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Marine Underwriter Jobs (NOW HIRING)

Axos Bank

Sr. Underwriter- Marine/ Yacht

San Diego, CA · On-site +1

$80K - $100K/yr

Review and underwrite marine and yacht loan applications for initial approval, conditional approval, and final clear-to-close decisions. * Analyze personal and business tax returns, financial ...

Axos Bank

Sr. Underwriter- Marine/ Yacht

San Diego, CA

$80K - $100K/yr

Review and underwrite marine and yacht loan applications for initial approval, conditional approval, and final clear-to-close decisions. * Analyze personal and business tax returns, financial ...

thg

Marine Underwriting Associate

Houston, TX · Hybrid

Our Marine team is seeking an Underwriting Associate to join their growing team in the Houston, TX ... Supports the Underwriter in new business and renewal activities * Account preparation: collection ...

thg

Marine Underwriting Associate

Charlotte, NC · Hybrid

Our Marine team is seeking an Underwriting Associate to join their growing team in our Alpharetta ... Supports the Underwriter in new business and renewal activities * Account preparation: collection ...

thg

Marine Underwriting Associate

Richmond, VA · Hybrid

Our Marine team is seeking an Underwriting Associate to join their growing team in our Alpharetta ... Supports the Underwriter in new business and renewal activities * Account preparation: collection ...

thg

Marine Underwriting Associate

Houston, TX · Hybrid

Our Marine team is seeking an Underwriting Associate to join their growing team in the Houston, TX ... Supports the Underwriter in new business and renewal activities * Account preparation: collection ...

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Marine Underwriter information

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$11K

$38.5K

How much do marine underwriter jobs pay per year?

As of Sep 7, 2026, the average yearly pay for marine underwriter in the United States is $36,613.00, according to ZipRecruiter salary data. Most workers in this role earn between $34,500.00 and $37,500.00 per year, depending on experience, location, and employer.

What is a marine underwriter?

Marine underwriters are insurance professionals who assess and evaluate risks associated with marine ventures, such as shipping, cargo, and offshore operations. They determine the terms and conditions for marine insurance policies, calculate premiums, and decide whether to accept or decline coverage. Their expertise helps protect shipping companies, exporters, and importers from potential financial losses due to accidents, natural disasters, or other unforeseen events at sea.

What does a marine underwriter do?

A marine underwriter provides insurance coverage for boats, ships, and other naval assets. In this career, your responsibilities involve providing a valuation for the vessel, crew, and items or cargo that they transport. Your daily duties involve weighing variables such as the value of freight, the price of the boat, whether it will operate inland or on the ocean, and the laws and regulations of countries where the vessel might travel. You also obtain and organize pre-qualification information.

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

To thrive as a Marine Underwriter, you need a solid understanding of marine insurance principles, risk assessment, and policy structuring, typically supported by a degree in finance, business, or a related field. Familiarity with underwriting software, risk modeling tools, and relevant certifications such as ACII (Associate of the Chartered Insurance Institute) are often expected. Analytical thinking, negotiation skills, and attention to detail help you excel in evaluating risks and communicating with brokers and clients. These skills are crucial to ensure accurate risk evaluation, profitable underwriting decisions, and strong client relationships in the competitive marine insurance market.

What are some common challenges faced by marine underwriters when assessing risk for unique or high-value shipments?

Marine Underwriters often encounter challenges when evaluating policies for unusual or high-value cargo because these shipments may lack historical data or involve complex logistical routes. Assessing risks requires careful analysis of the cargo's nature, transit methods, and potential exposures to loss or damage. Collaboration with risk surveyors, brokers, and clients is essential to gather accurate information and craft tailored coverage. Staying current with global trade trends and regulatory changes also helps underwriters make informed decisions in this dynamic sector.

What is the difference between Marine Underwriter vs Marine Claims Adjuster?

AspectMarine UnderwriterMarine Claims Adjuster
CredentialsInsurance licenses, underwriting certificationsClaims handling certifications, insurance licenses
Work EnvironmentOffice-based, risk assessment, policy pricingField and office, claims investigation and settlement
Industry UsageInsurance companies, brokersInsurance companies, third-party administrators
Primary FocusAssessing risk, writing policiesInvestigating claims, settling disputes

While both roles operate within the marine insurance industry, Marine Underwriters focus on evaluating risks and issuing policies, whereas Marine Claims Adjusters handle claims and resolve disputes after incidents occur. Understanding these differences helps job seekers identify the right career path in marine insurance.

How much do marine underwriters make?

Marine underwriters typically earn a median annual salary between $70,000 and $120,000, depending on experience, location, and the size of the insurance company. Senior underwriters or those with specialized skills can earn higher salaries, often exceeding $150,000. Compensation may also include bonuses and benefits related to the underwriting environment and industry standards.
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Marine Underwriter jobs near you
Infographic showing various Marine Underwriter job openings in the United States as of August 2026, with employment types broken down into 97% Full Time, 2% Part Time, and 1% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $36,613 per year, or $17.6 per hour.

Sr. Underwriter- Marine/ Yacht

Axos Bank

San Diego, CA • On-site, Remote

$80K - $100K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 14 days ago

Job description

Axos Bank
Target Range:
$80,000/Yr. - $100,000/Yr.
Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.
Eligible for an Annual Discretionary Cash Bonus Target: 10%
Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 10%
These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.
About This Job
Analyze and evaluate marine loan applications to determine creditworthiness and eligibility for financing. Review complex borrower profiles, including high-net-worth individuals, business owners, trusts, and self-employed borrowers, while assessing collateral, borrower capacity, and overall risk. Apply sound underwriting judgment to ensure loans comply with bank policies, regulatory requirements, and portfolio credit standards.
Responsibilities:
  • Review and underwrite marine and yacht loan applications for initial approval, conditional approval, and final clear-to-close decisions.
  • Analyze personal and business tax returns, financial statements, cash flow, liquidity, and global debt obligations to assess borrowers' ability to repay.
  • Evaluate complex borrower structures, including self-employed individuals, business owners, trusts, and high-net-worth clients.
  • Review vessel information, collateral valuations, loan-to-value ratios, insurance requirements, and other marine-specific risk factors.
  • Conduct thorough credit analysis utilizing credit reports, income documentation, asset verification, and debt-to-income calculations.
  • Exercise sound judgment to identify and mitigate credit, collateral, fraud, and compliance risks.
  • Ensure all underwriting decisions comply with bank policies, regulatory requirements, and marine lending guidelines.
  • Provide guidance and support to junior underwriters, analysts, and loan operations staff on credit decisions and underwriting standards.
  • Review and address quality control findings, credit exceptions, and post-closing issues.
  • Collaborate with sales, operations, and management teams to facilitate timely and accurate loan decisions.
  • Stay informed on marine lending market trends, vessel valuations, and evolving credit risk factors.
  • Perform other duties as assigned.

Qualifications:
  • High School Diploma required; Bachelor's Degree in Finance, Business, Accounting, or related field preferred.
  • 3-5+ years of underwriting experience, preferably within marine, yacht, recreational lending, consumer lending, mortgage, or specialty asset finance.
  • Experience analyzing self-employed borrowers, business owners, and high-net-worth individuals.
  • Strong understanding of personal and business financial statement analysis, cash flow analysis, and credit risk assessment.
  • Ability to review complex income structures, including K-1s, partnership returns, corporate returns, and trust documentation.
  • Knowledge of collateral-based lending concepts, including loan-to-value analysis and asset valuation.
  • Strong analytical, decision-making, and problem-solving skills.
  • Excellent communication skills and ability to explain credit decisions to internal stakeholders.
  • Familiarity with marine or yacht lending is strongly preferred.

Axos Employee Benefits May Include:
  • Medical, Dental, Vision, and Life Insurance
  • Paid Sick Leave, 3 weeks' Vacation, and Holidays (about 11 a year)
  • HSA or FSA account and other voluntary benefits
  • 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan
  • Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading

About Axos
Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We're a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.
Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).
Learn more about working at Axos
Pre-Employment Background Check and Drug Test:
All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.
Equal Employment Opportunity:
Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws.
Job Functions and Work Environment:
While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.
The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
E-Verify and Right to Work Notices
Axos participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States. The E-Verify program is an internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.
IER Right to Work Poster (English/Spanish)
E-Verify Participation Poster (English/Spanish)

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