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Contract Underwriter Jobs in Raleigh, NC (NOW HIRING)

Iatinsurancegroup

Underwriting Manager

Raleigh, NC · Hybrid

$72K - $157K/yr

The Contract Binding Team within the Excess and Surplus division of IAT Insurance Group has an immediate opening for Underwriting Manager of our East Coast Territory from our Cheshire, Connecticut;

regency

Manager, Financial Services

Atlanta, GA · Hybrid

$85K - $112K/yr

The Manager of Financial Services will manage the inherent risks in the underwriting, financial ... Ability to read and understand legal documents such as leases, purchase and sale contracts, and ...

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Contract Underwriter information

See Raleigh, NC salary details

$31.6K

$76.7K

$135.6K

How much do contract underwriter jobs pay per year?

As of Aug 10, 2026, the average yearly pay for contract 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.

What are the key skills and qualifications needed to thrive as a contract underwriter?

To thrive as a Contract Underwriter, you need strong analytical abilities, attention to detail, and a thorough understanding of contract law and risk assessment, often supported by a degree in finance, business, or a related field. Familiarity with underwriting software, risk modeling tools, and sometimes certifications such as Chartered Property Casualty Underwriter (CPCU) are highly beneficial. Excellent communication, negotiation, and organizational skills help underwriters interact effectively with clients and internal teams. These competencies are crucial to accurately evaluate risk, ensure compliance, and make sound underwriting decisions that protect the company’s interests.

What is a contract underwriter?

A Contract Underwriter is a financial professional who evaluates and assesses loan applications, insurance policies, or other financial risks for a company on a contract or freelance basis. They analyze credit history, financial statements, and other relevant data to determine risk levels and ensure compliance with underwriting guidelines. Unlike in-house underwriters, they often work independently or for third-party firms, providing services to lenders or insurers as needed. Their goal is to mitigate risk while facilitating responsible lending or coverage decisions.

What are the typical daily responsibilities of a contract underwriter?

As a Contract Underwriter, your typical day involves reviewing applications, evaluating potential risks, and determining appropriate terms and premiums for various contracts, such as insurance policies or financial agreements. You will analyze supporting documents, communicate with brokers or clients to clarify details, and ensure all agreements comply with regulations and company guidelines. Collaboration is often required with legal, sales, and risk management teams to ensure comprehensive risk assessment. These responsibilities help maintain the integrity of the underwriting portfolio and support the business’s long-term financial goals.

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 Contract Underwriter jobs in Raleigh, NC? For Contract Underwriter jobs in Raleigh, NC, the most frequently searched job titles are:
What job categories do people searching Contract Underwriter jobs in Raleigh, NC look for? The top searched job categories for Contract Underwriter jobs in Raleigh, NC are:
What cities near Raleigh, NC are hiring for Contract Underwriter jobs? Cities near Raleigh, NC with the most Contract Underwriter job openings:
Contract Underwriter jobs near you
Infographic showing various Contract Underwriter job openings in Raleigh, NC as of August 2026, with employment types broken down into 90% Full Time, 7% Part Time, and 3% Contract. Highlights an 70% Physical, 10% Hybrid, and 20% Remote job distribution, with an average salary of $76,672 per year, or $36.9 per hour.

Loan Underwriter I

State Employees' Credit Union

Raleigh, NC • On-site

Full-time

Posted 25 days ago

State Employees' Credit Union (North Carolina) rating

8.2

Company rating: 8.2 out of 10

Based on 23 frontline employees who took The Breakroom Quiz

Job description

If you are motivated and believe in the credit union philosophy of "People Helping People," join our team!
Position Overview:
Responsible for the comprehensive underwriting and final approval of mortgage and HELOC loan files within the Real Estate Lending department. This role evaluates borrower creditworthiness, reviews and verifies required documentation, and ensures all loan decisions comply with credit union policies, secondary market guidelines, and applicable regulatory requirements. The Loan Underwriter I serves as a key resource to branch personnel and the loan processing team, supporting efficient and accurate real estate lending operations.
Essential Responsibilities:
  • (40%) Perform comprehensive underwriting of first mortgage and HELOC loan files, including review, and verification of sales contracts, appraisals, flood certificates, income documents, insurance documentation, asset statements, credit reports, and title reports, and all other loan documentation as required, in accordance with established credit union policies, procedures, and secondary market guidelines.
  • (20%) Independently assess applicant creditworthiness, ability to repay, and collateral valuation; provide final clear to close approval of real estate loan files while communicating decisions clearly and professionally to other members of the lending staff.
  • (15%) Document and communicate outstanding loan conditions to the loan processing team and closing stipulations to the loan closing team, ensuring timely and accurate progression of loan files through the pipeline.
  • (15%) Respond to phone calls and emails from internal department personnel addressing real estate questions and concerns; coordinate with processors, closers, attorneys, title companies, and other parties to facilitate smooth loan processing.
  • (10%) Maintain current knowledge of credit union policies and procedures through ongoing training to ensure underwriting decisions reflect the latest guidelines and regulatory standards.

Required Education & Experience (Knowledge, Skills, & Abilities):
  • Four-year degree, CCUE Certification, or associate degree via the North Carolina College Transfer Program (NC-CTP).
  • Minimum of two (2) years of experience in mortgage lending, direct underwriting experience.
  • Must possess excellent communication skills, both verbal and written, along with active listening.
  • Must be able to communicate with branch personnel and leaders, members, real estate agents, attorneys, insurance agents, and other SECU departments.
  • Strong networking and relationship development skills.
  • Meets compliance and regulatory standards.
  • Meet personal/team qualitative and quantitative targets.
  • Must be able to speak English fluently.
  • Must understand and be dedicated to the Credit Union philosophy and work ethic.
  • Must adhere to the work schedule and attendance policies established by the Credit Union

Preferred Education & Experience (Knowledge, Skills, & Abilities):
  • Four-year degree
  • 2-5 years of experience in mortgage lending, direct underwriting experience preferred.
  • Knowledge of GSE secondary market guidelines and various NC down payment assistance programs as related to underwriting, including but not limited to FHLBA and NCHFA.
  • Experience with MortgageBot, Encompass, or other loan origination systems
  • Certified Residential Underwriter designation or Residential Loan Processor Certificate

Job Environment & Physical Requirements:
  • Primarily remote settings with a dedicated quiet work environment to make and receive phone calls. Some office setting work may be required with physical proximity to other employees and background noise.
  • Use hands and fingers to press keys on a computer keyboard to enter or retrieve information.
  • Use hands and fingers to press telephone keypad and lift telephone receiver.
  • Must be able to comprehend and complete job demands.
  • Must be able to comprehend phone calls.

SECU provides equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.
Disclaimer
State Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.

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