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Underwriter Jobs in Delaware (NOW HIRING)

M&T Bank

Business Banking Underwriter I

Wilmington, DE · On-site

$24.87 - $41.45/hr

Conduct credit investigations, and prepare loan packages for underwriters and SBA officers for more complex and/or non-routine deals. Primary Responsibilities: * Evaluate commercial loan/lease ...

M&T Bank

Business Banking Underwriter I

Wilmington, DE · On-site

$24.87 - $41.45/hr

Conduct credit investigations, and prepare loan packages for underwriters and SBA officers for more complex and/or non-routine deals. Primary Responsibilities: * Evaluate commercial loan/lease ...

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All JobsUnderwriter JobsUnderwriter Jobs in Delaware

Underwriter information

See Delaware salary details

$32.5K

$78.9K

$139.6K

How much do underwriter jobs pay per year?

As of Aug 9, 2026, the average yearly pay for underwriter in Delaware is $78,946.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,100.00 and $87,100.00 per year, depending on experience, location, and employer.

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 specialized knowledge.

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 with certifications can earn higher salaries, especially in competitive markets or financial sectors. Compensation often includes benefits and opportunities for advancement based on skills and performance.

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 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 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.
More about Underwriter jobs
What are the most commonly searched types of Underwriter jobs in Delaware? The most popular types of Underwriter jobs in Delaware are:
What are popular job titles related to Underwriter jobs in Delaware? For Underwriter jobs in Delaware, the most frequently searched job titles are:
What job categories do people searching Underwriter jobs in Delaware look for? The top searched job categories for Underwriter jobs in Delaware are:
What cities in Delaware are hiring for Underwriter jobs? Cities in Delaware with the most Underwriter job openings:
What are popular job titles related to Underwriter jobs in DE? For Underwriter jobs in DE, the most frequently searched job titles are:
Underwriter jobs near you
Infographic showing various Underwriter job openings in Delaware as of August 2026, with employment types broken down into 86% Full Time, 9% Part Time, and 5% Contract. Highlights an 95% In-person, and 5% Remote job distribution, with an average salary of $78,946 per year, or $38 per hour.

Business Banking Underwriter I

M&T Bank

Wilmington, DE • On-site

$24.87 - $41.45/hr

Full-time

Re-posted 12 days ago

M&T Bank rating

7.9

Company rating: 7.9 out of 10

Based on 186 frontline employees who took The Breakroom Quiz

79th of 170 rated banks

Job description

Overview:

Evaluate commercial loan/lease applications received primarily through the branch network channel. Adjudicate primarily new credit requests (of $25,000 or less) in accordance with designated approval authority with group credits and/or renewals (up to $100,000). Prepare credit analysis for commercial loan applications and enter credit applications into the credit system for underwriter review.  Conduct credit investigations, and prepare loan packages for underwriters and SBA officers for more complex and/or non-routine deals.

Primary Responsibilities:
  • Evaluate commercial loan/lease applications received primarily through branch network channel (and potentially via our online channel assuming future functionality). Credit facilities include secured and unsecured term loans, commercial mortgages, lines of credit, letters of credit and equipment leases. Evaluate each loan applicant's financial condition, cash flow and credit history in order to make appropriate loan decisions within individual lending authority.
  • Initiate and process credit requests in credit system for underwriters.
  • Interact with loan underwriters, bank office managers, various SBA personnel, and external customers throughout the underwriting process.  Research M&T Bank systems for the status of loan and deposit accounts, and enter into the credit system.
  • Understanding of governmental credit support available to small business loans (SBA programs) is required.  Review proposed loan packages for SBA eligibility following SBA program guidelines, policies and procedures for more complex and/or non-routine deals.
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite.  Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.
Scope of Responsibilities:

Incumbent is to ensure customer credit requests are processed in accordance with bank policy, compliance and Business Banking underwriting guidelines in a timely manner that supports the bank's ability to deliver superior customer service. This allows the department to deliver high customer service as evidenced with a short turnaround time, which has a direct effect on the Department's ability to meet its Service Level Agreements.

Education and Experience Required:

Bachelor's degree in Business Administration and one year commercial or business banking underwriting or related credit processing experience or in lieu of a degree, a combined minimum of 5 years higher education and/or work experience to include one year commercial or business banking underwriting or related credit processing experience.

Education and Experience Preferred:

Working knowledge or financial statements, tax returns, and credit reports.

Requires knowledge of Microsoft Excel and Word.

Self-motivated, well organized and positive demeanor.

Strong verbal and written communication skills coupled with attractive negotiation skills.

Ability to work under critical time constraints.

Ability to function professionally at many different levels (clients, management, peers, etc). Consistently maintain a high level of professionalism and service when dealing with various loan and lease sources.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $24.87 - $41.45 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.LocationWilmington, Delaware, United States of America

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