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Portfolio Underwriter Jobs (NOW HIRING)

Munich Re

Head of Portfolio Underwriting

Hartford, CT · On-site

Open to all HSB/Munich Re Offices + Remote Options About the Role The Head of Portfolio Underwriting leads a group of Underwriters and collaborates with Product Managers for guidance on product ...

Munich Re

Head of Portfolio Underwriting

Hartford, CT · On-site +1

Open to all HSB/Munich Re Offices + Remote Options About the Role The Head of Portfolio Underwriting leads a group of Underwriters and collaborates with Product Managers for guidance on product ...

Firstrust Bank

Portfolio Manager IV

Conshohocken, PA · On-site

Exercises adherence to FTB's internal portfolio and underwriting processes, including timely and accurate data entry to Vikar (underwriting platform) and/or other centralized systems, as well as ...

Allianz

Portfolio Solutions Risk Lead

Alpharetta, GA · On-site

$124K - $188K/yr

Portfolio Underwriting and Risk Assessment * Evaluate delegated authority portfolios across multiple lines of business, including property, casualty, and specialty * Analyze exposure data, historical ...

Allianz

Portfolio Solutions Risk Lead

Chicago, IL · On-site

$124K - $188K/yr

Portfolio Underwriting and Risk Assessment * Evaluate delegated authority portfolios across multiple lines of business, including property, casualty, and specialty * Analyze exposure data, historical ...

Allianz

Portfolio Solutions Risk Lead

Manhattan, NY · On-site

$124K - $188K/yr

Portfolio Underwriting and Risk Assessment * Evaluate delegated authority portfolios across multiple lines of business, including property, casualty, and specialty * Analyze exposure data, historical ...

Allianz

Portfolio Solutions Risk Lead

O Fallon, MO · On-site

$124K - $188K/yr

Portfolio Underwriting and Risk Assessment * Evaluate delegated authority portfolios across multiple lines of business, including property, casualty, and specialty * Analyze exposure data, historical ...

Seacoast Bank

Commercial Underwriter II

Miami, FL

Effectively manage a commercial loan portfolio. Underwriters will utilize strong analytical skills, high-level understanding of business finance, and extensive knowledge to propose and provide ...

Allianz

Portfolio Solutions Risk Lead

O Fallon, MO · On-site

$124K - $188K/yr

Portfolio Underwriting and Risk Assessment * Evaluate delegated authority portfolios across multiple lines of business, including property, casualty, and specialty * Analyze exposure data, historical ...

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All JobsPortfolio Underwriter Jobs

Portfolio Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

How much do portfolio underwriter jobs pay per year?

As of Aug 16, 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.

Small CL Senior Field Underwriter (NYC)

The Hanover Insurance Group, Inc.

New York, NY • On-site

$84K - $108K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

New

Hanover Insurance rating

8.0

Company rating: 8.0 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

164th of 308 rated insurance

Job description

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture.
Our Small Commercial Underwriting team is currently seeking a Senior Underwriter to join our team.
This is a full time, exempt role. This role is eligible for a fully remote arrangement.
POSITION OVERVIEW:
Small Commercial Senior Field Underwriters are responsible for driving the growth of Small CL business by underwriting new business across all lines and sizes of POS and Non-POS accounts. Also responsible for building and maintaining strong agency relationships partnering with Agency staff and SCSMs. The Senior Field UW should work closely with and direct the activities of their UT partner(s) following established workflows
IN THIS ROLE, YOU WILL:
  • Categorize and direct UT on next steps to be taken based on assessment and categorization
  • Document underwriting decisions within standards and expectations in Underwriting systems
  • Communicate coverages including coverage advantages to highlight in the quoting process, account rounding opportunity, and identify cross-sell opportunity for Specialty businesses on accounts being quoted. 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 Agents to improve hit ratio
  • Communicate proactively with Agents to convey a sense of ownership and service during all interactions
  • Instill confidence with agents in their decision to place new business with The Hanover mainly SCSMs UTs and Renewal UW colleagues to communicate difficult messages most effectively with Agent partners and on overall agency management

KEY MEASURES OF SUCCESS:
  • New Business Production (approx. $2 Million annually)
  • Quality of audits/file reviews and achievement of mix goals aligned with workflows

WHAT YOU NEED TO APPLY:
  • Strong underwriting skill and coverage knowledge; ability to make underwriting decisions on POS and CPP accounts up to $50,000 premium size.
  • Sales orientation: able to solicit, qualify, negotiate and close accounts in a manner that promotes deeper partnership with Agents.
  • Demonstrated commitment to service and partners; high level of responsiveness UTs SCSMs and renewal UWs demonstrating strong relationship building
  • Knowledge of competition and current marketplace; apply to all aspects of performing the role responsiveness and willingness to bring appropriate level of understanding to each opportunity ranging from exception to only underwriting on the small BOP to more thorough review on the larger or more complex accounts.

CAREER DEVELOPMENT:
It's not just a job, it's a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you - at every level - to grow and develop.
BENEFITS:
We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you'll enjoy what you do and have the support you need to succeed.
Benefits include:
  • Medical, dental, vision, life, and disability insurance
  • 401K with a company match
  • Tuition reimbursement
  • PTO
  • Company paid holidays
  • Flexible work arrangements
  • Cultural Awareness Day in support of IDE
  • On-site medical/wellness center (Worcester only)
  • Click here for the full list of Benefits

EEO statement:
The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.
Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law."
As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at:HRServices@hanover.com and include the link of the job posting in which you are interested.
Privacy Policy:
To view our privacy policy and online privacy statement, click here.
Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here
Compensation:
The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.

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