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Small Business Underwriter Jobs (NOW HIRING)

Nusenda

Small Business Underwriter

Albuquerque, NM · On-site

As a Small Business Underwriter, you will be responsible for underwriting, decisioning, and structuring conventional and Small Business Administration small business loan requests within defined ...

Chubb

Small Business Underwriter

Charlotte, NC · On-site

The experienced candidate will manage multi-line package underwriting with the lines of business ... Small commercial experience. * Strong people and relationship skills. * Proven business development ...

Chubb

Underwriter, Small Business

Phoenix, AZ · On-site

$60 - $80/hr

Underwriting responsibilities include: evaluating, accepting, rejecting, or modifying Small Business risks within established underwriting guidelines and authority utilizing Chubb's Small Business ...

Chubb Ltd.

Underwriter, Small Business

Phoenix, AZ · On-site

$70 - $100/hr

Underwriting responsibilities include evaluating, accepting, rejecting, or modifying Small Business risks within established underwriting guidelines and authority utilizing Chubb's Small Business ...

Chubb

Underwriter, Small Business

Phoenix, AZ · On-site

Underwriting responsibilities include evaluating, accepting, rejecting, or modifying Small Business risks within established underwriting guidelines and authority utilizing Chubb's Small Business ...

Chubblifefund

Underwriter, Small Business

Phoenix, AZ · On-site

$60 - $80/hr

Underwriting responsibilities include evaluating, accepting, rejecting, or modifying Small Business risks within established underwriting guidelines and authority utilizing Chubb's Small Business ...

Chubb

Underwriter, Small Business

Phoenix, AZ · On-site

Underwriting responsibilities include evaluating, accepting, rejecting, or modifying Small Business risks within established underwriting guidelines and authority utilizing Chubb's Small Business ...

Chubb

Underwriter, Small Business

Phoenix, AZ · On-site

Underwriting responsibilities include evaluating, accepting, rejecting, or modifying Small Business risks within established underwriting guidelines and authority utilizing Chubb's Small Business ...

Encova Insurance

Underwriter, Small Business

Concord, NC · On-site +1

$61K - $110K/yr

The Underwriter, Small Business's objective is to review routine risks, determine acceptability, and successfully write profitable business accounts. The underwriter, within designated authority ...

Encova Insurance

Underwriter, Small Business

Columbus, OH · On-site

$61K - $110K/yr

The Underwriter, Small Business's objective is to review routine risks, determine acceptability, and successfully write profitable business accounts. The underwriter, within designated authority ...

Encova Insurance

Underwriter, Small Business

Columbus, OH · On-site +1

$61K - $110K/yr

The Underwriter, Small Business's objective is to review routine risks, determine acceptability, and successfully write profitable business accounts. The underwriter, within designated authority ...

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Small Business Underwriter information

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$32.5K

$78.9K

$139.5K

How much do small business underwriter jobs pay per year?

As of Sep 6, 2026, the average yearly pay for small business 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 is a small business underwriter?

A Small Business Underwriter evaluates loan applications and insurance policies for small businesses to determine risk and eligibility. They analyze financial statements, credit reports, and industry trends to assess a business's ability to repay loans or qualify for coverage. Their goal is to ensure sound lending and insurance decisions while minimizing financial risk for their company. They also communicate with applicants, agents, and other stakeholders to gather necessary information and explain underwriting decisions.

What are the key skills and qualifications needed to thrive as a small business underwriter?

Success as a Small Business Underwriter requires strong analytical abilities, attention to detail, and a background in finance, business, or economics—often with a relevant bachelor’s degree. Familiarity with underwriting software, credit scoring tools, and industry-specific guidelines or certifications (such as CPCU or ARM) is highly advantageous. Excellent communication, negotiation skills, and sound judgment help underwriters collaborate with clients and internal teams effectively. These competencies are crucial for accurately assessing risk, making informed lending decisions, and supporting the financial health of both the lender and small business clients.

What are some common challenges faced by small business underwriters and how are they addressed?

Small Business Underwriters frequently encounter challenges such as evaluating limited or less-standardized financial information from small business applicants, balancing risk with the need to support growing enterprises, and keeping up with constantly changing industry regulations. To address these challenges, underwriters draw on specialized training, robust analytical frameworks, and close collaboration with colleagues in credit, risk management, and sales. Many employers also provide ongoing education and mentorship to help underwriters stay current and confident in their decisions. This role favors professionals who are proactive problem-solvers and comfortable adapting to new scenarios and evolving market conditions.

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Cities with the most Small Business Underwriter job openings:

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Small Business Underwriter jobs near you
Infographic showing various Small Business Underwriter job openings in the United States as of August 2026, with employment types broken down into 83% Full Time, 14% Part Time, and 3% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Small Business Underwriter

Nusenda Credit Union

Albuquerque, NM • On-site

Full-time

Medical, Retirement

Re-posted 15 days ago

Nusenda Credit Union rating

7.7

Company rating: 7.7 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

Nusenda Credit Union is dedicated to excellent member service, care for our community, and being a great place to work. We strive to make a positive difference in the lives of our members and the communities we serve to help them achieve their financial goals. Diversity, equity, and inclusion are part of our culture and values.  

As an employer of choice, we invest in people and their careers. Our competitive employee benefits include several health and wellness options, competitive 401(k) matching contributions, professional development, and tuition assistance and more! 

Thank you for your interest in joining the Nusenda team! 

We are currently seeking a Small Business Underwriter to join our organization. As a Small Business Underwriter, you will be responsible for underwriting, decisioning, and structuring conventional and Small Business Administration small business loan requests within defined policy limits. You will ensure SBA standard operation procedures, program eligibility and documentation takes place while applying approved underwriting templates and scoring models to recommend terms and mitigations that balance experience and risk. Additionally, you'll drive high quality credit memos and clear approval packages while identifying and documenting policy exceptions with appropriate mitigation. Lastly, you will partner with the AVP, Relationship Managers, and Loan Administration to meet closing timelines.

 What You'll Do:

  • Underwrite conventional and SBA small business requests within established policy limits using approved templates and scoring models.
  • Analyze financial statements and tax returns to develop global cash flow and key ratios, evaluate collateral and guarantor support, and recommend approval, decline, or counter terms consistent with risk appetite of the Credit Union.
  • Apply Small Business policy metrics for System Decisioned, Application Plus, and Judgmental Financial Underwriting.
  • Identify deviations, and document tracked policy exceptions with mitigation and escalate per approval authority matrix while maintaining required tracking.
  • Ensure each loan request is properly structured for purpose, repayment source, collateral, and guarantor support.
  • Confirm SBA program eligibility for 7(a) and 504 when applicable.
  • Coordinate SBA checklists with Relationship Managers through loan origination system (LOS) to ensure documentation requirements are met and identify items that must be satisfied prior to approval or closing.

What You'll Need: 

  • Three to five years of similar or related experience
  • Bachelor’s degree in Business Administration, Finance or related field

Key Skills and Experience: 

  • Knowledge of analyzing tax returns and financial statements to assess cash flow, leverage, liquidity, and debt service coverage.

  • Knowledgeable in SBA 7(a) and 504 eligibility and documentation.

  • Advanced Excel skills with experience in loan origination and Customer Relationship Management (CRM) systems.

  • Must be able to handle multiple responsibilities, meet deadlines, deal with sensitive information and handle problem resolution.

  • Effectively communicate with internal and external customers appropriately via in person, email etc. 

Nusenda Credit Union is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.

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