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Insurance Underwriter Jobs in Springfield, MA (NOW HIRING)

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Insurance Underwriter information

See Springfield, MA salary details

$27.9K

$62.1K

$104.6K

How much do insurance underwriter jobs pay per year?

As of Jun 11, 2026, the average yearly pay for insurance underwriter in Springfield, MA is $62,065.00, according to ZipRecruiter salary data. Most workers in this role earn between $43,800.00 and $83,200.00 per year, depending on experience, location, and employer.

What degree do I need to be an Insurance Underwriter?

Insurance underwriters typically need at least a bachelor's degree in fields such as finance, economics, business, or risk management. Relevant skills include strong analytical abilities and knowledge of insurance policies and regulations; some roles may require industry certifications like the Chartered Property Casualty Underwriter (CPCU).

What does an insurance underwriter do?

An insurance underwriter evaluates applications for insurance coverage and determines the level of risk involved in insuring a person or asset. They review information such as application forms, medical records, and financial documents to decide whether to offer insurance and at what premium rate. Underwriters play a crucial role in helping insurance companies set appropriate coverage terms and minimize potential losses. Their work ensures that the company remains profitable while providing fair and accurate coverage to clients.

What are some common challenges insurance underwriters face in balancing risk and customer satisfaction?

Insurance underwriters often face the challenge of assessing risks accurately while maintaining competitive offerings that satisfy clients. Striking the right balance can be difficult, as being too cautious may result in lost business, while being overly lenient can lead to unprofitable claims. Underwriters must stay current with industry trends, regulations, and risk assessment tools, and they frequently collaborate with agents and actuaries to ensure sound decisions. Effective communication and analytical skills are essential to navigate these competing demands and to help build long-term client relationships.

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

To thrive as an Insurance Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of finance and risk assessment, often supported by a bachelor's degree in business, finance, or related fields. Familiarity with underwriting software, risk management systems, and relevant certifications like Chartered Property Casualty Underwriter (CPCU) is typically required. Excellent communication, decision-making, and negotiation skills help underwriters explain policies and collaborate effectively with agents and clients. These skills are vital for accurately assessing risk, ensuring profitability, and maintaining strong client relationships in the insurance industry.

What qualifications do I need to be an underwriter?

To become an insurance underwriter, a bachelor's degree in fields like finance, economics, or business is typically required. Relevant skills include strong analytical abilities, attention to detail, and knowledge of insurance policies and risk assessment. Professional certifications such as the Chartered Property Casualty Underwriter (CPCU) can enhance job prospects.

Is insurance underwriting a good career?

Insurance underwriting is a stable career that involves evaluating risks and determining policy terms, often requiring analytical skills and attention to detail. It offers opportunities for advancement, certification, and a typical office schedule, making it a viable option for those interested in finance and risk management.

What Are Insurance Underwriters?

Insurance underwriters evaluate insurance policy applications, assess the risk, and make recommendations for coverage and premium pricing to insurance issuers. As an insurance underwriter, you use computer software and specific criteria to assess risk and establish pricing and research other factors such as market trends and equity values to provide data to support your recommendations. You determine if the policy will likely be a good financial investment for the insurance provider.

What do you do as an Insurance Underwriter?

An Insurance Underwriter evaluates insurance applications to determine coverage eligibility and premium rates based on risk assessment. They analyze factors such as applicant information, policy details, and industry data, often using specialized software, to make informed decisions that balance company risk and profitability.

What is the difference between Insurance Underwriter vs Claims Adjuster?

AspectInsurance UnderwriterClaims Adjuster
Primary RoleAssess risk and determine policy termsEvaluate insurance claims and determine payouts
Required CredentialsTypically requires a bachelor's degree; certifications like CPCU are commonOften requires a bachelor's degree; certifications like AIC or CPCU are beneficial
Work EnvironmentOffice-based, analyzing data and risk factorsField and office-based, investigating claims and interviewing claimants
Industry UsageUsed across insurance companies for policy issuanceUsed for claims processing and settlement

Both roles are integral to the insurance industry, with underwriters focusing on risk assessment before policy issuance, and claims adjusters handling claims after a loss occurs. While their work environments and responsibilities differ, they often require similar credentials and certifications, making them closely related career paths within insurance companies.

More about Insurance Underwriter jobs
What are the most commonly searched types of Insurance Underwriter jobs in Springfield, MA? The most popular types of Insurance Underwriter jobs in Springfield, MA are:
What are popular job titles related to Insurance Underwriter jobs in Springfield, MA? For Insurance Underwriter jobs in Springfield, MA, the most frequently searched job titles are:
What job categories do people searching Insurance Underwriter jobs in Springfield, MA look for? The top searched job categories for Insurance Underwriter jobs in Springfield, MA are:
What cities near Springfield, MA are hiring for Insurance Underwriter jobs? Cities near Springfield, MA with the most Insurance Underwriter job openings:
Insurance Underwriter jobs near you
Infographic showing various Insurance Underwriter job openings in Springfield, MA as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $62,065 per year, or $29.8 per hour.
Mortgage Loan Underwriter

Mortgage Loan Underwriter

Monson Savings Bank

Wilbraham, MA • On-site

$33 - $38/hr

Other

Medical, Dental, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Monson Savings Bank is seeking an experienced Mortgage Loan Underwriter who thrives in a collaborative environment and is ready to make a meaningful impact. Monson Savings Bank is more than a financial institution-we are a trusted community partner committed to helping individuals and families achieve their homeownership goals.

Position Overview

The Mortgage Loan Underwriter is responsible for evaluating residential mortgage and consumer loan applications to ensure sound credit decisions and compliance with Bank policies, FNMA/MassHousing guidelines, and regulatory requirements. This role plays a key part in maintaining loan quality, managing pipeline flow, and partnering with internal teams to deliver timely, efficient loan processing.

Key Responsibilities

  Review and underwrite mortgage and consumer loan applications, including analysis of credit, income, assets, and collateral

  Make approval and denial decisions within delegated authority and issue commitment letters

  Ensure compliance with Bank policy, FNMA, MassHousing, and applicable federal and state regulations

  Provide guidance and clarification to loan originators and processors to improve loan quality and reduce delays

  Review appraisals and other documentation for accuracy and completeness

  Manage a consistent pipeline to meet turnaround and service expectations

  Support secondary market functions including pricing, commitments, and loan delivery

Qualifications

Associate's Degree in Business or related field and minimum two years mortgage loan underwriting experience; or equivalent combination of education and experience

  • Strong knowledge of mortgage underwriting guidelines and lending regulations
  • Strong organizational skills with high level of accuracy and attention to detail
  • Ability to prioritize and manage time and multiple responsibilities while meeting established deadlines.
  • Strong analytical and decision-making skills
  • Excellent verbal and written communication skills with demonstrated report writing skills
  • Interacts with others in an effective and professional manner, with a team approach to work responsibilities

Salary Range: $33 - $38 per hour

Join our growing and dynamic team! We are a successful community bank dedicated to our customers, associates and communities!

Benefits include paid time off, 401(k) with company match, suite of insurance benefits including medical, dental and more! This is a great opportunity to join a successful, local bank that has a rich history of investing in employees and local communities for more than 150 years!

Monson Savings Bank is an Equal Opportunity Employer to all protected groups, including protected veterans and individuals with disabilities.

Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential position functions. 

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