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Underwriter Development Program Jobs in Illinois

Brookfield

Underwriter I, Environmental

Chicago, IL

$85K - $101K/yr

... program-including health, dental, vision, 401(k) with company match, paid time off, and ... development opportunities. Core Values At Clearbrook our Core Values are Integrity, Collaboration ...

Hyperiongrp

Sr. Underwriter Flood

Chicago, IL · Hybrid

$125K - $150K/yr

Our program operates under underwriting authority agreements with our carrier partners and the ... Business development skills evidencing a successful track record driving profitable growth. Strong ...

Vault

E&O Sr. Underwriter

Chicago, IL · On-site

$125K - $175K/yr

... and programs, acting as an MGA through our own Combination Specialty Underwriters, and/or acting as a reinsurer. We've developed a state-of-the-art technology platform, to quickly and accurately ...

Chubb

Senior Underwriter - Energy

Chicago, IL

$114K - $155K/yr

Demonstrated success in marketing, producer/book management and new business development. * Ability ... This role may also be eligible to participate in a discretionary annual incentive program. Chubb ...

Chubb

Senior Underwriter, Energy

Chicago, IL · On-site

$100K - $165K/yr

Demonstrated success in marketing, producer/book management and new business development. * Ability ... This role may also be eligible to participate in a discretionary annual incentive program. Chubb ...

Chubb

Senior Underwriter, Energy

Chicago, IL · On-site

$100K - $165K/yr

Demonstrated success in marketing, producer/book management and new business development. * Ability ... This role may also be eligible to participate in a discretionary annual incentive program. Chubb ...

Chubb

Senior Underwriter, Construction

Chicago, IL

$100K - $165K/yr

Collaborate with Business Development Managers, field underwriting, and distribution to identify ... This role may also be eligible to participate in a discretionary annual incentive program. Chubb ...

OSP LP

MULTIFAMILY CREDIT UNDERWRITER

Palatine, IL · On-site

Primary Position Objective Under the supervision of the Multifamily Credit Underwriting Manager and ... Credit (LIHTC) program. * Working knowledge of affordable development financing structures ...

OSP LP

MULTIFAMILY CREDIT UNDERWRITER

Palatine, IL · On-site

Primary Position Objective Under the supervision of the Multifamily Credit Underwriting Manager and ... Credit (LIHTC) program. * Working knowledge of affordable development financing structures ...

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Underwriter Development Program information

What can I expect from the training and mentorship provided in an Underwriter Development Program?

Participants in an Underwriter Development Program typically receive a blend of classroom instruction, on-the-job training, and mentorship from experienced underwriters. You can expect to rotate through various lines of business, work on real case studies, and gradually take on more responsibility as you build your technical and analytical skills. Mentors and managers provide regular feedback and support, helping you to understand underwriting guidelines, risk assessment, and client interaction. This structured training approach prepares you for a successful underwriting career and often leads to advancement opportunities within the company.

What is an Underwriter Development Program?

An Underwriter Development Program is a structured training initiative offered by insurance companies or financial institutions to prepare individuals for careers as underwriters. Participants typically receive a mix of classroom instruction, on-the-job training, and mentorship to learn about risk assessment, policy evaluation, and decision-making processes. The goal of the program is to equip trainees with the knowledge and skills needed to evaluate insurance applications, determine coverage terms, and assess potential risks. These programs often lead to full-time underwriting positions upon successful completion.

What are the key skills and qualifications needed to thrive in an Underwriter Development Program, and why are they important?

To thrive in an Underwriter Development Program, you need strong analytical abilities, attention to detail, and a bachelor's degree in finance, business, or a related field. Proficiency with risk assessment software, Microsoft Excel, and familiarity with industry regulations or progress toward certifications like CPCU are often valued. Effective communication, critical thinking, and strong organizational skills help candidates stand out in this role. These skills ensure accurate risk analysis, clear client interactions, and the ability to manage complex portfolios in the insurance industry.

What is the difference between Underwriter Development Program vs Underwriter?

AspectUnderwriter Development ProgramUnderwriter
CredentialsTypically requires a bachelor's degree, sometimes a certification like CPCU or ARMRequires similar credentials, often with additional experience or certifications
Work EnvironmentStructured training environment, often in corporate officesOperational, risk assessment, and decision-making roles in insurance companies
Usage in IndustryEntry-level training program for aspiring underwritersFull-time professional role responsible for evaluating insurance risks

The Underwriter Development Program is designed to train and develop new talent into underwriters, providing structured learning and mentorship. An underwriter, on the other hand, is a fully qualified professional responsible for assessing risks and making underwriting decisions. The program prepares individuals for a career as an underwriter, who then performs the core job functions within the insurance industry.

What are popular job titles related to Underwriter Development Program jobs in Illinois? For Underwriter Development Program jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Underwriter Development Program jobs in Illinois look for? The top searched job categories for Underwriter Development Program jobs in Illinois are:
What cities in Illinois are hiring for Underwriter Development Program jobs? Cities in Illinois with the most Underwriter Development Program job openings:
Underwriter Development Program jobs near you
Infographic showing various Underwriter Development Program job openings in Illinois as of July 2026, with employment types broken down into 1% As Needed, 86% Full Time, 11% Part Time, and 2% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution.
Executive Underwriter - Natural Resources

Executive Underwriter - Natural Resources

Allianz

Chicago, IL • On-site

$153K - $276K/yr

Full-time

Posted 28 days ago

Allianz rating

9.3

Company rating: 9.3 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

13th of 281 rated insurance

Job description

Executive Underwriter - Natural Resources
We are looking for an Executive Underwriter for our Natural Resources line of business. This role will be hybrid based in San Francisco or one of our Allianz Commercial offices: New York, Houston, Chicago, or Alpharetta.
Your Team
You'll be part of a dedicated insurance team serving the natural resources sector. Allianz Commercial provides flexible and tailored solutions to the most demanding insurance challenges, including the following segments part of the Americas Natural Resources Line of Business scope:
  • Renewables (Solar PV, Wind and BESS, both builders risk as well as Operational PD/BI);
  • Conventional power generation and distribution and other renewables (Operational PD/BI, except Nuclear hot zone and stand-alone coal fired power plants); and
  • Mining (Operational PD/BI, excluding coal).

The Impact You Will Have
Reporting to the Hub Lead Natural Resources Americas, you will join the team as a Natural Resources Executive Underwriter. You'll bring your established relationships with brokers and insureds to successfully underwrite profitable new and renewal business fitting within the unit risk appetite.
Some of your specific responsibilities could include:
  • Underwriting new and renewal business including negotiating price, terms and conditions with our broker partners while proactively managing capacity, risk appetite and profitability.
  • Driving marketing initiatives and building strong, collaborative relationships with our brokers by providing excellent customer service, technical knowledge and support.
  • Developing creative solutions to our client's problems by collaborating with our Risk Consultants, Product Development and Claims.
  • Drive and participate in key projects around the business which impact results.
  • Assist in developing team members and act as referral point for senior underwriters.

What You'll Bring to the Role
  • 7+ years of experience in National Resources underwriting;
  • Ability to build and foster relationships internally across the organization and externally with our broker partners;
  • Outstanding technical skills with ability to analyze complex data/information from multiple sources;
  • Strong Microsoft Office Suite skills, especially with Excel;
  • Ability to express ideas and messages clearly, both written and verbally;
  • Strong thought leadership skills with the ability to persuade and motivate others to act; and
  • Strong solution orientation, with an entrepreneurial spirit.
  • In depth understanding of its products and portfolio. In depth understanding of regional/local LoB insurance markets and competitor landscape. Demonstrable, established relationships with brokers at peer group level and established within local market.
  • Preferably a bachelor's degree in Risk Management, Insurance, Business Administration, Finance or Economics. And completion of a professional insurance qualification.
  • Ability to assess risk inherent exposures and natural hazards relevant to LoB. Manage the underwriting books. Analyze trends and scenario plans from which portfolio strategies can be developed and implemented. Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance.
  • Apply knowledge of how the market operates and functions, the business and customer needs.
  • Ability to analyze highly complex data from multiple sources, in detail; identify and resolve issues before they transpire
  • Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story. Ability to persuade and motivate others to act, without executive authority.
  • Use of general office application tools (i.e. PowerPoint, Excel, Word).
  • The ability to utilize AI tools to support day-today tasks, improve efficiency, and contribute to data-driven decision-making is valuable. A willingness to learn and explore how AI can enhance your role and the broader organization is expected.

Applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.
The annualized base pay range for this role is $153,246 to $276,845. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several factors, including the scope, complexity and location of the role, the skills, education, training, credentials, and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.
We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let's care for tomorrow.

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