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Contract Underwriter Jobs in Silver Spring, MD (NOW HIRING)

Merchants Bonding Company

Sr. Contract Underwriter

Fulton, MD · Hybrid

$96K - $113K/yr

Job Purpose The Senior Contract Underwriter manages complex accounts, drives high-quality underwriting decisions, and strengthens agency relationships. This role requires sound judgment, strategic ...

Cna

Underwriting Director (Contract Surety)

Timonium, MD · Hybrid

$97K - $189K/yr

Leads and directs an underwriting group and is accountable for business results through overall management, profitability, and business development of a book of business for Surety. In conjunction ...

CNA

Underwriting Director (Contract Surety)

Timonium, MD · On-site

$97K - $189K/yr

Leads and directs an underwriting group and is accountable for business results through overall management, profitability, and business development of a book of business for Surety. In conjunction ...

EagleBank

US-DC-Washington

Washington, DC · On-site

$114K - $192K/yr

... Contract Lending, and/or Special Assets Preferences: * Master's degree in Arts/Sciences (MA/MS) MBA * 10 years experience in commercial credit underwriting and portfolio management can be substituted ...

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Contract Underwriter information

See Silver Spring, MD salary details

$33.6K

$81.5K

$144.2K

How much do contract underwriter jobs pay per year?

As of Sep 4, 2026, the average yearly pay for contract underwriter in Silver Spring, MD is $81,543.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,100.00 and $89,900.00 per year, depending on experience, location, and employer.

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 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 are the most commonly searched types of Underwriter jobs in Silver Spring, MD?

The most popular types of Underwriter jobs in Silver Spring, MD are:

What are popular job titles related to Contract Underwriter jobs in Silver Spring, MD?

For Contract Underwriter jobs in Silver Spring, MD, the most frequently searched job titles are:

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The top searched job categories for Contract Underwriter jobs in Silver Spring, MD are:

What cities near Silver Spring, MD are hiring for Contract Underwriter jobs?

Cities near Silver Spring, MD with the most Contract Underwriter job openings:

Contract Underwriter jobs near you
Infographic showing various Contract Underwriter job openings in Silver Spring, MD as of August 2026, with employment types broken down into 89% Full Time, 8% Part Time, and 3% Contract. Highlights an 69% Physical, 11% Hybrid, and 20% Remote job distribution, with an average salary of $81,543 per year, or $39.2 per hour.

Sr. Contract Underwriter

Merchants Bonding Company

Fulton, MD • On-site

$110 - $140/hr

Other

Medical

Posted 6 days ago

Job description

Job DetailsJob Location: Fulton, MD 20759Salary Range: $110,000.00 - $140,000.00 Base+Commission/yearJob Purpose

The Senior Contract Underwriter manages complex accounts, drives high-quality underwriting decisions, and strengthens agency relationships. This role requires sound judgment, strategic influence, and the ability to present both risk and opportunity clearly. Associates are expected to mitigate objections, support team development, and represent the company with confidence and professionalism.

Job Responsibilities:Strategic Underwriting & Risk Evaluation (60%)
  • Evaluates complex contract surety submissions and makes informed decisions within underwriting authority, using sound judgment while regularly collaborating with peers to strengthen decision quality.
  • Analyzes contractor financials, project schedules, and broader market conditions to assess risk.
  • Prepares and presents underwriting recommendations, providing a clear rationale and proposed path forward.
Agency Leadership & Relationship Growth (30%)
  • Leads relationship strategy for assigned agencies.
  • Conducts onsite visits, presentations, and strategic planning meetings with producers and key agency personnel.
  • Develops new agency relationships through prospecting, referral, and industry engagement.
  • Gathers and communicates market insights, shaping underwriting approach at the territory or regional level.
Team Development & Strategic Contribution (10%)
  • Mentors and provides informal guidance to other underwriters on case analysis and relationship handling.
  • Collaborates with managers and peers to refine underwriting practices and solve challenges.
  • Participates in cross-functional projects, pilots, and initiatives that support innovation and operational improvement.
QualificationsEducation and Experience:
  • Bachelor’s degree preferred. Backgrounds in business, finance, accounting, economics, or related disciplines are highly relevant.
  • Minimum of 5 years of experience in surety underwriting or a related financial/risk evaluation role.
  • Proven ability to underwrite complex accounts, manage agent relationships, and apply judgment under ambiguity.
BENEFITS AT MERCHANTS
  • Flexible hybrid and remote opportunities with 37.5 hour work week
  • Free health insurance option
  • Paid volunteer time off with matching gift program
  • Infants in the Workplace Program with family resources

Discover more benefits at https://www.merchantsbonding.com/careers#nav-link-3

MERCHANTS BONDING COMPANY

Join the Merchants team and experience the difference of working for a surety-only company. At Merchants, we believe in the power of collaboration and teamwork, and we're committed to the success of our associates and customers by creating an inclusive culture that sets us apart and drives our success.

Our company is built on a foundation of providing common sense solutions and first-class experiences. From underwriting to claims and technology to marketing, every department and team collaborates together to achieve our common goal to be the most trusted team in surety.

Learn more about building your career at Merchants by visiting www.merchantsbonding.com/careers.

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