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Underwriter Development Program Jobs in Lowell, MA

Chubb

Senior Underwriter, Global Casualty

Boston, MA · On-site

$125K - $170K/yr

We achieve this through building robust relationships, crafting customized risk management programs ... Proven sales and marketing skills with a track record of successful business development.

AIG

Senior Underwriter, Specialty Lines

Boston, MA · On-site

$85K - $104K/yr

That is why we created our Total Rewards Program, a comprehensive benefits package that extends ... We invest in our largest asset, our people, through continuous learning and development, in a ...

Aoins

Commercial Lines Underwriter 1

Bedford, NH

A bachelor's degree is preferred, Company approved continuing education programs, including ... The ability to motivate and train others including the development of training materials as needed

AIG

Senior Underwriter, North America Fronting

Boston, MA · On-site

$107K - $126K/yr

That is why we created our Total Rewards Program, a comprehensive benefits package that extends ... We invest in our largest asset, our people, through continuous learning and development, in a ...

Converys

Programs Underwriting Director

Boston, MA · On-site

Operating within our carrier's Delegated Underwriting Program team, this role operates as the ... Product Development: In partnership with MGAs, lead research, design, and implementation of new ...

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All JobsUnderwriter Development Program JobsUnderwriter Development Program Jobs in Lowell, MA

Underwriter Development Program information

See Lowell, MA salary details

$32.2K

$78.2K

$138.4K

How much do underwriter development program jobs pay per year?

As of Sep 14, 2026, the average yearly pay for underwriter development program in Lowell, MA is $78,229.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,500.00 and $86,300.00 per year, depending on experience, location, and employer.

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 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 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.

How hard is it to get an underwriter development program job?

Securing an underwriter development program position typically requires a relevant bachelor's degree, strong analytical skills, and sometimes prior internship experience. Competition can be moderate to high, and candidates often need to demonstrate proficiency in risk assessment, attention to detail, and familiarity with underwriting tools or software.

What cities near Lowell, MA are hiring for Underwriter Development Program jobs?

Cities near Lowell, MA with the most Underwriter Development Program job openings:

Underwriter Development Program jobs near you
Infographic showing various Underwriter Development Program job openings in Lowell, MA as of August 2026, with employment types broken down into 1% As Needed, 77% Full Time, 17% Part Time, 1% Temporary, and 4% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $78,229 per year, or $37.6 per hour.

Territory Underwriter - Commercial Surety (Boston, MA)

Boston, MA • On-site, Remote

Merchants Bonding Company
Insurance Services • 201 - 500 employees
Learn more about Merchants Bonding Companyexternal

$90K - $125K/yr

Other

Medical, PTO

Re-posted 15 days ago

Job description

Job Purpose:
A Territory Underwriter - Commercial evaluates and underwrites Commercial surety bonds submitted to the Company within established parameters and guidelines, contributes to a profitable surety operation and to the marketing of other lines of business.
Job Responsibilities:
Underwriting Analysis & Documentation:
  • Determines the acceptability of surety risks, based on the Merchant's guidelines and marketing strategy. Operates within the authority established by the Senior Vice President - Commercial Underwriting.
  • Reviews new submissions and analyzes financial statements, applications, court documents, bond forms, statutes, and indemnity agreements to determine the commercial surety risk and then approves or denies the bond based on the risk analysis up to the authority granted. Accurately evaluates for future loss potential. Obtains information in order to analyze and properly evaluate the risk.
  • Reviews underwriting files at renewal for the purpose of analyzing risk and determining whether to renew or deny the bond(s).
  • Documents commercial underwriting files and principal files with notes and supporting documentation to detail the underwriting decision.

Marketing & Relationship Building:
  • Maintains positive relationships with existing agencies, including regular on-site visits. Continues to build premium and business opportunities. Solicits feedback regarding our service levels and performance.
  • Maintains current account and relationship information. Follows up on leads for commercial bonding opportunities for the purpose of generating written premium.
  • Develops new business opportunities by prospecting for new agency relationships. Effectively utilizes marketing materials in presentations, proposals, and other marketing efforts

Forms and Underwriting Opinions
  • Reviews bond forms and/or statutes in order to form underwriting opinions.
  • Adjusts forms, opinions, rate cards and materials to reflect legislative changes.

Education and Experience:
  • Bachelor's degree or equivalent work experience in business, underwriting, insurance, or a related field, plus 3-5 years of experience in bond underwriting or a similar role in the Surety industry. Coursework in math, statistics, and financial analysis would be helpful.

Benefits at Merchants
At Merchants, we value balancing the needs of our associates and their families. We offer a wide range of benefits designed to help achieve a healthy work-life balance and support personal and professional growth. In addition to competitive pay, bonus programs, and generous paid-time off, here are a few stand-out benefits:
  • Flexible hybrid and remote opportunities with 37.5 hour work week
  • Free health insurance option
  • Paid volunteer time off with matching gift program
  • Infants in the Workplace Program with family resources
  • Discover more at: https://www.merchantsbonding.com/careers#Benefits

About Merchants
For nearly a century, Merchants Bonding Company has focused almost exclusively on surety, delivering common sense underwriting and first-class experiences to agents, accounts, and associates across the country. Merchants stands apart from multi-line carriers by offering deep surety expertise, a flexible approach, and strong financials that instill confidence and foster lasting partnerships.
Our people-first culture is built on collaboration, inclusion, and shared success. We're committed to helping associates grow through real opportunities for advancement, while supporting a sense of belonging.
If you're looking to join a company that values your unique perspective, encourages new ideas, and invests in your development, apply today!

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