ZipRecruiter

Log In

1

Commercial Underwriter Jobs (NOW HIRING)

Optima Seguros

UNDERWRITER - COMMERCIAL

San Juan, PR · On-site

$65 - $95/hr

UNDERWRITER - COMMERCIAL 6-PROFESSIONAL SAN JUAN San Juan, PR, PR 7 days ago Requisition ID: 1001 Job Summary We are seeking a dynamic and detail-oriented Commercial Underwriter to join our financial ...

Allianz

Senior Commercial Underwriter

Baltimore, MD · On-site

$85K - $105K/yr

The Senior Commercial Underwriter within the CUW Center of Excellence operates in a regional, transversal capacity, enabling and elevating the underwriting capabilities of distribution teams across ...

Cypress HCM

Commercial Underwriter IV

Carmel, IN · Hybrid

Commercial Underwriter IV Locatio n: Indianapolis, IN 46240 (Hybrid - Office Tues, Wed,Thurs.....WFH Mon, Fri) Pay: $115,000-140,000 (Compensation can vary depending on experience) ND Bonus up to 10% ...

Wilson Bank & Trust

Senior Commercial Underwriter

Lebanon, TN · On-site

$95K - $112K/yr

Senior Commercial Underwriter Location: Lebanon, TN If you're looking for a career where purpose meets opportunity, and where your contributions truly make a difference, Wilson Bank & Trust is the ...

Wilsonbank

Senior Commercial Underwriter

Lebanon, TN · On-site

$95K - $112K/yr

Senior Commercial Underwriter Location: Lebanon, TN If you're looking for a career where purpose meets opportunity, and where your contributions truly make a difference, Wilson Bank & Trust is the ...

Liberty Bank

Commercial Underwriter Sr

Middletown, CT · On-site

Reporting to the Manager of Commercial Credit Underwriting, the Senior Commercial Underwriter is a critical individual contributor responsible for the end-to-end credit and underwriting function.

previous pagenext page

Showing results 21-40

All JobsFinance and Insurance JobsInsurance JobsInsurance Underwriter JobsCommercial Underwriter Jobs

Commercial Underwriter information

See salary details

$35.5K

$70.3K

$110.5K

How much do commercial underwriter jobs pay per year?

As of Sep 7, 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.

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.

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 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.

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.

How much do commercial underwriters make in the US?

Commercial underwriters in the US typically earn a median annual salary of around $70,000 to $80,000, with experienced professionals earning over $100,000. Salaries vary based on location, experience, and the size of the company, and the role often requires strong analytical skills and knowledge of insurance policies.

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.
More about Commercial Underwriter jobs

What cities are hiring for Commercial Underwriter jobs?

Cities with the most Commercial Underwriter job openings:

What are the most commonly searched types of Commercial Underwriter jobs?

The most popular types of Commercial Underwriter jobs are:

Who are the top companies hiring for Commercial Underwriter jobs?

The top employers for Commercial Underwriter jobs are:

What states have the most Commercial Underwriter jobs?

States with the most job openings for Commercial Underwriter jobs include:

What job categories do people searching Commercial Underwriter jobs look for?

The top searched job categories for Commercial Underwriter jobs are:

What are popular job titles related to Commercial Underwriter jobs?

For Commercial Underwriter jobs, the most frequently searched job titles are:

Commercial Underwriter jobs near you
Infographic showing various Commercial Underwriter job openings in the United States as of August 2026, with employment types broken down into 91% Full Time, 7% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $70,317 per year, or $33.8 per hour.

Senior Commercial Underwriter

Shore United Bank

Fredericksburg, VA • On-site

$96K - $114K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago

Key responsibilities

  • Independently underwrites and evaluates the Bank's most complex commercial loan relationships.

  • Prepares comprehensive credit approval memoranda and develops narratives to support loan decisions.

  • Serves as a credit analysis subject matter expert, providing coaching, guidance, and technical support to the underwriting team.

Job description

Shore United Bank is a full-service financial institution with a rich history dating back to 1876. In excess of $6 billion in assets, we offer innovative financial services delivered with the personal touch you expect. We serve a broad geographic area with branches in Maryland, Delaware, and Virginia, and we also provide a comprehensive suite of digital banking services that allow you to bank with us no matter where life takes you. In addition to banking, we offer trust and wealth management services through Wye Trust, a division of Shore United Bank. Together, our team of experienced professionals is dedicated to helping you achieve your financial goals.
Shore United Bank is hiring a full-time Senior Commercial Underwriter to join our team. The Senior Commercial Underwriter serves as the Credit Administration department's lead technical underwriting expert and is responsible for independently underwriting the Bank's largest and most complex commercial credit relationships. This position partners closely with relationship managers, credit administrators, loan review personnel, and executive management to ensure credit quality, appropriate risk identification, sound loan structuring, and compliance with Bank policies and regulatory expectations. The Senior Commercial Underwriter functions as a subject matter expert in commercial credit analysis and serves as a mentor and resource to Commercial Underwriters and Management Trainees. The role operates with significant independence and judgment, providing recommendations on credit structure, risk ratings, covenant packages, collateral support, and portfolio risk management.
What You'll Do:
A detailed list of job duties includes (but is not limited to):
  • Independently underwrites and evaluates the Bank's most complex commercial loan relationships, including commercial real estate, owner-occupied real estate, construction, healthcare, franchise, agricultural, investor real estate, and operating company credits.
  • Conducts joint client meetings with Relationship Managers to evaluate and advise on loan structure and provide constructive feedback. These meetings may include borrowers as well as their accountants and other advisors.
  • Analyzes financial statements, tax returns, appraisals, borrowing base reports, projections, and other supporting documentation.
  • Performs advanced borrower, guarantor, and global cash flow analyses.
  • Evaluates multiple repayment sources and identify strengths and weaknesses within proposed credit structures.
  • Assesses collateral adequacy and review appraisal methodologies, discounted cash flow analyses, and valuation assumptions.
  • Recommends loan grade assignments and appropriate risk ratings consistent with Bank policy.
  • Identifies emerging risks and recommend strategies to mitigate potential loss exposure.

Loan Structuring
  • Partners with Relationship Managers to develop appropriately structured credit facilities.
  • Recommends loan covenants, guarantor requirements, collateral enhancements, and other risk mitigation measures.
  • Provides guidance regarding policy exceptions, underwriting concerns, and transaction structures.
  • Participates in discussions with lenders and credit officers regarding complex borrower relationships.

Approval Package Preparation
  • Prepares comprehensive credit approval memoranda for presentation to senior credit officers, executive management, and Loan Committee.
  • Develops narratives that clearly articulate borrower performance, repayment capacity, collateral position, management assessment, industry conditions, and risk factors.
  • Ensures all analyses are thoroughly documented and supported.
  • Quickly completes loan packages without sacrificing the quality of the analysis or missing key risks.

Technical Leadership
  • Serves as a credit analysis subject matter expert for the underwriting team.
  • Provides coaching, guidance, and technical support to Commercial Underwriters and Management Trainees.
  • Assists with training related to underwriting standards, financial statement analysis, cash flow analysis, and credit policy.
  • Reviews complex analyses and provide constructive feedback when appropriate.
  • Promotes consistency in underwriting quality across the department.

Credit Approval Authority
  • Exercises delegated credit approval authority within established Bank lending limits and policies, where applicable.
  • Escalates heightened risk relationships and material policy exceptions to appropriate approval authorities.
  • Demonstrates sound judgment and consistent risk assessment in exercising approval authority.

Credit Administration Support
  • Participates in special projects related to credit process improvement, policy enhancement, and portfolio risk management.
  • Supports regulatory examinations, internal audits, and loan review activities.
  • Identifies opportunities to improve underwriting efficiency and effectiveness.
  • Assists management in monitoring portfolio trends and emerging credit risks.
  • Identifies early warning indicators of credit deterioration and assist RMs and RCEs in developing strategies for criticized and classified credits.
  • Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g., Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, SAFE Act, etc.; ensures that the office and all personnel adhere to the same.
  • Participates in required training sessions, including training for compliance with BSA/AML policies and procedures.

Location:Fredericksburg Loan Production Office (LPO) - 10 Chatham Heights Rd, Suite 104, Fredericksburg, VA 22405
Position Type/Expected Hours of Work:
  • Full-time.
  • Exempt.
  • Days of Work: Monday-Friday.

Required Education and Experience:
  • High school diploma/GED equivalent.
  • Minimum of eight (8) years of commercial credit underwriting, commercial lending, or credit analysis experience.
  • Bachelor's degree in finance, accounting, economics, business administration, or a related field strongly preferred; equivalent combination of education, training, and relevant experience will be considered.
  • Advanced knowledge of commercial lending principles and credit risk management.
  • Demonstrated expertise in:
    • UCA cash flow analysis
    • Global cash flow analysis
    • Comparative financial analysis
    • Industry analysis
    • Commercial real estate analysis
    • Construction lending analysis
    • Appraisal review
    • DCF valuation methodologies
    • Loan structuring and covenant development
  • Advanced knowledge of applicable banking regulations and regulatory expectations.
  • Strong verbal and written communication skills with the ability to distill complex information into clear and concise presentations and loan packages.

Compensation:
  • The pay range for this position is $100,000 to $150,000 annually.
  • Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.

Company Benefits:
  • Join a family- and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work.
  • Comprehensive benefits package for full-time, permanent employees including health, dental, vision, company-paid life insurance, mental health well-being, company paid short-term and long-term disability, and much more!
  • Paid parental leave
  • 401k savings plan with up to a 4% company match
  • Employee Stock Purchase Plan
  • Education Assistance
  • Employee perks such as: employee banking services, loan discount program, education assistance, career development program, Employee Assistance Program, and wellness initiatives.
  • Opportunity for growth and advancement
  • Paid training program and continuous training sessions throughout the year on various topics
  • Generous paid time off and paid sick time
  • Community involvement opportunities

Employment offers are contingent upon the successful completion of a pre-employment screening, which includes a background check, credit check, verification of employment history, and any other screenings required for the position.
Shore United Bank is an Affirmative Action/Equal Opportunity Employer. Shore United Bank is an E-Verify participant.

Apply