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Portfolio Underwriter Jobs (NOW HIRING)

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 ...

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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Portfolio Underwriter information

See salary details

$32.5K

$78.9K

$139.5K

How much do portfolio underwriter jobs pay per year?

As of Sep 9, 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.

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.

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 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.

Is portfolio underwriting a stressful job?

Portfolio underwriters analyze and assess loan or investment portfolios, which can involve high responsibility and attention to detail. The job can be stressful during periods of tight deadlines, high workload, or when making critical risk decisions, but workload and stress levels vary depending on the employer and specific role. Strong analytical skills and experience with underwriting tools help manage the demands of the position.
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Portfolio Underwriter jobs near you
Infographic showing various Portfolio Underwriter job openings in the United States as of September 2026, with employment types broken down into 1% Internship, 91% Full Time, 6% Part Time, and 2% Contract. Highlights an 83% Physical, 4% Hybrid, and 13% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Associate Underwriter/Portfolio Manager III - ADG

Manhattan, NY • Hybrid

First Citizens Bank
See more jobs at First Citizens Bankexternal

$105K - $120K/yr

Full-time

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

First Citizens Bank rating

7.4

Company rating: 7.4 out of 10

Based on 106 frontline employees who took The Breakroom Quiz

108th of 176 rated banks

Job description

Overview

This is a hybrid role, with the expectation that work time will regularly take place inside and outside of a company office.

First Citizens Aerospace, Defense & Government, part of the company's Commercial Finance group, offers asset backed loans for commercial aircraft, aircraft engines and aircraft parts as well as cash flow loans to manufacturers, service providers and private equity sponsors in the sector.

This position is responsible to assist in the underwriting and portfolio management of ADG financing transactions. Responsible for analysis, reporting, and purchase or liquidation of assets within the portfolio. Monitors regulatory requirements and market trends, and modifies strategies as needed. Performs all activities to maximize value while minimizing risk, developing reports, dashboards, and other methods of evaluation to communicate status with the appropriate stakeholders.


Responsibilities & Qualifications

Duties & Responsibilities:
Underwriting - Underwrites ADG accounts according to applicable regulations, procedures, and guidelines. Reviews financial statements, communicates with clients or prospects, and performs analysis to recommend credit grades and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome.
Portfolio Management - Monitors assigned portfolio for completeness of documentation, accuracy of credit grading, and potential exposures. Processes line renewals and new requests as per loan approval servicing requirements. Performs other tasks related portfolio servicing and management.
Analysis - Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collateral to form a general business overview of the borrower. Utilizes results of analysis to underwrite loans.
Risk Management - Identifies risks through reviews, analysis, and research of new and existing loans. Communicates identified risks, review schedule, and potential changes in the energy portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management.
Position Specific Skills:
Completion of a formal credit training program

Qualifications:

Bachelor's Degree and 2 years of experience in Credit Analysis, Underwriting or Risk Management OR High School Diploma or GED and 6 years of experience in Credit Analysis, Underwriting or Risk Management

Preferred: 

 

  • Bachelors Business, Finance, Economics, Accounting
  • Completion of a formal credit training program

Additional Information

If hired in New York, the base pay for this position is generally between $105,000.00 and $120,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Qualifications:

If hired in New York, the base pay for this position is generally between $105,000.00 and $120,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Education:UNAVAILABLEEmployment Type: FULL_TIME

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