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Underwriter Jobs in Normal, IL (NOW HIRING)

InsuraTec

Sales Representative (Remote)

Morton, IL · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance. * Remote Flexibility : Enjoy the freedom to work from home on your schedule. * Work-Life Balance

InsuraTec

Sales Representative (Remote)

Lincoln, IL · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance. * Remote Flexibility : Enjoy the freedom to work from home on your schedule. * Work-Life Balance

InsuraTec

Sales Representative (Remote)

Normal, IL · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance. * Remote Flexibility : Enjoy the freedom to work from home on your schedule. * Work-Life Balance

Rivian

Associate Insurance Advisor

Normal, IL · On-site

Deep knowledge of P&C products and underwriting guidelines across multiple carriers. * Composure: The ability to remain calm and consultative under pressure. Active Listening: Exceptional skills in ...

Rivian

Associate Insurance Advisor

Normal, IL

Deep knowledge of P&C products and underwriting guidelines across multiple carriers. * Composure: The ability to remain calm and consultative under pressure. Active Listening: Exceptional skills in ...

State Farm

Data Scientist

Bloomington, IL · On-site

Responsibilities State Farm's Rating & Underwriting Modeling Team is seeking Data Scientists to support the growing demand for advanced analytic solutions across the organization. We are looking for ...

State Farm

Data Scientist

Bloomington, IL · Hybrid

Responsibilities State Farm's Rating & Underwriting Modeling Team is seeking Data Scientists to support the growing demand for advanced analytic solutions across the organization. We are looking for ...

State Farm

Data Scientist

Bloomington, IL · Hybrid

Responsibilities State Farm's Rating & Underwriting Modeling Team is seeking Data Scientists to support the growing demand for advanced analytic solutions across the organization. We are looking for ...

Afni, Inc.

Virtual Subrogation Specialist

IL · On-site +1

$21/hr

Respond professionally and promptly to telephone calls and emails from clients, adjusters, claimants, witnesses, attorneys, and underwriters. * Review and investigate claims to evaluate liability ...

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All JobsUnderwriter JobsUnderwriter Jobs in Normal, IL

Underwriter information

See Normal, IL salary details

$31.8K

$77.1K

$136.4K

How much do underwriter jobs pay per year?

As of Jun 16, 2026, the average yearly pay for underwriter in Normal, IL is $77,116.00, according to ZipRecruiter salary data. Most workers in this role earn between $59,600.00 and $85,100.00 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 thinking, attention to detail, and knowledge of insurance or lending practices are also important, and professional certifications can enhance job prospects.

What qualifications do you need for underwriting?

Underwriters typically need a bachelor's degree in finance, economics, or a related field. Relevant skills include strong analytical abilities, attention to detail, and knowledge of insurance or lending practices; professional certifications like the Chartered Property Casualty Underwriter (CPCU) can also enhance qualifications.

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.

What Do Underwriters Do?

The most common underwriters work for insurance companies or financial institutions to evaluate financial risk for insurance policies or loans. They review applications and paperwork and can approve or deny the request based on a set of three criteria--credit reputation, capacity to repay the loan, and collateral value. Underwriters check the applicant’s credit report and credit history, weight their annual salary with the cost of the loan or policy, and determine the loan-to-value ratio. Using these factors, they may approve the application, suspend it until further stipulations are met, or deny it.

Other kinds of underwriters include equity underwriters who administer the distribution of securities, and debt securities underwriters who buy government bonds and other debt securities and sell them for a profit.

Is underwriting a tough job?

Underwriting is a demanding role that requires strong analytical skills, attention to detail, and the ability to assess risk accurately. It often involves working under pressure to meet deadlines and making complex decisions based on financial and personal information.

What exactly does an underwriter do?

An underwriter evaluates and assesses the risk of insuring individuals or assets by reviewing applications, financial information, and supporting documents. They determine whether to approve or deny coverage and set appropriate premium rates, often using specialized software and industry guidelines. Underwriters play a key role in insurance, banking, and mortgage industries to ensure profitable and manageable risk exposure.

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
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What cities near Normal, IL are hiring for Underwriter jobs? Cities near Normal, IL with the most Underwriter job openings:
Underwriter jobs near you

Underwriter - Agriculture

COUNTRY Financial

Bloomington, IL • On-site

$54K - $75K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 6 days ago

COUNTRY Financial rating

8.0

Company rating: 8.0 out of 10

Based on 25 frontline employees who took The Breakroom Quiz

146th of 261 rated insurance

Job description

Experience more with a career at COUNTRY Financial!
We're excited you're interested in a career at COUNTRY as we strive toward our vision - to enrich lives in the communities we serve. Our footprint spans coast to coast. But more important than where we operate, is the people who do the work. Apply today to help our organization grow and make a difference for our clients.
About the role
Underwrites agricultural new business, changes, reinstatements, and renewals. Work with our Agency partners to profitably rate and classify agriculture lines clients and provide financial reps and their assistants support while offering an outstanding underwriting experience.
How does this role make an impact?
- Reviews and underwrites agriculture lines risk (i.e., selection/rejection of new and renewal business) of new applications and in-force business with higher degrees of risk not processed by automated systems.
- Administers and monitors underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.
- Analyzes quality and quantity of risks underwritten, prepares reports accordingly.
- Ensures adequate pricing of insurable risks by properly classifying the exposure and verify that characteristics are identified and applied and make changes where appropriate.
- Communicating with financial representatives, Underwriting, and/or other internal departments to obtain information or approval/denial of a policy transaction.
Do you have what we're looking for?
Typically requires 2+ years of relevant experience or a combination of related experience, education and training.
'-Normal office environment.
- Work may extend beyond normal business hours as business needs dictate.
- Regular travel to field locations.
Base Pay Range:
$54,800-$75,350
The base pay range represents the typical range of potential salary offers for candidates hired. Factors used to determine your actual salary include your specific skills, qualifications and experience.
Incentive Pay:
In addition to base salary, this position is eligible for a Short-Term Incentive plan.
Why work with us?
Our employees and representatives serve nearly one million households with our diverse range of personal and business insurance products as well as retirement and investment services. We build relationships and work together to create a stronger, more secure future for our clients and our communities. We're a big company, yet small enough you can make an impact and won't get lost in the shuffle. You'll have the opportunity to learn and grow throughout your career, either within this role or by exploring other areas of our business.
You'll be able to take advantage of our benefits package, which includes insurance benefits (medical, dental, vision, disability, and life), 401(k) with company match.
COUNTRY Financial is committed to providing equal opportunity in all areas of employment, and in providing employees with a work environment free of discrimination and harassment. Employment decisions are made without regard to race, color, religion, age, gender, sexual orientation, veteran status, national origin, disability, or any other status protected by applicable laws or regulations.
Come join our team at COUNTRY today!

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