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Financial Underwriter Jobs (NOW HIRING)

Summit

Financial Underwriter (Hybrid)

Washington, DC · On-site

$80K - $100K/yr

Financial Underwriter Washington, DC-Based | Energy and Infrastructure Finance | 5-7 Years of Experience Summit Consulting, LLC provides quantitative and qualitative solutions to help federal ...

Summit

Financial Underwriter (Hybrid)

Washington, DC · On-site

$80K - $100K/yr

Financial Underwriter Washington, DC-Based | Energy and Infrastructure Finance | 5-7 Years of Experience Summit Consulting, LLC provides quantitative and qualitative solutions to help federal ...

Aquent

Dental/Vision Financial Underwriter

Chicago, IL · On-site +1

$45 - $49/hr

ASAP The Senior Financial Underwriter, supporting a healthcare client of Aquent, computes rates for renewing and prospective group Dental and Vision accounts of moderate to high complexity. Reporting ...

Chubb

Underwriter, Financial Institutions

Manhattan, NY · On-site

$63K - $92K/yr

The Financial Institutions team is currently seeking an Underwriter to execute growth and underwriting strategies for the New York Region. MAJOR DUTIES & RESPONSIBILITIES: Responsibilities for the ...

Chubb

Underwriter, Financial Institutions

Chicago, IL

$85K - $130K/yr

The Financial Institutions Underwriter will have accountability for the financial performance of the book of business, achieving growth for the branch, region and territory. They will identify ...

Chubb

Underwriter, Financial Institutions

Manhattan, NY

$63K - $92K/yr

The Financial Institutions team is currently seeking an Underwriter to execute growth and underwriting strategies for the New York Region. MAJOR DUTIES & RESPONSIBILITIES: Responsibilities for the ...

Piermont Bank

Fund Finance Underwriter

New York, NY · On-site

$115K - $150K/yr

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 ...

Piermont Bank

Fund Finance Underwriter

New York, NY · Hybrid

$115K - $150K/yr

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 ...

AIG

Underwriter I, USG, Financial Lines

Lenexa, KS

Join us as a Underwriter I - Financial Lines to play your part in that transformation. It's an opportunity to grow your skills and experience as a valued member of the team. Make your mark in ...

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Financial Underwriter information

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How much do financial underwriter jobs pay per hour?

As of Jun 29, 2026, the average hourly pay for financial 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 type of underwriter gets paid the most?

Senior or specialized underwriters, such as commercial or mortgage underwriters with extensive experience and certifications, tend to earn the highest salaries in underwriting. Their advanced skills and industry knowledge often lead to higher compensation compared to entry-level or general underwriters.

What are some common challenges financial underwriters face when evaluating complex loan applications?

Financial underwriters often encounter challenges when assessing applications involving non-traditional income sources, self-employed applicants, or complex financial portfolios. These situations require thorough analysis, attention to detail, and sometimes additional documentation to accurately evaluate risk. Underwriters must balance regulatory requirements with the lender's risk appetite, all while meeting tight deadlines. Collaboration with loan officers, credit analysts, and sometimes even applicants is key to resolving ambiguities and ensuring sound decisions.

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

To thrive as a Financial Underwriter, you need strong analytical abilities, attention to detail, and a solid understanding of financial principles, typically supported by a degree in finance, economics, or a related field. Familiarity with underwriting software, risk assessment tools, and proficiency in Excel are commonly required, along with relevant certifications like Chartered Financial Analyst (CFA) or Associate in Commercial Underwriting (AU). Excellent communication, negotiation, and decision-making skills help you collaborate with clients and stakeholders while effectively evaluating risk. These competencies are crucial for making sound, data-driven decisions that protect the financial interests of your organization.

Is underwriting a lot of math?

Financial 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 underwriting software can help streamline the process.

What is the difference between Financial Underwriter vs Loan Processor?

AspectFinancial UnderwriterLoan Processor
CredentialsTypically requires a finance or related degree; certifications like CPCU or ARM are commonOften requires a high school diploma or associate degree; certifications are less common
Work EnvironmentOffice setting, analyzing financial data and riskOffice setting, gathering documents and preparing loan files
Employer & IndustryBanks, insurance companies, lending institutionsBanks, mortgage companies, credit unions

Financial Underwriters focus on assessing risk and approving or denying loan applications based on financial data, while Loan Processors handle the administrative tasks of collecting documents and preparing files for approval. Both roles are essential in the lending process but differ in responsibilities and required credentials.

What does a financial underwriter do?

A financial underwriter evaluates and assesses the risk of insuring clients or approving loans and investments. They analyze financial documents, credit histories, and other relevant data to determine if an applicant meets the necessary criteria for approval. Their decision-making helps financial institutions minimize losses while still providing services to qualified individuals or businesses. Underwriters can work in industries like insurance, banking, and securities.

What do financial underwriters do?

Financial underwriters evaluate the risk of lending money or issuing insurance by analyzing applicants' financial information, credit reports, and other relevant data. They determine whether to approve or deny applications and set appropriate terms, often using specialized software and adhering to company policies. Strong analytical skills and attention to detail are essential in this role.

Do underwriters make a lot of money?

Financial underwriters typically earn a median salary that varies by experience, location, and industry, with entry-level positions starting around $50,000 annually and experienced underwriters earning over $100,000. Factors such as certifications, specialized knowledge, and the complexity of the underwriting process can influence earning potential.
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Financial Underwriter jobs near you
Infographic showing various Financial Underwriter job openings in the United States as of June 2026, with employment types broken down into 5% As Needed, 5% Full Time, 80% Part Time, and 10% Contract. Highlights an 72% Physical, 11% Hybrid, and 17% Remote job distribution, with an average salary of $53,827 per year, or $25.9 per hour.
Financial Underwriter (Hybrid)

Financial Underwriter (Hybrid)

Summit

Washington, DC • On-site

$80K - $100K/yr

Full-time

Posted 20 days ago

Job description

Financial Underwriter
Washington, DC-Based | Energy and Infrastructure Finance | 5-7 Years of Experience
Summit Consulting, LLC provides quantitative and qualitative solutions to help federal agencies and mission-driven organizations address complex challenges in financial management, risk management, program delivery, and analysis. Our practitioners combine technical rigor with practical implementation experience, working collaboratively with clients to support sound decisions, strengthen program operations, and improve outcomes for the communities they serve.
Summit is seeking an experienced Financial Underwriter with 5 to 7 years of experience to support federal energy and infrastructure finance work. This position is based in Washington, DC. The selected applicant will contribute to financing, underwriting, and analytical activities involving energy, utility, and infrastructure assets that support economic opportunity, system reliability, affordability, resiliency, and long-term community benefit.
This role is focused on the asset types and financial characteristics associated with energy and utility infrastructure, including renewable generation assets, battery energy storage systems, electric distribution and transmission assets, grid modernization investments, rural and community-serving utility systems, and related infrastructure assets. The work requires the ability to evaluate asset-level financial performance, borrower or sponsor capacity, cost reasonableness, operating assumptions, repayment capacity, and the strength of supporting documentation.
The strongest candidates will bring advanced financial judgment, mature underwriting discipline, strong technical writing skills, and the ability to evaluate complex asset and borrower information in a clear, well-documented, and defensible manner. Candidates should be comfortable assessing both quantitative financial indicators and qualitative considerations, including sponsor capacity, implementation risk, documentation quality, operating risk, reasonableness of assumptions, and alignment with stated financing objectives.
Apply to this position if you know how to:
  • Lead or independently perform financial due diligence for energy, utility, and infrastructure assets, including renewable generation, battery energy storage, electric distribution and transmission systems, grid modernization assets, and related community-serving infrastructure.
  • Review and interpret financial statements, operating statements, budgets, sources and uses of funds, debt schedules, capital expenditure plans, asset-level cost documentation, and other materials to assess applicant, borrower, or sponsor capacity.
  • Evaluate the financial reasonableness of asset investments, including capital costs, financing structures, projected revenues, operating expenses, repayment capacity, reserve assumptions, useful life considerations, and long-term sustainability.
  • Analyze borrower creditworthiness, liquidity, leverage, operating performance, cash flow, and ability to meet proposed financing obligations, including the ability to identify and explain material credit risks.
  • Review loan, grant, credit, or financial assistance application materials for completeness, consistency, documentation quality, and alignment with applicable financing requirements.
  • Identify documentation gaps, financial inconsistencies, unsupported assumptions, asset-level risks, borrower risks, and follow-up questions needed to support a complete underwriting review, and recommend practical paths for resolution.
  • Assess complex financial and operational risks, including sponsor capacity, asset feasibility, construction or implementation considerations, operating assumptions, cost escalation risk, repayment risk, and adequacy of supporting documentation.
  • Prepare client-ready underwriting narratives, financial summaries, risk assessments, issue papers, recommendation memoranda, and decision-support materials for both technical and non-technical audiences.
  • Review the work of junior analysts or underwriters for accuracy, completeness, consistency, and clarity, and provide constructive feedback that improves the quality of underwriting deliverables.
  • Monitor a review pipeline, prioritize competing assignments, and promptly support new submissions, revised materials, resubmittals, and client requests.
  • Work in a team environment with other underwriters, business intelligence analysts, project managers, and client stakeholders to contribute to overall processing goals and consistent application review standards.
  • Communicate analysis in oral and written formats to respond to immediate, short-term, and long-term client and colleague requests, including the ability to brief key risks, assumptions, and recommendations clearly.

Requirements for this position include:
  • 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 analysis, commercial lending, project finance, infrastructure finance, public finance, energy finance, federal loan or grant program support, or a similar analytical role.
  • Demonstrated ability to independently evaluate complex financial statements, cash flow, credit risk, repayment capacity, financial ratios, asset-level budgets, and supporting documentation.
  • Experience assessing capital budgets, financing assumptions, operating projections, sources and uses of funds, borrower or sponsor financial capacity, and the reasonableness of underlying assumptions.
  • Working knowledge of energy, utility, or infrastructure asset considerations, such as capital cost drivers, operating costs, revenue assumptions, useful life, resiliency, maintenance needs, system reliability, and long-term financial sustainability.
  • Ability to identify, document, and communicate material financial, credit, operational, implementation, and documentation risks in a clear and defensible manner.
  • Advanced analytical and technical writing skills, including grammar, editing, and proofreading skills, to complete underwriting narratives, financial summaries, risk assessments, issue papers, and recommendation materials with limited revision.
  • Proficiency with Microsoft Excel, Word, and PowerPoint, including the ability to work with financial schedules, summarize quantitative results, and prepare polished written deliverables.
  • Strong organizational skills, attention to detail, and ability to manage multiple complex application reviews or underwriting assignments at the same time.
  • Ability to work collaboratively with colleagues and clients and communicate effectively in technical and non-technical settings.
  • Ability to exercise sound professional judgment, elevate issues appropriately, and support consistent underwriting practices across a portfolio of application reviews.

Preferred qualifications include:
  • Experience supporting federal lending, grant, credit, loan guarantee, or financial assistance programs, including application review, underwriting, credit assessment, or portfolio support.
  • Familiarity with energy, utility, infrastructure, clean energy, electric cooperative, public power, Tribal, community-serving, or rural asset finance.
  • Experience reviewing renewable generation, battery energy storage, electric distribution or transmission, grid modernization, utility system, or other infrastructure assets involving multiple funding sources, complex financing structures, or significant public-sector documentation requirements.
  • Experience preparing or reviewing underwriting packages, credit memoranda, financial risk assessments, loan committee materials, recommendation memoranda, or client-facing decision-support materials.
  • Ability to assess both quantitative financial metrics and qualitative asset risks, including applicant capacity, implementation risk, documentation quality, asset readiness, operating assumptions, reasonableness of costs, and long-term sustainability.
  • Experience mentoring junior analysts or underwriters, reviewing analytical work products, or helping teams apply consistent underwriting standards.
  • Familiarity with infrastructure or project finance concepts, including sources and uses of funds, capital stacks, debt service coverage, repayment capacity, operating projections, reserve assumptions, useful life considerations, and sensitivity analysis.
  • Ability to translate complex financial, technical, and asset-level information into concise, client-ready narratives that support sound financing and program decisions.

If we select you to move forward, you can expect to interview with Summit's underwriting and project leadership staff to discuss your experience as it relates to our business needs, including your financial analysis experience, writing skills, underwriting judgment, ability to evaluate complex asset and borrower risks, and ability to support energy and infrastructure finance work.
If selected, you must be willing to submit to a background check and complete any client-required suitability or onboarding process. Summit strives to ensure that our career website and application process are accessible to all, including individuals with disabilities. If you are a qualified individual with a disability or a disabled veteran and need a reasonable accommodation, please contact Summit Human Resources.
Summit is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or any other legally protected status.
EEO is the law. Information on protections under Federal Law from discrimination is available from the U.S. Department of Labor.

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