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Senior Underwriter Jobs in Springfield, MA (NOW HIRING)

The Hartford

Captives Underwriter

Hartford, CT · Hybrid

$124K - $199K/yr

Senior Executive Underwriter - UW07CCExecutive Underwriter - UW07CD We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies.

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All JobsUnderwriter JobsSenior Underwriter JobsSenior Underwriter Jobs in Springfield, MA

Senior Underwriter information

See Springfield, MA salary details

$36K

$103.8K

$129.9K

How much do senior underwriter jobs pay per year?

As of Aug 20, 2026, the average yearly pay for senior underwriter in Springfield, MA is $103,753.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,900.00 and $113,400.00 per year, depending on experience, location, and employer.

What does a senior underwriter do?

A Senior Underwriter is responsible for assessing and evaluating the risks involved in insuring individuals or assets and determining appropriate terms and premiums for insurance policies. They analyze complex applications, review financial statements, and use industry guidelines to make informed decisions. Senior Underwriters often handle higher-value or more complicated cases than junior staff, and they may also mentor less experienced underwriters and help develop underwriting policies. Their expertise helps insurance companies manage risk and maintain profitability.

What does a senior underwriter do?

As a senior underwriter, your responsibilities are to oversee the insurance or loan application process at an insurance company or financial institution. Your duties include deciding when to offer a policy, assessing the risk of a potential customer, and ensuring the company has adequate funds to finance each claim an account makes (whether that is paying out insurance claims or extending a line of credit). Senior underwriters often consider whether it is appropriate to offer a loan, coordinate with a bank on complex customer issues, proactively search for ways to reduce the risk of future claims, and participate in strategy meetings with staff. A significant amount of underwriting is automated, so you typically focus on cases that are too complex to be evaluated by existing algorithms.

What are some common challenges senior underwriters face when assessing complex risk profiles?

Senior Underwriters often encounter challenges when evaluating complex risk profiles, such as insufficient or ambiguous client data, rapidly changing market conditions, and evolving regulatory requirements. Balancing the need to be competitive with maintaining sound risk management practices requires in-depth analysis and strong judgment. Collaboration with actuaries, legal teams, and client managers is frequently necessary to make well-informed decisions, and effective communication skills are key to explaining underwriting decisions to stakeholders.

What is the difference between Senior Underwriter vs Underwriter?

AspectSenior UnderwriterUnderwriter
CredentialsTypically requires 5+ years of experience, relevant certifications (e.g., CPCU, ARM)Entry to mid-level experience, often with similar certifications or on-the-job training
Work EnvironmentSenior-level decision-making, mentorship, complex risk assessmentPerforming standard risk evaluations, supporting senior staff
Industry UsageUsed across insurance sectors like property, casualty, healthCommonly used in same sectors, often as entry or mid-level roles

Senior Underwriters typically have more experience, handle complex cases, and mentor junior staff, whereas Underwriters focus on standard risk assessments and supporting senior team members. Both roles are essential in the insurance industry, with the senior position requiring advanced credentials and experience.

More about Senior Underwriter jobs

What are the most commonly searched types of Underwriter jobs in Springfield, MA?

The most popular types of Underwriter jobs in Springfield, MA are:

What are popular job titles related to Senior Underwriter jobs in Springfield, MA?

For Senior Underwriter jobs in Springfield, MA, the most frequently searched job titles are:

What job categories do people searching Senior Underwriter jobs in Springfield, MA look for?

The top searched job categories for Senior Underwriter jobs in Springfield, MA are:

What cities near Springfield, MA are hiring for Senior Underwriter jobs?

Cities near Springfield, MA with the most Senior Underwriter job openings:

Senior Underwriter jobs near you
Infographic showing various Senior Underwriter job openings in Springfield, MA as of August 2026, with employment types broken down into 96% Full Time, 2% Part Time, and 2% Contract. Highlights an 72% Physical, 11% Hybrid, and 17% Remote job distribution, with an average salary of $103,753 per year, or $49.9 per hour.

Senior Mortgage Loan Underwriter

Monson Savings Bank

Wilbraham, MA

$70K - $83K/yr

Full-time

Medical, Dental, Retirement, PTO

Posted 3 days ago

New

Job description

Are you an experienced mortgage underwriter who enjoys making sound lending decisions while delivering an exceptional customer experience? Do you thrive in a collaborative community banking environment where your knowledge, judgment, and ideas are valued?

Monson Savings Bank is seeking a Senior Mortgage Loan Underwriter to join our Residential Lending team. This is an exciting opportunity for a skilled, experienced underwriting professional to play a key role in our mortgage lending process and contribute to the success of a respected community bank.

Position Overview

The SR. Mortgage Loan Underwriter underwrites mortgage and consumer applications received by the Bank. Reviews and evaluates application information and makes approval/denial recommendations or decisions; approving loans within established lending limits and based on Bank and secondary market guidelines. May provide training and guidance to Jr. Mortgage Loan Underwriter.

Key Responsibilities

  • Underwrite residential mortgage and consumer loan applications in accordance with Bank, FNMA, MassHousing, and regulatory guidelines
  • Make sound approval and denial decisions within established lending authority
  • Review appraisals, title work, mortgage insurance, and supporting documentation for accuracy and compliance
  • Support loan originators and processors by providing guidance that helps create a smooth borrower experience
  • Manage secondary market processing, including commitments, loan delivery, pricing, and remittances
  • Assist with staff training and serve as a resource and mentor for junior underwriter
  • Participate in audits, quality control reviews, and regulatory examinations
  • Help improve underwriting procedures and contribute innovative ideas that drive efficiency and excellence

Qualifications

Associate’s degree in business or related field and minimum three years mortgage loan underwriting experience with conventional guidelines, Non-QM, Construction and Mass Housing loans; or equivalent combination of education and experience. FHA Direct Endorsement (DE) credential preferred but not required.

  • Customer service-oriented professional with strong knowledge of mortgage underwriting guidelines and lending regulations
  • Strong organizational skills with high level of accuracy and attention to detail
  • Ability to prioritize and manage time and multiple responsibilities while meeting established deadlines
  • Strong analytical and decision-making skills
  • Excellent verbal and written communication skills with demonstrated report writing skills
  • Interacts with others in an effective and professional manner, with a team approach to work responsibilities

Salary Range: $70,000 - $83,000

Join our growing and dynamic team! We are a successful community bank dedicated to our customers, associates and communities!

Benefits include paid time off, 401(k) with company match, suite of insurance benefits including medical, dental and more! This is a great opportunity to join a successful, local bank that has a rich history of investing in employees and local communities for more than 150 years!

Monson Savings Bank is an Equal Opportunity Employer to all protected groups, including protected veterans and individuals with disabilities.

Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential position functions.

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