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Contract Underwriting Jobs (NOW HIRING)

TEKsystems

Underwriting Assistant

Bloomington, IL

$18 - $20/hr

Experience performing calculations, auditing documents, or processing contracts. * Familiarity with insurance terminology and policy documentation. Key Skills * Underwriting Support * Data Entry

Zurich Insurance Company Ltd.

CA · On-site

$75K - $165K/yr

Underwriting and analyzing new and renewal business for large contract surety * Navigating complex assignments with confidence and autonomy * Building and maintaining strategic broker and agency ...

EMC Insurance

Bond Underwriting Associate

$47K - $65K/yr

Issues and processes all status inquiries on contract bonds. * Enters and assists the bond underwriters with general indemnity agreements for contract and miscellaneous bond accounts as well as ...

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Contract Underwriting information

See salary details

$48K

$103.1K

$158.5K

How much do contract underwriting jobs pay per year?

As of Aug 18, 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.

Underwriting Consultant - Contract Surety

CNA

Westerville, OH • On-site

Full-time

Re-posted 15 days ago

Job description

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them - and their family members - achieve their physical, financial, emotional and social wellbeing goals.
For a detailed look at CNA's benefits, check out our Candidate Guide.
Individual contributor responsible for the overall management, business development, analysis and monitoring of a highly complex book of business of Surety accounts. Recognized as a technical expert in an underwriting specialty. Under general management direction, works within broad limits of authority on assignments requiring a high degree of technical complexity and coordination. May have regional, industry segment or company-wide scope.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
  • Works on highly complex underwriting risks employing diagnostic and systematic analysis to assess acceptability. Develops specialized endorsement language for highly complex risk.
  • Determines appropriate pricing of complex risks for assigned book of business based on financial and competitive analysis in line with compliance requirements and with little oversight needed from superiors.
  • Makes recommendations on underwriting policy and pricing strategy.
  • Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management.
  • Markets products and services through agencies or through the brokerage community and makes field visits.
  • Develops and maintains agency and/or broker relationships with large producers within the assigned territory to reach positive and profitable outcomes on complex, high-risk business.
  • Keeps current on state/territory issues and regulations, industry activity and trends. May participate in industry trade groups.
  • Mentors and guides less experienced underwriters and assists in the development of underwriting training.
  • Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
  • Responsible for special underwriting projects and presentations.

Reporting Relationship
Manager or above
Skills, Knowledge and Abilities
1. Advanced technical expertise, underwriting skill and high level of knowledge of insurance and underwriting principles, practices and procedures.
2. Strong communication, negotiation and presentation skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
3. Advanced analytical and problem solving skills, with the ability to manage and prioritize multiple projects.
4. Ability to deal with ambiguous situations and issues.
5. Creativity in resolving unique and challenging business problems.
6. Knowledge of Microsoft Office Suite and other business-related software.
7. Demonstrated leadership skills.
Education and Experience
1. Bachelor's degree or equivalent experience. Professional designations preferred.
2. Typically a minimum eight years underwriting experience.
**Title for the role may vary based on experience. Alternate titles may include: Underwriter, Underwriting Specialist or Underwriting Consulting Director**
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CNA utilizes AI-enabled technology during the recruiting process. For more information, please visit our careers page.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact leaveadministration@cna.com

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