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Underwriter Development Program Jobs in Detroit, MI

DFCU Financial

Credit Analyst

Dearborn, MI · On-site

This role is responsible for analyzing creditworthiness, underwriting loan applications, conducting ... Leadership development program * Paid time off * Paid holidays (13 per year) * Flexible scheduling ...

Novoco

LIHTC Development Consultant

Detroit, MI · On-site +1

$99K - $134K/yr

Evaluate underwriting assumptions, risks, and structuring alternatives. * Support client pipeline ... Knowledge of LIHTC program, including 9% and 4% transactions, QAPs, and state housing agency ...

EXPERT MORTGAGE LENDING LLC

Loan Officer

Troy, MI · On-site

$100K - $1M/yr

Training & development Job Summary: Loan Officer We are looking for driven and customer-oriented ... Work with processing and underwriting teams to ensure smooth loan approval. * Stay current on ...

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All JobsUnderwriter Development Program JobsUnderwriter Development Program Jobs in Detroit, MI

Underwriter Development Program information

See Detroit, MI salary details

$32.2K

$78.1K

$138.1K

How much do underwriter development program jobs pay per year?

As of Jul 16, 2026, the average yearly pay for underwriter development program in Detroit, MI is $78,087.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,400.00 and $86,100.00 per year, depending on experience, location, and employer.

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 Detroit, MI? For Underwriter Development Program jobs in Detroit, MI, the most frequently searched job titles are:
What job categories do people searching Underwriter Development Program jobs in Detroit, MI look for? The top searched job categories for Underwriter Development Program jobs in Detroit, MI are:
Underwriter Development Program jobs near you
Credit Analyst

Credit Analyst

DFCU Financial

Dearborn, MI • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 8 days ago

Job description

Join the DFCU Financial team today, and discover the benefits, rewards and development opportunities from one of the largest and best managed credit unions in the country.
Do you have experience analyzing financial information, assessing credit risk, and making sound lending recommendations?
As a Credit Analyst, you will evaluate loan requests and financial information to support informed lending decisions while helping maintain portfolio quality and regulatory compliance. This role is responsible for analyzing creditworthiness, underwriting loan applications, conducting periodic credit reviews, and serving as a resource for lending teams on underwriting and compliance-related matters.
Strong financial analysis skills, attention to detail, and prior experience evaluating credit requests and borrower creditworthiness are essential for success in this role.
The Opportunity: We are seeking a Credit Analyst to join our team. Must live in either Florida or Michigan.
What You'll Do:
  • Conduct thorough analysis of financial statements and credit requests, including new applications, renewals, refinancing, and annual reviews of existing credits.
  • Evaluate risk level associated with lending to potential borrowers by analyzing their financial history, payment habits, and overall creditworthiness.
  • Provide recommendations based on analysis, highlighting the borrower's ability to repay and any potential risks.
  • Prepare detailed credit reports and present findings to management.
  • Maintain knowledge and ensure all credit transactions comply with federal and state regulations, as well as DFCU policies and procedures.
  • Collaborate with lenders, customers, and other departments to gather necessary information, relay findings and answer inquiries.
  • Meet expected service levels related to recommended loan decision and due diligence requirements.
  • Contribute to the achievement of team goals as it relates to revenue growth, portfolio growth, asset quality and compliance.
  • Maintain loan files in OnBase.
  • Provide exceptional customer service.

What You'll Need:
  • Bachelor's degree in accounting or finance preferred, or equivalent related experience.
  • Two to five years of credit experience in credit analysis or a related field. SBA underwriting experience is a plus.
  • Proficiency in financial analysis software.
  • Ability to understand financial statements, ratios, and credit risk concepts.
  • Demonstrated financial institution product and service knowledge.
  • Ability to manage multiple and changing deadlines with limited supervision.
  • Proficient in Microsoft 365.
  • Demonstrated analytical and problem-solving skills.
  • Able to initiate and embrace change.
  • Excellent interpersonal skills, including written and verbal communication, and ability to work in a team environment.

What We Offer:
  • Potential for a hybrid work schedule
  • 401k plan match, dollar for dollar up to 4%
  • 401k additional employer contribution after one year at 5%
  • Employee bonus program
  • Medical, dental and vision insurance effective date of hire
  • Health savings account (HSA)
  • Flexible spending accounts for medical and dependent care expenses
  • Adoption assistance for qualified expenses maximum $10,000 per child
  • Wellness initiatives and reimbursements
  • Pre-paid legal services plan
  • Identity protection plan
  • Accident supplemental plan
  • Short & long term disability plans paid for by company
  • Company provided basic life insurance of $50,000 plus supplemental for employee, spouse and child
  • Pet Insurance
  • Free financial planning assistance
  • Numerous fun employee events throughout the year
  • Volunteer and community engagement opportunities
  • Employee loan discounts (closed-end loans)
  • Service / anniversary awards
  • Employee discounts for company logo wear
  • Employee referral payouts for recruiting your friends and family
  • Paid lunch time
  • Tuition reimbursement / Education assistance
  • Ongoing training opportunities
  • Leadership development program
  • Paid time off
  • Paid holidays (13 per year)
  • Flexible scheduling for students

Equal Opportunity Employer / Disabled / Veterans

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