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Financial Underwriter Jobs (NOW HIRING)

Foresters Financial

Senior Underwriter

Las Vegas, NV · Remote

$71K - $104K/yr

Strong medical and financial underwriting knowledge * Experience with simplified issue and final expense type products * Strong knowledge of underwriting theory, principles, methods, systems ...

Crum & Forster

AVP, Ancillary Programs

Eatontown, NJ · On-site +1

... underwriting of ancillary insurance and reinsurance products within the Medical Business Unit (MBU). Other responsibilities include portfolio management, financial planning, strategic development ...

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How much do financial underwriter jobs pay per hour?

As of Jun 9, 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 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.

How much money can you make in underwriting?

Financial underwriters typically earn a median annual salary of around $70,000, with salaries ranging from approximately $45,000 to over $100,000 depending on experience, location, and industry. Senior or specialized underwriters can earn higher salaries, and certifications or advanced skills may lead to increased compensation.

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.

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.
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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% Locum Tenens, 3% Internship, 20% As Needed, 15% Full Time, 54% Contract, and 3% Nights. Highlights an 66% Physical, 13% Hybrid, and 21% Remote job distribution, with an average salary of $53,827 per year, or $25.9 per hour.
AVP, Underwriter IV - Capital Equipment Finance (Hybrid)

AVP, Underwriter IV - Capital Equipment Finance (Hybrid)

First Citizens Bank

Los Angeles, CA • Hybrid

$110K - $140K/yr

Full-time

Posted 21 days ago

First Citizens Bank rating

7.6

Company rating: 7.6 out of 10

Based on 103 frontline employees who took The Breakroom Quiz

79th of 141 rated banks

Job description

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office based in NY, NJ, MA, IL, TX, CA, FL, GA, NC, VA.

The AVP, Underwriter IV - CEF supports the Capital Equipment Finance (CEF) team by underwriting at an advanced level of complexity for CEF portfolios. Provides guidance to structuring, servicing, and analysis for both new and renewal credits. Identifies, gathers, and reviews financial information to determine borrower risk ratings and appropriate loan structuring. Assesses and communicates risks to assist department risk mitigation strategies. Provides service and support for both associates and clients, participating in client calls, and may assist in identifying cross-sales opportunities. May assist special projects as needed to facilitate CEF lending activities and service capabilities and may provide direction to less experienced underwriters in the work group.


Responsibilities
  • Underwriting - Underwrites CEF accounts according to applicable regulations, procedures, and guidelines. Reviews financial statements, communicates with clients or prospects, and performs analysis to recommend borrower risk ratings and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome. May provide guidance to less experienced underwriters through knowledge of underwriting procedures and information needs.
  • Analysis - Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collateral to form a general business overview of the borrower. Utilizes results of analysis to underwrite CEF loans.
  • Risk Management - Identifies risks through reviews, analysis, and research of new and existing CEF loans. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the CEF portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management.
  • Business Support - May assist in Identifying cross-sales opportunities for new and existing relationships based on analysis activities. Identifies servicing information and prepares credit analysis documentation. Partners with associates and clients to determine needs and structuring of new requests, renewals, and modifications, participating in client and prospect calls as needed. May assist management with peer development and training.

Qualifications

Required:

Bachelor's Degree and 4 years of experience in Underwriting, Loan Analysis, Business Support OR High School Diploma or GED and 8 years of experience in Underwriting, Loan Analysis, Business Support

Preferred:

  • Bachelors, Master's degree in Business, Finance, Economics
  • Finance, Banking
  • Equipment Finance, Asset Based Lending, large ticket
  • Cash flow analysis
  • Credit Lense
  • Completion of a formal credit training program 

If hired in NY, NJ, MA, IL, TX, CA, FL, GA, NC, VA the base pay for this position is generally between $110,000.00 and $140,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

#LI-NK1

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Qualifications:

Required:

Bachelor's Degree and 4 years of experience in Underwriting, Loan Analysis, Business Support OR High School Diploma or GED and 8 years of experience in Underwriting, Loan Analysis, Business Support

Preferred:

  • Bachelors, Master's degree in Business, Finance, Economics
  • Finance, Banking
  • Equipment Finance, Asset Based Lending, large ticket
  • Cash flow analysis
  • Credit Lense
  • Completion of a formal credit training program 

If hired in NY, NJ, MA, IL, TX, CA, FL, GA, NC, VA the base pay for this position is generally between $110,000.00 and $140,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

#LI-NK1

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Education:UNAVAILABLEEmployment Type: FULL_TIME

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