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Portfolio Underwriter Jobs (NOW HIRING)

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Small CL Senior Field Underwriter

Bloomington, MN · Remote

$99K - $117K/yr

  • Medical

The account responsibility falls to the Portfolio underwriter although consultation between Field and Portfolio Underwriter is expected as required. Declination reasons and coverage advantages to ...

thg

Small CL Senior Field Underwriter

Bloomington, MN · Remote

$99K - $117K/yr

  • Medical

The account responsibility falls to the Portfolio underwriter although consultation between Field and Portfolio Underwriter is expected as required. Declination reasons and coverage advantages to ...

thg

Underwriter Portfolio Middle Market

Worcester, MA · On-site +1

The Sr. Portfolio Underwriting Specialist role is a key member of the home office underwriting team and will support field renewal underwriting operations. You will underwrite a nationwide portfolio ...

thg

Underwriter Portfolio Middle Market

Worcester, MA · On-site +1

The Sr. Portfolio Underwriting Specialist role is a key member of the home office underwriting team and will support field renewal underwriting operations. You will underwrite a nationwide portfolio ...

thg

Small CL Field Underwriter

Phoenix, AZ · On-site +1

  • Medical

After these steps, the account responsibility falls to the Portfolio underwriter, although consultation between Field and Portfolio Underwriter is expected as required. * Clearly communicate appetite ...

thg

Small CL Field Underwriter

Phoenix, AZ · On-site +1

  • Medical

After these steps, the account responsibility falls to the Portfolio underwriter, although consultation between Field and Portfolio Underwriter is expected as required. * Clearly communicate appetite ...

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Portfolio Underwriter information

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$32.5K

$78.9K

$139.5K

How much do portfolio underwriter jobs pay per year?

As of Aug 15, 2026, the average yearly pay for portfolio underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What does a portfolio underwriter do?

A Portfolio Underwriter is responsible for assessing and managing the risk of a group of insurance policies or loans, rather than evaluating them individually. They analyze trends and performance across the portfolio to ensure it meets the company’s risk appetite and profitability goals. Their work involves making recommendations on pricing, coverage terms, and risk mitigation strategies. Portfolio Underwriters often collaborate with other underwriters, actuaries, and data analysts to maintain a healthy balance of risk and reward for the company.

Is it hard to get a job in portfolio underwriting?

Getting a job as a portfolio underwriter can be competitive, often requiring relevant experience in credit analysis, financial modeling, or risk assessment. Strong analytical skills, industry certifications like CFA or CPA, and familiarity with underwriting software can improve chances of employment. Entry-level roles may be available for those with related internships or educational backgrounds in finance or economics.

What is the difference between Portfolio Underwriter vs Credit Analyst?

AspectPortfolio UnderwriterCredit Analyst
CredentialsTypically requires underwriting certifications, finance degreesOften requires finance or accounting degrees, certifications like CFA
Work EnvironmentWorks in insurance or banking sectors, assessing risk for portfoliosWorks in banks or financial institutions, analyzing creditworthiness
Employer & IndustryInsurance companies, banks, asset managersBanks, lending institutions, credit agencies
Comparison FocusFocuses on managing and assessing risk across a portfolio of assetsFocuses on evaluating individual credit applications and risk

While both roles involve risk assessment, Portfolio Underwriters focus on managing risk across entire asset portfolios, whereas Credit Analysts evaluate individual credit applications. Both require financial knowledge and risk assessment skills, but their scope and daily tasks differ.

How does a portfolio underwriter typically collaborate with other departments to manage risk effectively?

Portfolio Underwriters frequently work in close partnership with actuaries, risk analysts, and sales teams to assess the overall risk exposure of their book of business. They participate in regular meetings to review portfolio performance, adjust underwriting guidelines, and share insights on market trends. Effective collaboration ensures that underwriting decisions align with company risk appetite and regulatory requirements, while also supporting business development goals. This cross-functional teamwork is essential for maintaining a balanced and profitable portfolio.

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

To thrive as a Portfolio Underwriter, you need strong analytical skills, a solid understanding of risk assessment, and usually a degree in finance, economics, or a related field. Familiarity with underwriting software, portfolio management systems, and sometimes professional certifications like CPCU or ARM are commonly expected. Attention to detail, decision-making ability, and effective communication are essential soft skills for this role. These competencies are crucial for accurately evaluating risk, maintaining profitable portfolios, and collaborating with stakeholders in a dynamic insurance environment.
More about Portfolio Underwriter jobs

What job categories do people searching Portfolio Underwriter jobs look for?

The top searched job categories for Portfolio Underwriter jobs are:

Portfolio Underwriter jobs near you
Infographic showing various Portfolio Underwriter job openings in the United States as of August 2026, with employment types broken down into 1% Internship, 89% Full Time, 7% Part Time, and 3% Contract. Highlights an 85% Physical, 5% Hybrid, and 10% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Reinsurance and Portfolio Underwriter

Hippo Insurance

Morristown, NJ • On-site

$175K - $265K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 10 hours ago

Job description

Title: Reinsurance and Portfolio Underwriter
Location: Morristown, NJ (Hybrid/Flexible)
Reporting to: SVP, Chief Ops & UW Officer, Risk Entities
About Hippo:
Hippo was built on a promise: make homeownership effortless. Nearly a decade later, that mission still drives us. We use technology and data to help our customers stay ahead of problems and protect what matters most.
Today, that same tech-native approach powers our work beyond homeowners. Hippo operates as a diversified carrier platform, partnering with MGAs to deliver tailored program solutions that help them grow and deliver better customer experiences. Behind that work is a team that values ownership, curiosity, collaboration, and continuous improvement.
If you're energized by building what's next, we'd love to meet you.
About This Role:
The Reinsurance and Portfolio Underwriter is responsible for underwriting and monitoring assumed reinsurance transactions, program and MGA business, and providing underwriting diligence on strategic initiatives in support of the Reinsurance and Portfolio Management department.
This role operates with broad scope across multiple underwriting workstreams rather than a single fixed book, and requires the ability to evaluate risk quality and make sound underwriting decisions across unfamiliar lines and deal structures with minimal lead time.
This role allows the Partner Programs and Ceded Reinsurance teams to remain focused on their core relationship and portfolio responsibilities by absorbing time-sensitive underwriting evaluation work as it arises.
What You'll Do:
Assumed Reinsurance Underwriting and Monitoring
  • Evaluate and underwrite assumed reinsurance transactions sourced directly or through reinsurance intermediaries.
  • Monitor and report on assumed reinsurance portfolio performance, identifying emerging risk and performance trends.

Program and MGA Underwriting and Monitoring
  • Underwrite business produced through program administrators and MGAs.
  • Evaluate underwriting guidelines, appetite, binding authority terms, and rate adequacy.
  • Monitor and report on book performance on an ongoing basis, managing the relationship with program administrators and MGAs against agreed parameters.

Special Projects
  • Provide underwriting judgment and risk assessment support on strategic initiatives, including partnerships, investments, and acquisitions.
  • Assess the quality and risk profile of a target's book of business as part of due diligence.

Portfolio Support
  • Assess the marginal fit and contribution of new business to the overall portfolio.
  • Support work across both Owned and Partner Programs teams as needed, based on project requirements.

What You Bring:
  • 10+ years of P&C underwriting experience, spanning both property and casualty lines
  • Bachelor's degree required
  • Demonstrated ability to underwrite unfamiliar lines of business and deal structures with minimal ramp-up time
  • Demonstrated ability to operate independently without a fixed book or single line of accountability
  • Strong analytical judgment for evaluating risk quality in non-standard or unfamiliar structures

Nice to Have:
  • Reinsurance underwriting experience, including assumed treaty or facultative business
  • Program or MGA underwriting experience, including evaluation of delegated underwriting authority
  • Experience working with underwriting data and analytical tools

Benefits and Perks:
Hippo treats its team members with the same level of dedication and care as we do our customers, which is why we're fortunate to provide all of our Hippos with:
  • Healthy Hippos Benefits - Multiple medical plans to choose from and 100% employer covered dental & vision plans for our team members and their families. We also offer a 401(k)-retirement plan, short & long-term disability, employer-paid life insurance, Flexible Spending Accounts (FSA) for health and dependent care, and an Employee Assistance Program (EAP)
  • Equity -This position is eligible for equity compensation
  • Training and Career Growth - Training and internal career growth opportunities
  • Flexible Time Off - You know when and how you should recharge
  • Little Hippos Program - We offer 12 weeks of parental leave for primary and secondary caregivers
  • Hippo Habitat - Snacks and drinks available and catered lunches for onsite employees

The Morristown, NJ base pay range for this role is $175,000-$265,000. Exact compensation may vary based on several job-related factors that are unique to each candidate, including but not limited to: skill set, experience, education/training, location, business needs and market demands.
Hippo is an equal opportunity employer, and we are committed to building a team culture that celebrates diversity and inclusion.
Hippo's applicants are considered solely based on their qualifications, without regard to an applicant's disability or need for accommodation. Any Hippo applicant who requires reasonable accommodations during the application process should contact the Hippo's People Team to make the need for an accommodation known.
Hippo CCPA

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