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Senior Underwriting Analyst Jobs (NOW HIRING)

Work with underwriters, senior underwriters and originators to analyze deals and determine whether they appear financially feasible under HUD rules prior to formal client application submission.

Senior Underwriting Assistant The Senior Underwriting Assistant provides dedicated support to the ... Analyses risk in (re)insurance proposals, calculates premiums, and recommends new/renewal rates and ...

Senior Underwriting Assistant The Senior Underwriting Assistant provides dedicated support to the ... Analyses risk in (re)insurance proposals, calculates premiums, and recommends new/renewal rates and ...

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Senior Underwriting Analyst information

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$43K

$61.3K

$71.5K

How much do senior underwriting analyst jobs pay per year?

As of Aug 16, 2026, the average yearly pay for senior underwriting analyst in the United States is $61,333.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,500.00 and $69,500.00 per year, depending on experience, location, and employer.

Is underwriting a high stress job?

Senior Underwriting Analysts often work in environments with tight deadlines and high accuracy requirements, which can contribute to stress. The job involves evaluating risks and making critical decisions, but stress levels vary depending on workload, company culture, and individual coping skills.

What are the key skills and qualifications needed to thrive as a senior underwriting analyst?

To thrive as a Senior Underwriting Analyst, you need strong analytical abilities, deep knowledge of risk assessment, and a bachelor's degree in finance, business, or a related field, often with experience in underwriting. Familiarity with underwriting software, data analysis tools like Excel or SAS, and relevant certifications such as CPCU or ARM is highly valued. Attention to detail, critical thinking, and effective communication are crucial soft skills for collaborating with teams and explaining complex decisions. These skills ensure accurate risk evaluations, compliance with industry standards, and contribute to sound financial decisions within the organization.

How does a senior underwriting analyst typically collaborate with other departments to assess complex risks?

Senior Underwriting Analysts frequently work closely with risk assessment teams, actuaries, and sales representatives to evaluate complex insurance applications. They often participate in cross-functional meetings to review risk data, discuss policy terms, and ensure alignment with regulatory and company standards. This collaboration helps ensure that underwriting decisions are well-informed and balanced, drawing on expertise from multiple perspectives to manage risk effectively. Building strong relationships with colleagues in claims, legal, and compliance is also key to anticipating and addressing potential challenges.

What does a senior underwriting analyst do?

A Senior Underwriting Analyst is responsible for evaluating and assessing the risks associated with insurance applications, loans, or other financial products. They analyze detailed information such as financial statements, credit reports, and risk factors to determine whether to approve or decline applications and at what terms. In addition to reviewing complex cases, they often mentor junior analysts and help develop underwriting policies and procedures. Their expertise helps organizations manage risk while ensuring compliance with relevant regulations.

What is the difference between Senior Underwriting Analyst vs Underwriting Associate?

AspectSenior Underwriting AnalystUnderwriting Associate
Required CredentialsBachelor's degree, industry certifications (e.g., CPCU), experience in underwritingBachelor's degree, entry-level certifications often preferred
Work EnvironmentCollaborative team, analytical tasks, risk assessmentSupport role, data entry, basic underwriting tasks
Employer & Industry UsageInsurance companies, reinsurance firms, financial servicesInsurance companies, brokers, agencies

The Senior Underwriting Analyst typically has more experience, advanced certifications, and handles complex risk assessments. In contrast, the Underwriting Associate focuses on supporting underwriting processes with less responsibility. Both roles are essential in the insurance industry, but the senior analyst position involves greater decision-making and expertise.

More about Senior Underwriting Analyst jobs

What cities are hiring for Senior Underwriting Analyst jobs?

Cities with the most Senior Underwriting Analyst job openings:

What are the most commonly searched types of Underwriting Analyst jobs?

The most popular types of Underwriting Analyst jobs are:

What states have the most Senior Underwriting Analyst jobs?

States with the most job openings for Senior Underwriting Analyst jobs include:

Infographic showing various Senior Underwriting Analyst job openings in the United States as of August 2026, with employment types broken down into 1% Internship, 86% Full Time, 6% Part Time, and 7% Contract. Highlights an 81% Physical, 9% Hybrid, and 10% Remote job distribution, with an average salary of $61,333 per year, or $29.5 per hour.

Underwriting Analyst - FHA

Keybank

Cleveland, OH

$69K - $105K/yr

Full-time

Re-posted 4 days ago


KeyBank rating

8.2

Company rating: 8.2 out of 10

Based on 99 frontline employees who took The Breakroom Quiz

51st of 171 rated banks


Job description

Location:

127 Public Square, Cleveland Ohio

The Analyst will be a member of the FHA Healthcare Underwriting Team and will collaborate internally and externally to analyze and underwrite FHA Lean Applications.

ESSENTIAL JOB FUNCTIONS

The Analyst will provide high level qualitative and quantitative analysis of FHA Healthcare transactions. The position will collaborate and support the LEAN Underwriters, closers, and originators for the FHA Healthcare group within CMG. The Analyst will prepare deliverables in Excel, Word and Power Point for various purposes, including financial analysis, narrative summaries, corporate reviews, and organizational charts. The Financial Analyst will

  • Actively contribute your unique talents, ideas and market intelligence in support of the team's strategy and complement the strengths of your teammates to achieve the team's financial goal.
  • Pursue and develop internal and external relationships to facilitate effective real estate transactions and support the line of business strategy.
  • Consistently follow established process and procedures for underwriting real estate transactions to ensure an efficient, diligent and methodical process.
  • Work with underwriters, senior underwriters and originators to analyze deals and determine whether they appear financially feasible under HUD rules prior to formal client application submission.
  • Collect and organize exhibits for pre-application and firm application packages to submit for HUD/FHA review. Complete HUD forms for pre-application and application submissions.
  • Be the driver of transactions you analyze and process to ensure they are completed in a timely manner. Consistently identify and assess transaction risks and appropriately document in accordance with credit approval and elevate any issues which appear to be deviating from such to assist in properly managing portfolio risks.
  • Maintain a productive relationship with all partners characterized by collaborative approach and full and timely disclosure of transaction risks ensuring open communication among all team members.
  • Complete all compliance requirements related to each transaction to minimize risk.

MARGINAL OR PERIPHERAL FUNCTIONS

The Analyst will provide industry, market, business, and quantitative analysis support. This will include performing ad-hoc strategic and financial reporting. The Analyst is expected to have a continuous improvement mindset and would be empowered to recommend efficiencies for change. The Analyst will work on special projects as assigned.

Please note: This is an on-site position and not eligible for remote or virtual work. The candidate will be required to work from a KeyBank office in Cleveland, OH, Columbus, OH, or Dallas, TX.

REQUIRED QUALIFICATIONS

  • Bachelor's degree required in finance, accounting, business administration, economics, or Real Estate.
  • 2+ years of experience in finance, accounting, real estate, investment banking or consultingincludingReal Estate Finance.
  • Demonstrated high proficiency in Excel and PowerPoint; experience with complex spreadsheets.
  • Strong quantitative and analytical skills and the ability to interpret financial data from multiple computer systems.
  • Ability to synthesize and analyze large amounts of data and communicate relevant findings.
  • Demonstrated analytical approach to problem solving with a high attention to detail.
  • Ability to work in a fast-paced environment with a sense of urgency.
  • Proactive and goal-oriented, with the ability to work independently.
  • Strong organizational skills - ability to handle multiple tasks simultaneously.
  • Consultative, service-oriented mindset.
  • Outstanding oral communication, written, and presentation skills.

PREFERRED QUALIFICATIONS

  • MBA
  • Proficiency in business intelligence tools a plus
  • Previous working experience in the commercial real estate permanent lending industry specific experience working with CMBS, Life Insurance lending programs, Fannie Mae DUS, Freddie Mac Program, FHA a plus.

EQUIPMENT USED

Standard office equipment (PC, copier, scanner, financial calculator)

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $69,000.00 - $105,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 08/31/2026 KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.

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About KeyBank

Sourced by ZipRecruiter

Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849