriting moderately complex to complex loans while supporting the broader credit ...

Shore United Bank

Commercial Underwriter

Easton, MD · On-site

$81K - $110K/yr

The Commercial Underwriter will play a key role in evaluating and structuring commercial lending opportunities by underwriting moderately complex to complex loans while supporting the broader credit ...

Shore United Bank

Commercial Underwriter

Easton, MD · On-site

$33.75 - $43/hr

The Commercial Underwriter II will play a key role in evaluating and structuring commercial lending opportunities by underwriting loans of moderate complexity and supporting the broader credit ...

Old National Bank

Commercial Underwriter

Lake Elmo, MN · On-site

$165K/yr

Commercial Underwriter Job Locations US-MN-Saint Paul | US-MN-Minneapolis | US-MN-St Louis Park | US-MN-Lake Elmo Category/Function Lending/Commercial/Consumer/Credit Position Type Regular Full-Time ...

Shore United Bank

Commercial Underwriter

Fredericksburg, VA · On-site

$81K - $110K/yr

The Commercial Underwriter will play a key role in evaluating and structuring commercial lending opportunities by underwriting moderately complex to complex loans while supporting the broader credit ...

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Commercial Underwriter information

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$35.5K

$70.3K

$110.5K

How much do commercial underwriter jobs pay per year?

As of Jul 26, 2026, the average yearly pay for 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.

Is underwriting a stressful job?

Commercial underwriters assess risks and approve or deny insurance applications, which can involve high-pressure decision-making and meeting strict deadlines. The job can be stressful due to the responsibility of accurately evaluating complex information and managing workload fluctuations, but stress levels vary based on the employer and individual experience. Strong analytical skills and attention to detail help mitigate stress in this role.

What does a Commercial Underwriter do?

A Commercial Underwriter evaluates and analyzes the risks involved in insuring businesses and organizations. They review applications, financial statements, and other relevant information to determine whether to provide insurance coverage and at what terms. Their main goal is to ensure the insurance company maintains profitability by only approving policies that meet their risk criteria. They often work closely with insurance brokers and agents to clarify policy terms and negotiate premiums. Commercial Underwriters also monitor market trends and adjust underwriting guidelines as needed.

How difficult is commercial underwriting?

Commercial underwriting is a complex role that requires strong analytical skills, attention to detail, and knowledge of insurance policies and risk assessment. It often involves reviewing detailed financial and operational information, and success depends on experience, training, and understanding industry standards. Certification and familiarity with underwriting software can also enhance proficiency in this field.

What are the key skills and qualifications needed to thrive as a Commercial Underwriter, and why are they important?

To thrive as a Commercial Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of risk assessment, usually supported by a degree in finance, business, or a related field. Familiarity with underwriting software, risk modeling tools, and relevant industry certifications such as CPCU or AU are highly valuable. Excellent communication, negotiation, and decision-making skills help you collaborate with clients and internal teams effectively. These abilities are crucial for accurately evaluating risk, making sound underwriting decisions, and supporting the financial health of the organization.

What is the highest paid underwriter?

Senior commercial underwriters with extensive experience, specialized skills, and certifications can earn salaries exceeding $150,000 annually, especially in large financial institutions or insurance companies. Top earners often have advanced knowledge of risk assessment, underwriting software, and industry regulations. Compensation varies based on location, company size, and individual expertise.

What is the difference between Commercial Underwriter vs Business Loan Underwriter?

AspectCommercial UnderwriterBusiness Loan Underwriter
CredentialsTypically requires a bachelor's degree in finance, economics, or related field; certifications like CPCU or ARM are commonSimilar credentials; often holds finance or banking degrees and relevant certifications
Work EnvironmentWorks in insurance companies, assessing commercial insurance applicationsWorks in banks or lending institutions, evaluating business loan applications
Industry UsagePrimarily in insurance industryPrimarily in banking and financial services
Comparison Search IntentOften compared for risk assessment and underwriting processes in commercial financeCompared when evaluating business creditworthiness and loan approval processes

While both roles involve assessing financial risk, Commercial Underwriters focus on insurance policies for businesses, whereas Business Loan Underwriters evaluate the creditworthiness of businesses applying for loans. Both require similar credentials and work in related industries, but their primary responsibilities and environments differ.

What is a commercial underwriter?

A commercial underwriter evaluates and assesses risks associated with insuring businesses and commercial properties. They analyze financial documents, industry risks, and policy details to determine coverage terms and pricing, often using specialized underwriting software. Strong analytical skills and knowledge of insurance policies are essential for this role.

What are some common challenges faced by Commercial Underwriters, and how can they be managed effectively?

Commercial Underwriters often encounter challenges such as assessing complex risks, managing tight deadlines, and balancing the needs of clients with company policies. To manage these effectively, underwriters rely on strong analytical skills, clear communication with brokers and clients, and ongoing collaboration with their team for second opinions or guidance on unusual cases. Staying updated on industry trends and regulatory changes also helps ensure sound decision-making and minimizes risk exposure for their organization.
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Commercial Underwriter jobs near you
Infographic showing various Commercial Underwriter job openings in the United States as of July 2026, with employment types broken down into 93% Full Time, 5% Part Time, and 2% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $70,317 per year, or $33.8 per hour.
Commercial Underwriter

Commercial Underwriter

Carter Bank and Trust

Charlotte, NC • On-site

$50K - $88K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 14 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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