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Finance Underwriter Jobs (NOW HIRING)

Piermont Bank

Fund Finance Underwriter

New York, NY · On-site

$115K - $150K/yr

The Fund Finance Underwriter will be responsible for assessing and underwriting credit facilities for private equity, venture capital, real estate, and other investment funds. The role focuses on ...

Piermont Bank

Fund Finance Underwriter

New York, NY · Hybrid

$115K - $150K/yr

The Fund Finance Underwriter will be responsible for assessing and underwriting credit facilities for private equity, venture capital, real estate, and other investment funds. The role focuses on ...

Summit

Financial Underwriter (Hybrid)

Washington, DC · On-site

$80K - $100K/yr

A bachelor's degree in finance, accounting, economics, business, public policy, energy policy, engineering, or a similar program. * Five to seven years of experience in financial underwriting, credit ...

Summit

Financial Underwriter (Hybrid)

Washington, DC · On-site

$80K - $100K/yr

A bachelor's degree in finance, accounting, economics, business, public policy, energy policy, engineering, or a similar program. * Five to seven years of experience in financial underwriting, credit ...

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Finance Underwriter information

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$37

How much do finance underwriter jobs pay per hour?

As of Jun 17, 2026, the average hourly pay for finance underwriter in the United States is $25.88, according to ZipRecruiter salary data. Most workers in this role earn between $22.60 and $26.20 per hour, depending on experience, location, and employer.

What is the difference between Finance Underwriter vs Credit Analyst?

AspectFinance UnderwriterCredit Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like CFA or CPA are a plusBachelor's degree in finance, accounting, or related field; certifications like CFA or CPA are common
Work EnvironmentFinancial institutions, insurance companies, or lending firmsBanks, credit bureaus, or lending institutions
Employer & Industry UsageUsed in loan, insurance, and mortgage underwriting processesUsed in assessing creditworthiness for loans, credit lines, and financial products

While both roles involve evaluating financial information, a Finance Underwriter primarily assesses risk for loans or insurance policies, making decisions on approval. A Credit Analyst focuses on analyzing credit data to determine an individual's or company's creditworthiness. Both roles require similar credentials and often work within the same industries, but their specific responsibilities differ in scope and focus.

How does a Finance Underwriter typically collaborate with other departments during the loan approval process?

Finance Underwriters work closely with loan officers, credit analysts, and risk management teams to evaluate and approve loan applications. They often communicate with sales teams to clarify applicant information and may consult with legal or compliance departments to ensure all documentation meets regulatory standards. Effective collaboration ensures that lending decisions are well-informed and compliant, while also maintaining a positive experience for clients. This teamwork is essential for managing risk and streamlining the approval process.

Can you be an underwriter with no experience?

While some entry-level underwriting positions may accept candidates with minimal experience, most finance underwriters require relevant knowledge of financial analysis, risk assessment, and industry regulations. Gaining certifications or training in finance or insurance can improve chances of securing an underwriter role without prior experience.

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

To thrive as a Finance Underwriter, you need strong analytical skills, attention to detail, knowledge of financial principles, and typically a bachelor’s degree in finance, business, or a related field. Familiarity with underwriting software, credit scoring systems, and industry certifications such as Chartered Financial Analyst (CFA) or Certified Risk Professional (CRP) is often required. Excellent communication, sound judgment, and decision-making abilities help underwriters assess risk and explain decisions to clients or stakeholders. These skills are crucial for accurately evaluating financial risks, ensuring sound lending decisions, and maintaining organizational profitability.

Do underwriters make a lot of money?

Finance underwriters typically earn a median salary that varies by experience, location, and industry, with entry-level positions starting lower and experienced underwriters earning higher wages. They often receive benefits and may have opportunities for bonuses based on performance. Overall, the salary is considered competitive within the financial services sector.

What does a financial underwriter do?

A financial underwriter evaluates the risk of lending money or issuing insurance by analyzing applicants' financial information, credit history, and other relevant data. They determine whether to approve or deny applications and set appropriate terms, often using specialized software and adhering to industry guidelines.

What does a Finance Underwriter do?

A Finance Underwriter evaluates and analyzes the risks involved in lending money or providing financial services, such as loans, mortgages, or insurance. They review applicants' financial information, credit history, and supporting documents to determine if they meet the institution’s requirements. Finance underwriters play a crucial role in minimizing financial risk by ensuring that only qualified applicants are approved. Their assessments help protect the financial institution from potential losses while also making sure customers get fair consideration.

Is underwriting a lot of math?

Finance underwriters use math to analyze financial data, assess risk, and determine loan or insurance eligibility. Strong skills in basic arithmetic, algebra, and financial calculations are important, and familiarity with spreadsheets or specialized software can help streamline the process. While not heavily focused on advanced mathematics, attention to detail and quantitative skills are essential for success in this role.
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Finance Underwriter jobs near you
Infographic showing various Finance Underwriter job openings in the United States as of June 2026, with employment types broken down into 6% Internship, 91% Full Time, and 3% Contract. Highlights an 81% Physical, 8% Hybrid, and 11% Remote job distribution, with an average salary of $53,827 per year, or $25.9 per hour.
Fund Finance Underwriter

Fund Finance Underwriter

Piermont Bank

New York, NY • On-site

$115K - $150K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 5 days ago

Job description

About Us:
Piermont Bank is a boutique specialty commercial bank focused on serving modern businesses with a digital first approach. As the first cloud native bank launched in the United States, Piermont was built on modern infrastructure that allows us to operate with greater flexibility, efficiency, and scalability than traditional banks.
We combine disciplined commercial banking with innovative technology to deliver value added solutions for small and medium-sized businesses and our fintech partners. Our team is dedicated to thoughtful risk management, strong client relationships, and building a bank designed for the future of financial services.
The Role:
The Fund Finance Underwriter will be responsible for assessing and underwriting credit facilities for private equity, venture capital, real estate, and other investment funds. The role focuses on analyzing fund structures, investor bases, collateral quality, and cash-flow dynamics to determine creditworthiness and appropriate loan terms. This position ensures that financing transactions are sound, compliant, and aligned with the institution's risk appetite and Private Equity Lending Policy.
Responsibilities:
  • Work with the Relationship Managers through the entire loan origination process, from initial prosecting to closing (underwriting, due diligence, obtaining credit approval, reviewing loan documentation).
  • Underwrite complex financing structures, including capital call, NAV-based, and hybrid facilities, by assessing collateral strength and repayment sources.
  • Evaluate risk profiles by reviewing fund performance, sponsor track record, portfolio composition, and market conditions.
  • Conduct due diligence with fund managers, legal counsel, and internal stakeholders to validate assumptions and identify risks.
  • Prepare detailed credit memos and present recommendations to credit committees for approval.
  • Structure loan terms, including covenants, pricing, collateral requirements, and reporting obligations, based on risk assessment.
  • Manage transactions through closing, coordinating documentation, legal negotiations, and internal approvals.
  • Monitor ongoing credit performance, including compliance with covenants, borrowing base calculations, and fund performance updates.
  • Manage all advance and drawdown requests.
  • Maintain knowledge of industry regulations, fund structures, and market trends relevant to private capital and structured lending.

Qualifications:
  • Minimum of a Bachelor's degree in finance, accounting, credit-related field, and at least 5+ years of increasingly diverse or complex applications in finance.
  • Experience in underwriting, portfolio management, seeking credit approval, negotiating loan documents, and closing commercial loans.
  • Minimum of 3+ years in underwriting complex financing structures, including capital call, NAV-based and hybrid facilities, GP facilities, etc.
  • Ability to interpret legal documents, including LPAs, credit agreements, and financial statements.
  • Excellent verbal and written communication skills to interact effectively with fund managers, attorneys, and internal teams.
  • Strong and proven analytical, financial structuring, and execution skills.
  • Deep understanding of regulatory reporting.
  • Strong initiative and interactive approach to problem-solving.
  • Proven ability to prioritize competing demands.

The hiring range for this position is $115,000 to $150,000 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate's job-related knowledge, skills, and experience, among other factors. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.
Piermont Bank is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, political affiliation, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability or other applicable legally protected characteristics.

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