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Underwriter Jobs in Alberta (NOW HIRING)

Group Benefits Underwriter

Calgary, AB

CA$60K - CA$75K/yr

  • Medical

  • Dental

  • Life

  • Retirement

The Underwriter reviews group insurance (primarily life, disability, health and dental) policies to evaluate risk and determine acceptance of applications. The core skills of analytics, communication ...

Support the underwriting of a portfolio of commercial business within established program guidelines and authority limits * Evaluate and price risks with guidance, applying consistent underwriting ...

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Underwriter information

See Alberta salary details

$26K

$69.4K

$108.5K

How much do underwriter jobs pay per year?

As of Aug 17, 2026, the average yearly pay for underwriter in Alberta is $69,374.00, according to ZipRecruiter salary data. Most workers in this role earn between $47,500.00 and $88,000.00 per year, depending on experience, location, and employer.

What does an underwriter do?

An underwriter evaluates the risk of insuring a person, property, or company and decides whether to provide insurance or a loan, and at what terms. They analyze applications, review financial and background information, and use statistical data to determine the likelihood of a loss. Underwriters play a key role in banking, insurance, and mortgage industries, ensuring that risks are carefully assessed to protect their organization from potential losses.

What are the key skills and qualifications needed to thrive as an underwriter, and why are they important?

To thrive as an Underwriter, you need strong analytical skills, attention to detail, and a background in finance, business, or a related field, often supported by a bachelor's degree. Proficiency with underwriting software, risk assessment tools, and industry certifications such as CPCU or ARM is highly valued. Excellent decision-making, negotiation, and communication skills help underwriters effectively assess risk and interact with clients or agents. These skills are essential for accurately evaluating applications, minimizing financial risk, and supporting organizational profitability.

What are some common challenges faced by underwriters in balancing risk assessment and business goals?

Underwriters often face the challenge of thoroughly assessing risk while also supporting their company's business objectives, such as meeting production goals or maintaining client relationships. This requires a careful analysis of data, attention to detail, and effective communication with agents or brokers to clarify information and negotiate terms. Balancing these priorities can be demanding, but successful underwriters develop strong analytical skills and the ability to make judicious decisions under time constraints. Collaboration with other departments, such as claims and sales, is also key to ensuring both risk management and business targets are achieved.

What is the difference between Underwriter vs Actuary?

AspectUnderwriterActuary
Required CredentialsInsurance license, sometimes certifications like CPCUFellowship in SOA or CAS, actuarial exams
Work EnvironmentInsurance companies, underwriting departmentsConsulting firms, insurance companies, financial institutions
Industry UsageCommon in insurance, bankingPrimarily in insurance, pensions, finance
Job FocusAssessing risk for policy approvalAnalyzing statistical data to predict future risks

While both underwriters and actuaries work in the insurance industry assessing risk, underwriters focus on evaluating individual insurance applications and approving policies. Actuaries analyze large data sets to forecast future risks and set premium rates. Their roles complement each other but require different certifications and skill sets.

Do underwriters make a lot of money?

Underwriters typically earn a median annual salary that varies by industry and experience, with many earning between $60,000 and $100,000. Senior or specialized underwriters can earn higher salaries, especially with professional certifications and experience in fields like insurance or banking.

Do you need a degree to be an underwriter?

A degree is not always required to become an underwriter, but many employers prefer candidates with a bachelor's degree in fields like finance, business, or economics. Relevant skills such as analytical ability, attention to detail, and knowledge of insurance or lending practices are also important, and professional certifications can enhance job prospects.

Is it hard to get into underwriting?

Getting into underwriting can be competitive, as it often requires relevant education such as a degree in finance, economics, or related fields, along with strong analytical skills. Entry-level positions may be accessible with internships or certifications like the Chartered Property Casualty Underwriter (CPCU), but advancing in the field typically requires experience and industry knowledge.

What are the most commonly searched types of Underwriter jobs in Alberta?

The most popular types of Underwriter jobs in Alberta are:

What are popular job titles related to Underwriter jobs in Alberta?

For Underwriter jobs in Alberta, the most frequently searched job titles are:

What job categories do people searching Underwriter jobs in Alberta look for?

The top searched job categories for Underwriter jobs in Alberta are:

What cities in Alberta are hiring for Underwriter jobs?

Cities in Alberta with the most Underwriter job openings:

What are popular job titles related to Underwriter jobs in AB?

For Underwriter jobs in AB, the most frequently searched job titles are:

Infographic showing various Underwriter job openings in Alberta as of August 2026, with employment types broken down into 91% Full Time, 7% Part Time, and 2% Contract. Highlights an 67% Physical, 13% Hybrid, and 20% Remote job distribution, with an average salary of $69,374 per year, or $33.4 per hour.

Full-time

Retirement

Posted 21 days ago


Job description

Summary

Revau is in full expansion and experiencing sustained organic growth, reaffirming our commitment to revolutionizing the commercial insurance industry. We believe there is a more efficient way to access business insurance by eliminating inefficiencies, valuing expertise, and enabling brokers to grow their business.

If you are passionate about underwriting and want to actively contribute to the transformation of the commercial insurance sector within a fast-growing company, we are looking for an Underwriter to join our team.

Reporting to the Team Leader, the Underwriter's main duties include risk analysis of files submitted by brokers and is responsible for underwriting requests while ensuring that the quality of risks underwritten is adequate to achieve the maximum profitability sought. They determine the terms and pricing of risks and, where necessary, call on the expertise of Team Specialists and/or product managers (PLM). They must comply with established internal standards and procedures and, where necessary, obtain the authorization of the Team Leader and/or partner insurers following a referral. In the event of a risk refusal, they must be able to justify the reasons for the refusal with succinct arguments.

Main responsibilities

New Business and Renewals

  • Liaise between brokers and insurers to negotiate and determine insurance terms and conditions.
  • Develop, underwrite and service new business in accordance with the guidelines of the various programs and contracts or as a wholesaler
  • Collaborate with colleagues on current and future opportunities
  • Understand all wordings/products and underwriting guidelines
  • Understand all contracts/binders and operate within them, referring as required
  • Review and act upon inspections and recommendations
  • Work with underwriters on contracts and underwriting standards
  • assistance to the team in charge of renewals, according to the needs

Development

  • Initiate and maintain a privileged relationship with brokers by offering them top-quality service
  • Represent the company at industry events, as required
  • Develop business relationships with existing and new brokers through marketing visits

Endorsements

  • Analyze requests for amendments by endorsement, rate them if necessary, based on the content of the request, and provide instructions to underwriting assistants.
  • Review and approve policy cancellations submitted by underwriting assistants.

Profile

  • Have min 3-5 years of commercial insurance experience
  • Significant portion of the Portfolio is in the Realty segment, driven by Property underwriting
  • AEC, DEC or insurance broker's license, an asset
  • CRM, CIP, FCIP, an asset
  • Adaptability and flexibility in the face of change
  • Excellent communication skills
  • Excellent negotiation skills
  • Sense of responsibility and priorities

Benefits

  • Access to Group Insurance, Health Spending Account, Employee & Family Assistance Program and Telemedicine
  • Access to a retirement program with employer contributions
  • 7 Personal days
  • Birthday leave
  • Wellness Account
  • Bonus program
  • Training reimbursement program