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Contract Underwriting Jobs (NOW HIRING)

Banking

Customer Service Representative

Tempe, AZ · On-site

$15.50 - $21.25/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Maintain accurate CRM documentation, referral notes, and activity tracking. * Follow up with customers regarding documentation, contract signing, and onboarding. * Coordinate with underwriting and ...

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Contract Underwriting information

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$48K

$103.1K

$158.5K

How much do contract underwriting jobs pay per year?

As of Aug 17, 2026, the average yearly pay for contract underwriting in the United States is $103,082.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,000.00 and $121,000.00 per year, depending on experience, location, and employer.

What is contract underwriting?

Contract underwriting is the process of evaluating and assessing the risks associated with a potential insurance contract or agreement, typically before it is finalized. Underwriters review applications, analyze financial and legal information, and determine the terms and conditions under which coverage is offered. Their goal is to ensure that the contract is profitable for the insurer while providing fair protection for the client. This role is common in industries such as insurance, finance, and real estate.

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

To thrive as a Contract Underwriter, you need a solid grasp of risk assessment, financial analysis, and industry-specific regulations, often supported by a degree in finance, business, or a related field. Familiarity with underwriting software, risk management tools, and relevant certifications such as CPCU or ARM are typically required. Strong analytical thinking, attention to detail, and effective communication help underwriters negotiate terms and collaborate with clients and colleagues. These skills ensure accurate risk evaluation and profitable, compliant contract decisions that protect the organization's interests.

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

Contract underwriters often face challenges such as assessing complex risk factors, interpreting ambiguous policy language, and balancing client needs with company guidelines. Staying updated on regulatory changes and industry trends is crucial to making sound decisions. Effective collaboration with sales, legal, and risk management teams can help underwriters clarify uncertainties and ensure contracts are both competitive and compliant. Leveraging advanced underwriting software and ongoing professional development also supports accurate and efficient decision-making.

What is the difference between Contract Underwriting vs Insurance Underwriter?

AspectContract UnderwritingInsurance Underwriter
CredentialsTypically requires a relevant insurance or underwriting certification, bachelor's degree in finance, business, or related fieldSimilar credentials, often requiring insurance licenses or certifications, bachelor's degree in related fields
Work EnvironmentPrimarily office-based, assessing specific contract terms, working closely with brokers and clientsOffice or remote, evaluating insurance applications, risk assessment, and policy issuance
Employer & IndustryInsurance companies, brokers, or underwriting agenciesInsurance companies, brokers, and risk management firms
Comparison Search IntentHigh overlap in job functions and industry usage

Contract Underwriting and Insurance Underwriting share similar credentials, work environments, and industry usage. Both roles involve evaluating risks and working within insurance companies or brokers. The main difference lies in Contract Underwriting focusing on specific contractual agreements, while Insurance Underwriters assess broader insurance policies and risks.

More about Contract Underwriting jobs

What cities are hiring for Contract Underwriting jobs?

Cities with the most Contract Underwriting job openings:

What are the most commonly searched types of Underwriting jobs?

The most popular types of Underwriting jobs are:

What states have the most Contract Underwriting jobs?

States with the most job openings for Contract Underwriting jobs include:

Contract Underwriting jobs near you
Infographic showing various Contract Underwriting job openings in the United States as of August 2026, with employment types broken down into 94% Full Time, 3% Part Time, and 3% Contract. Highlights an 74% Physical, 9% Hybrid, and 17% Remote job distribution, with an average salary of $103,082 per year, or $49.6 per hour.

Sr. Contract Underwriting Territory Manager

Merchants Bonding Company

Chicago, IL • On-site, Remote

$145K - $175K/yr

Other

Medical, PTO

Re-posted yesterday

Job description

Say Yes to the Best Career Opportunities
Merchants Bonding Company™ is hiring professionals who value clarity, collaboration, and opportunities to make an impact. Our team is growing, and we're looking for people who thrive in a fast-moving environment built on common sense underwriting and first-class experiences. If you're ready for the next step in your career with a team that says yes to the best, this is your opportunity.
BUILD YOUR CAREER AT MERCHANTS
Are you a determined individual and creative problem-solver looking to join a collaborative team? We value communication and purpose-driven work, so we are excited to find someone like you who thrives in an environment where they can make a real impact. If you are passionate about your work and want to be part of an innovative team that values your input, then we have exactly what you're looking to build your career.
ABOUT THE TEAM
The Contract Underwriting department is unique as we solely focus on surety bonds, while offering best in class customer service to our agencies and accounts. Our common sense underwriting philosophy allows us to look at the whole picture while having flexibility to see each account on its own merits. Nationwide, our underwriting team has a collaborative culture with a diverse work environment of motivated, fully invested in the team, individuals who bring people together and strengthen bonds.
JOB RESPONSIBILITIES
Underwriting - Evaluate surety risks based on authority and strategy, review agent submissions and documentation, assess profit/loss potential, and determine appropriate rates.
Quoting and Communication - Prepare bond quotes, respond to inquiries, and develop positive relationships with agents and major accounts through regular on-site visits.
Business Development - Seek out new business opportunities through prospecting and marketing efforts, and represent the company professionally at industry events while networking with peers.
Skills - Possess strong analytical and research skills, and the ability to shift focus quickly to handle a variety of bond applications.
YOUR QUALIFICATIONS
Successful underwriters typically have a Bachelor's degree in business, accounting, or finance, or equivalent work experience in the bond industry and/or commercial banking/real estate. Ideally, they have 5-10+ years of experience in underwriting positions. However, we are open to candidates who bring unique experience and skills to the table, and who are eager to learn and develop themselves further.
  • Financially Savvy - You can confidently read and analyze financial documents with ease.
  • Detail-Oriented - You have a keen eye for detail and strong critical thinking and analysis skills.
  • Communication Master - You possess exceptional verbal and written communication skills, and you know how to tailor your message to different audiences.
  • Collaborative By Nature - You're able to work independently while also being an effective team player.
  • Customer Service Champions - You have a track record of providing first-class experiences to everyone around you.
  • Strategic Thinkers - You approach negotiations with a strategic mindset, always keeping the bigger picture in mind.

We're excited to hear from candidates who are driven, adaptable, and open to learning new things. If you have the foundational qualifications listed above, and a passion for growth and development, we encourage you to apply.
BENEFITS AT MERCHANTS
At Merchants, we value balancing the needs of our associates and their families. We're proud to offer a wide range of benefits designed to help you achieve a healthy work-life balance and support your personal and professional growth. In addition to competitive pay, bonus programs, and paid-time off, here are just a few of the amazing benefits:
  • 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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