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Underwriter Jobs in Normal, IL (NOW HIRING)

State Farm

Ventures Analyst

Bloomington, IL · On-site

Monitor industry developments related to insurance, financial services, AI, climate resilience, mobility, claims, underwriting, fraud, customer experience, and emerging enterprise technologies.

State Farm

Ventures Analyst

Bloomington, IL · Hybrid

Monitor industry developments related to insurance, financial services, AI, climate resilience, mobility, claims, underwriting, fraud, customer experience, and emerging enterprise technologies.

COUNTRY Financial

P/C Senior Actuary

Bloomington, IL · On-site

$110K - $151K/yr

... underwriting, pricing, risk management, carried reserves and/or profitability. May direct simple to complex actuarial projects simultaneously, cross-functionally, as well as aspects of very broad ...

Countryfinancial

P/C Senior Actuary

Bloomington, IL · On-site

$110K - $151K/yr

... underwriting, pricing, risk management, carried reserves and/or profitability. May direct simple to complex actuarial projects simultaneously, cross-functionally, as well as aspects of very broad ...

Compeer Financial

Insurance Client Coordinator

Bloomington, IL · Hybrid

$17.50 - $23.50/hr

Collaborates with Insurance Operations, Approved Insurance Provider underwriters and/or Insurance Officers to deliver services and address any concerns. * Assists Crop Insurance Sales Team with ...

Compeer Financial

Insurance Client Coordinator

Bloomington, IL · On-site

$17.50 - $23.50/hr

Collaborates with Insurance Operations, Approved Insurance Provider underwriters and/or Insurance Officers to deliver services and address any concerns. * Assists Crop Insurance Sales Team with ...

HUB

Account Executive - Personal Lines

Morton, IL · On-site

Establish and maintain strong and productive professional relationships with insurance carrier marketing, underwriting, and risk control staff, including a detailed familiarity with each carrier ...

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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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Underwriter jobs near you

Senior Commercial Banking Executive

First Financial Bank NA

Bloomington, IL • On-site

Other

Medical, Dental, Vision, Life, PTO

Posted 4 days ago

Job description

Senior Commercial Banking Executive

Location: Bloomington, IL, Champaign, IL, or Danville, IL (On-Site)

Status: Full-Time, Salary Exempt Officer

Why Join First Financial Bank?

As a Senior Commercial Banking Executive at First Financial Bank, you’ll report directly to the Chief Lending Officer and play a vital leadership role in shaping the bank’s commercial lending strategy. You’ll lead high-impact lending efforts, coach a team of relationship managers, and help drive growth across the region. This is a strategic position for a seasoned banker who thrives on developing complex client relationships, building high-performing teams, and influencing enterprise-wide outcomes through collaboration and credit expertise.

What You’ll Do

  • Drive business growth: Lead the development and execution of regional sales strategies to meet loan, deposit, and referral targets.
  • Build strategic relationships: Manage a pipeline of prospects and existing clients, focusing on complex commercial lending needs.
  • Coach high-performing teams: Recruit, onboard, and mentor commercial lenders across assigned markets to support team success.
  • Develop credit solutions: Guide deal structure, terms, and credit presentation in collaboration with the credit team.
  • Support credit quality: Participate in credit committees and ensure appropriate risk ratings across the portfolio.
  • Deliver exceptional service: Serve as a trusted advisor for business clients, offering tailored financial solutions across banking lines.
  • Manage portfolios effectively: Oversee commercial loan portfolios, ensuring file maintenance, relationship development, and risk management.
  • Champion collaboration: Foster referral activity across trust, retail, and mortgage to ensure comprehensive financial support for clients.
  • Advance performance goals: Ensure team achievement of commercial lending scorecard metrics, including production, portfolio growth, and loan quality.

What We’re Looking For

  • Bachelor’s degree in Finance, Marketing, Accounting, or related field.
  • 15+ years of commercial lending experience, with leadership responsibilities.
  • Proven ability to coach and manage high-performing sales teams.
  • Strong commercial credit knowledge and underwriting experience.
  • Excellent written and verbal communication skills.
  • Demonstrated ability to grow commercial loan and deposit portfolios.
  • Proficiency in Microsoft Office and financial analysis software.
  • Strong judgment, organization, and problem-solving capabilities.
  • Willingness to travel throughout assigned markets.
  • Alignment with FFB values of soundness, growth, value, accountability, and community.
  • Ability to review information and details at close range (within a few feet).

What We Offer

  • Competitive Pay & Benefits: Medical, dental, vision, and employer-paid life and disability insurance.
  • Financial Perks:401(k) match, Employee Stock Ownership Program (ESOP), and banking benefits.
  • Work-Life Balance: Paid time off, including 11 Federal Reserve bank holidays.
  • Growth Opportunities: Tuition assistance and professional development programs.
  • A Supportive Culture: Integrity, collaboration, innovation, and respect are at the heart of what we do.

Who We Are

First Financial Bank is a dynamic financial institution with over $6+ billion in assets and a proud history dating back to 1834. With more than 75 banking centers across five states, we are committed to empowering our clients, fostering personal growth, and building community.

Joining First Financial Bank means becoming part of a legacy where your work directly contributes to the stability and growth of the communities we serve. Here, you are more than an employee; you are an essential member of a team dedicated to living out the values of "One First" every day. Be part of a bank that values your contributions and invests in your future!

Ready to Join Us?

Apply now and take the next step in your banking career! We review all applications and will respond promptly.

First Financial Bank is an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, military and/or veteran status, or any other Federal or State legally protected classes.

Apply