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Junior Underwriter Jobs in Indiana (NOW HIRING)

Manulife

$89K - $105K/yr

... more junior colleagues. Position Responsibilities: * In addition to those performed by Underwriter Consultants - identify and provide solutions to work related problems and issues (i.e. Work flow ...

System One

Customer Service Rep II

Indianapolis, IN · On-site

$20/hr

Minimum of 2 years of mortgage origination experience (e.g. loan originator, loan processor, junior underwriter, loan officer) * Minimum of 1 year of contact center experience or telephone customer ...

System One

Customer Service Rep II

Indianapolis, IN · On-site

$20/hr

Minimum of 2 years of mortgage origination experience (e.g. loan originator, loan processor, junior underwriter, loan officer) * Minimum of 1 year of contact center experience or telephone customer ...

System One

Customer Service Rep II

Indianapolis, IN · On-site

$20/hr

Minimum of 2 years of mortgage origination experience (e.g. loan originator, loan processor, junior underwriter, loan officer) * Minimum of 1 year of contact center experience or telephone customer ...

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Junior Underwriter information

See Indiana salary details

$7

$21

$32

How much do junior underwriter jobs pay per hour?

As of Sep 4, 2026, the average hourly pay for junior underwriter in Indiana is $21.19, according to ZipRecruiter salary data. Most workers in this role earn between $16.01 and $26.06 per hour, depending on experience, location, and employer.

What is a junior underwriter?

A junior underwriter works at a loan company or other financial institution and supports a senior underwriter during the consumer loan process. As a junior underwriter, your job duties include reviewing customer loan applications for accuracy and completeness, evaluating credit reports to determine the creditworthiness of an applicant, and resolving issues with the application process. You may also work with the funding side of the business to secure financing for loans.

What does a junior underwriter do?

A Junior Underwriter assists in evaluating and analyzing the risks associated with insurance applications or loan requests. They review documents, verify applicant information, and follow established guidelines to determine eligibility. Working under the supervision of senior underwriters, they help ensure that decisions are accurate and align with company policies. Their role often involves data entry, communication with clients or brokers, and learning the fundamentals of risk assessment.

What are the key skills and qualifications needed to thrive as a junior underwriter?

To thrive as a Junior Underwriter, you need strong analytical skills, attention to detail, and a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, risk assessment tools, and regulatory compliance systems is typically required. Effective communication, organization, and a collaborative mindset help individuals excel in evaluating applications and coordinating with teams. These skills ensure accurate risk evaluation, regulatory adherence, and smooth workflow within the underwriting process.

What are some common challenges faced by junior underwriters in their first year on the job?

Junior Underwriters often encounter challenges such as managing a steep learning curve when assessing risk and understanding complex insurance policies. They may also find it challenging to balance speed and accuracy while processing applications, as well as adapting to various underwriting software and compliance requirements. Working closely with senior underwriters and other departments helps develop decision-making skills and a strong attention to detail, both of which are essential for success and career growth in underwriting.

How much do beginner underwriters make?

Entry-level underwriters typically earn between $45,000 and $60,000 annually, depending on the industry and location. Starting salaries may be higher with relevant certifications or a degree in finance or risk management, and the role often requires strong analytical skills and attention to detail.

Is it hard to get a job in underwriting?

Getting a junior underwriter position can be competitive, as it often requires relevant education, such as a degree in finance or risk management, and sometimes industry certifications. Strong analytical skills, attention to detail, and familiarity with underwriting software can improve chances of employment.
More about Junior Underwriter jobs

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Junior Underwriter jobs near you
Infographic showing various Junior Underwriter job openings in Indiana as of August 2026, with employment types broken down into 97% Full Time, and 3% Part Time. Highlights an 79% In-person, 3% Hybrid, and 18% Remote job distribution, with an average salary of $44,072 per year, or $21.2 per hour.

Commercial Underwriter IV

Cypress HCM

Carmel, IN • Hybrid

Full-time

Re-posted 5 days ago

Job description

Commercial Underwriter IV
 
Location: Indianapolis, IN 46240 (Hybrid – Office Tues, Wed,Thurs…..WFH Mon, Fri)
Pay: $115,000-140,000 (Compensation can vary depending on experience) ND Bonus up to 10% 
 
General Overview
The Commercial Loan Underwriter is responsible for conducting thorough financial analyses, risk evaluations, and due diligence to assess and recommend commercial loan approvals within the lines of business. This position works closely with the Executive Director, Director of Underwriting, and the Loan Committee to structure, underwrite, and manage complex and high-value credit relationships.
 
Responsibilities
  • Financial Analysis & Credit Assessment: Evaluate commercial loan applications, analyze credit data, and determine applicants' creditworthiness, ensuring compliance with Bank Lending Policy. Formulate structured recommendations for complex loans ($2.5MM - $20MM) that may require approval from the Senior Credit Committee.
  • Credit Memo Preparation: Develop and present credit memorandums for new and renewal requests on large and intricate credit lines.
  • Loan Approval Authority: Utilize individual lending authority to approve or deny credit requests, managing high-level loan decisions within the underwriting team.
  • Due Diligence Coordination: Lead on-site due diligence visits to borrower locations, collaborating with external partners such as accounting and valuation firms when necessary.
  • Loan Portfolio Management: Partner with the Servicing team to monitor loan portfolios, ensure adherence to financial covenants, conduct risk rating assessments, and review collateral performance.
  • Legal Documentation: Oversee and negotiate loan closing documentation, ensuring all pre-funding conditions are satisfied.
  • Industry Training: Build expertise in the financing domains and deliver training both internally and externally.
  • Team Support: Manage loan pipeline, mentor junior underwriters, and assist with team coordination as needed.
  • Special Projects: Support various special projects as directed.
 
Requirements
  • Experience: 7–10 years of experience in commercial lending and/or credit underwriting, with a focus on commercial relationships of $5MM or greater.
  • Education: Bachelor’s degree in Accounting, Finance, Economics, Business Administration, or related fields; a Master’s in Business is preferred but not required.
  • Skills:
    • Strong mathematical and financial analysis capabilities
    • Proficient in advanced accounting principles
    • Excellent interpersonal and communication skills
    • Expertise in financial software, including BRIDGE and Microsoft Office
    • Certifications (Preferred): Certified banking credit analyst or equivalent training.
  • May supervise and train junior underwriters, providing guidance and mentorship. 
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About Cypress HCM

Sourced by ZipRecruiter

We deliver consistently superior recruiting by virtue of trusting, communicative relationships with companies and candidates alike. From Fortune 100s to startups, clients lean on us to fulfill their range of needs from contract to full-time positions. With an intimate knowledge of the industries we serve, a keen sense of what makes for high-performing talent in any role, and shared sense of urgency, our clients will tell you: your solution begins here.

Industry

Recruiting and staffing services

Company size

51 - 200 Employees

Headquarters location

Walnut Creek, CA, US

Year founded

2005

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