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Underwriter Development Program Jobs in Raleigh, NC

Iatinsurancegroup

Underwriting Manager

Raleigh, NC · Hybrid

$72.56K - $157.95K/yr

Manages the work activities, performance, and professional development of the underwriting ... programs; travel is required. * Makes recommendations on underwriting policy and pricing strategy ...

Builders Mutual

Director of Underwriting

Raleigh, NC · On-site

Guide adoption of innovative solutions developed by the Technical Underwriting Office (TUO) to ... Earn swag and extra time off through peer recognition Builders Bucks program LIFE at Builders ...

HomeTrust Bank

SBA Business Development Officer

Raleigh, NC

$81.20K - $111.80K/yr

Job Summary The SBA Business Development Officer will be responsible for sourcing a government ... program. * Collects required financial and other documentation required to process, underwrite, and ...

Diedre Moire Corp.

Vice President Surety

Durham, NC · On-site +1

$300K/yr

... Program Manager Product Manager Underwriter Underwriting Manager Team Leader Commercial Contract ... developed with marketing and business development teams. • Develop annual department budgets and ...

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Underwriter Development Program information

See Raleigh, NC salary details

$31.6K

$76.7K

$135.6K

How much do underwriter development program jobs pay per year?

As of Jun 1, 2026, the average yearly pay for underwriter development program in Raleigh, NC is $76,676.00, according to ZipRecruiter salary data. Most workers in this role earn between $59,300.00 and $84,600.00 per year, depending on experience, location, and employer.

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 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 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 Raleigh, NC? For Underwriter Development Program jobs in Raleigh, NC, the most frequently searched job titles are:
What job categories do people searching Underwriter Development Program jobs in Raleigh, NC look for? The top searched job categories for Underwriter Development Program jobs in Raleigh, NC are:
Underwriter Development Program jobs near you
AVP, Underwriter IV - Capital Equipment Finance (Hybrid)

AVP, Underwriter IV - Capital Equipment Finance (Hybrid)

First Citizens Bank

Raleigh, NC • Hybrid

$110K - $140K/yr

Full-time

Posted 13 days ago

First Citizens Bank rating

7.6

Company rating: 7.6 out of 10

Based on 102 frontline employees who took The Breakroom Quiz

80th of 141 rated banks

Job description

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office based in NY, NJ, MA, IL, TX, CA, FL, GA, NC, VA.

The AVP, Underwriter IV - CEF supports the Capital Equipment Finance (CEF) team by underwriting at an advanced level of complexity for CEF portfolios. Provides guidance to structuring, servicing, and analysis for both new and renewal credits. Identifies, gathers, and reviews financial information to determine borrower risk ratings and appropriate loan structuring. Assesses and communicates risks to assist department risk mitigation strategies. Provides service and support for both associates and clients, participating in client calls, and may assist in identifying cross-sales opportunities. May assist special projects as needed to facilitate CEF lending activities and service capabilities and may provide direction to less experienced underwriters in the work group.


Responsibilities
  • Underwriting - Underwrites CEF accounts according to applicable regulations, procedures, and guidelines. Reviews financial statements, communicates with clients or prospects, and performs analysis to recommend borrower risk ratings and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome. May provide guidance to less experienced underwriters through knowledge of underwriting procedures and information needs.
  • Analysis - Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collateral to form a general business overview of the borrower. Utilizes results of analysis to underwrite CEF loans.
  • Risk Management - Identifies risks through reviews, analysis, and research of new and existing CEF loans. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the CEF portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management.
  • Business Support - May assist in Identifying cross-sales opportunities for new and existing relationships based on analysis activities. Identifies servicing information and prepares credit analysis documentation. Partners with associates and clients to determine needs and structuring of new requests, renewals, and modifications, participating in client and prospect calls as needed. May assist management with peer development and training.

Qualifications

Required:

Bachelor's Degree and 4 years of experience in Underwriting, Loan Analysis, Business Support OR High School Diploma or GED and 8 years of experience in Underwriting, Loan Analysis, Business Support

Preferred:

  • Bachelors, Master's degree in Business, Finance, Economics
  • Finance, Banking
  • Equipment Finance, Asset Based Lending, large ticket
  • Cash flow analysis
  • Credit Lense
  • Completion of a formal credit training program 

If hired in NY, NJ, MA, IL, TX, CA, FL, GA, NC, VA the base pay for this position is generally between $110,000.00 and $140,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

#LI-NK1

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Qualifications:

Required:

Bachelor's Degree and 4 years of experience in Underwriting, Loan Analysis, Business Support OR High School Diploma or GED and 8 years of experience in Underwriting, Loan Analysis, Business Support

Preferred:

  • Bachelors, Master's degree in Business, Finance, Economics
  • Finance, Banking
  • Equipment Finance, Asset Based Lending, large ticket
  • Cash flow analysis
  • Credit Lense
  • Completion of a formal credit training program 

If hired in NY, NJ, MA, IL, TX, CA, FL, GA, NC, VA the base pay for this position is generally between $110,000.00 and $140,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

#LI-NK1

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Education:UNAVAILABLEEmployment Type: FULL_TIME

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